Member News

Peter Bell, President and CEO of National Housing & Rehabilitation Association (NH&RA), explored the relationship between the adaptive reuse of historic buildings, energy conservation and the built environment at the U.S. Department of Energy’s 2015 Better Buildings Summit in Washington, DC.

Lancaster Pollard assisted Evangelical Lutheran Good Samaritan Society (Society) in financing an acquisition rehab on a Section 202 affordable seniors housings property using the FHA Sec. 223(f) Pilot Program.

USA Properties Fund Inc. President and Chief Executive Officer Geoff Brown, a longtime advocate and developer of affordable communities, has been named a Housing Hall of Fame Honoree by the California Housing Consortium.

Love Funding announced the closing of a $13.6 million refinancing loan for Sunset Normandie Towers, a 148-unit Section 8 senior living facility in Los Angeles, California.

Herman & Kittle Properties, Inc. announced two promotions that are effective immediately: Jay Kellogg is now Executive Vice President – Development and Construction and Pat O’Connor is now Executive Vice President – Capital.

The Woda Group received the Michigan Governor’s Award for Historic Preservation for the rehabilitation of Lloyd’s Department Store in Menominee, MI. A dilapidated former department store and factory was converted into 44 housing units and community and commercial space.

Bellwether Enterprise announced that they have joined a network of 24 Delegated Underwriting and Servicing Lenders. With this designation, Fannie Mae has authorized these lenders to underwrite, close and deliver most loans without Fannie Mae preview.

Beacon Communities and its development partner successfully completed the redevelopment of William Moorhead Tower, a 15-story, 141-apartment affordable housing development in Pittsburgh’s North Oakland neighborhood, using a $1.25 million award of federal low income housing tax credits

Enterprise Community Investment, an NH&RA member, celebrated its 2000th investment in a low income housing tax credit deal.

MJ Gravel has been named development director for the state of California for Volunteers of America. She will focus on property acquisitions, renovation of existing housing portfolio and new construction for Volunteers of America’s three California offices.

Freddie Mac announced that David Leopold, a long-time leader of affordable rental housing lending and investments, is joining the company on April 20, 2015, as vice president of affordable housing production for the Multifamily business.

Boston Capital announced the closing of Boston Capital Corporate Tax Credit Fund XL, a nationally diversified portfolio of 21 affordable apartment properties in 13 states with a fund size of $120 million.