Member News

Terra Search Partners, a retained, boutique real estate executive search firm, announced the hiring of Becky Regan as managing director. She will co-lead the firm’s growing affordable housing and impact investing practice with partner Greg Melanson, Terra said, adding that the hire extends the firm’s footprint in the Northeast.  

Springfield, MA, Mayor Domenic Sarno, The Michaels Organization and MassHousing announced the start of extensive renovations at the 201-unit Bergan Circle housing community in Springfield.  

Standard Communities announced it has led a public-private partnership that acquired The Link Apartments, a 143-unit community in Glendale, CA, using California’s innovative public-private partnership structure designed to facilitate the creation of middle-income housing. 

MassHousing announced it has closed on approximately $19 million in affordable and workforce housing financing to Trinity Financial, Inc., which is developing the 111-unit Phase Two of the Enterprise Center in downtown Brockton, MA, for residents with a wide range of incomes.

More than 45,000 tenants in 16 states and Washington, DC, have avoided eviction for financial hardship during the 15-month COVID-19 pandemic based on the preliminary results of a national Housing Stability Program being rolled out by WinnCompanies, the company said in an announcement. 

Nixon Peabody LLP announced it recently advised St. Stephens Retirement Center, Inc., and CRP Affordable Housing and Community Development LLC on a complex financing transaction and status conversion that will provide decades of financial certainty, as well as funding to rehabilitate the property.

R4 Capital announced it has named Paul Bernardin as executive vice president of R4 Capital, chief credit officer and director of underwriting. Bernardin will oversee the investment underwriting and risk management functions across the company’s LIHTC equity and tax-exempt debt businesses, R4 said. 

Woda Cooper Companies, Inc. announced that it was honored as the 2021 Housing Champion by the Community Transformers Foundation (CTF) at the nonprofit organization’s virtual awards ceremony June 12, 2021. Community Transformers Foundation is a private, independent foundation serving communities in Virginia. It was created to address health and social inequities in communities that are historically under served and represented. CTF focuses on four areas addressing economic stability, social and community engagement, education and wellness and health care. 

WinnCompanies announced it filed a Letter of Intent (LOI) with the Boston Planning and Development Agency (BPDA) for the first phase of the redevelopment Mary Ellen McCormack Public Housing Community in South Boston. 

Co-developers HVAF of Indiana and Woda Cooper Companies, Inc. announced they hosted a ceremonial groundbreaking at Proctor Place for the new 61-unit, high-quality affordable housing community supported with housing tax credits allocated by the Indiana Housing & Community Development Authority (IHCDA), with 15 units set aside for homeless veterans. The $12.6 million Proctor Place is being constructed at 240 N. Warman Ave. on the Central Greens campus, just west of downtown Indianapolis, Woda said. 

The Michaels Organization announced that it held a groundbreaking and blessing ceremony for Halewai`olu Senior Residences in downtown Honolulu in partnership with the City and County of Honolulu and the State of Hawaii. Scheduled for completion in 2023, the 17-story mid-rise development on a 26,925-square-foot parcel owned by the City and County of Honolulu, will provide 156 one- and two-bedroom affordable rental units for seniors. 

Merritt Community Capital said it has closed the first round for Fund XXII, so far raising $102 million that will finance nine projects and create 452 affordable homes across California.