Member News

Hunt Capital Partners said it and developer Housing Initiatives LLC closed on more than $8.2 million in Low Income Housing Tax Credit equity financing for the construction of 46 units of affordable multifamily housing in Vancouver, WA, to house the homeless. The Vancouver Housing Authority will provide public housing subsidies for the apartments, Hunt said.

WinnResidential, the property management arm of WinnCompanies, announced that it appointed Oke Johnson as the executive vice president responsible for the company’s management portfolio and new business growth in California and Arizona.

Hunt Capital Partners and developer Royal Capital Group will use $13.1 million in tax credit equity for the rehabilitation and adaptive reuse of an old school dating to 1902 plus the addition of adjacent new construction to create 82 units of multifamily housing, Hunt said in an announcement. Both Federal Low Income Housing Tax Credits and Federal and State Historic Tax Credits have been allocated for the project.

USA Properties Fund announced it has started construction on Terracina at Lancaster, a fast-growing city in northern Los Angeles County.

JLL Capital Markets announced that it has arranged financing for Elizabeth Gardens, a 140-unit garden-style workforce housing community located at 8400 NW 25th Ave. in Miami, FL.

Congratulations to the Choice Neighborhoods FY 2020 Implementation Grants awardees. NH&RA members were part of every awardee team this year, including Michaels Development, The Community Builders, McCormack Baron Salazar and Boston Financial.

The Ohio Housing Finance Agency will hold a webinar from 2 to 3 p.m. ET on June 16 on Enterprise’s 2020 Green Communities Criteria.

CohnReznick LLP announced that Anthony La Malfa has joined the firm as an assurance partner in its commercial real estate practice.

Red Stone Equity Partners LLC announced the closing of Red Stone Equity – Fund 84 Limited Partnership (Fund 84), a $207-million multi-investor Low Income Housing Tax Credit (LIHTC) investment fund.

At 10 a.m. ET on May 19, the House Ways and Means Committee will hold a hearing on Leveraging the Tax Code for Infrastructure Investment.

Walker & Dunlop, Inc. announced it hired John Ducey as affordable chief production officer. The firm said Ducey will lead Walker & Dunlop’s affordable housing financing efforts across all capital sources, including Fannie Mae, Freddie Mac and private capital providers as the company seeks to expand its affordable lending footprint across the United States.

Standard Communities said in an announcement it has named Jay Wilson the director of East Coast asset management, based in Washington, DC.