Member News

Novogradac updated its Opportunity Zones (OZ) Mapping Tool to indicate whether there are boundary changes to qualified OZ census tracts (QOZs) due to the 2020 Census, a change that will necessitate IRS guidance, since eligibility for the OZ incentive is based on 2010 census tract boundaries.

Walker & Dunlop, Inc. announced that Dana Wade has joined the firm as chief production officer for all Federal Housing Administration (FHA)-backed loan originations with the U.S. Department of Housing and Urban Development (HUD). Wade will also be responsible for helping drive the company’s affordable housing financing activities, the firm said.

The Architectural Team (TAT) announced the elevation of senior project manager and architect Tom Schultz to the position of associate. The firm said that in his 19 years with TAT, Tom Schultz, AIA, NCARB, has led design and project management for over 3 million square feet of built projects in New England alone.

Enterprise Community Partners announced it has named Jimar Wilson as vice president and Southern California market leader. In his new role starting on March 22, Wilson will work with Enterprise’s partners from the Central Valley to San Diego to build and preserve affordable homes, the company said in a statement. 

FOR IMMEDIATE RELEASE WASHINGTON (March 5, 2021) – National Housing & Rehabilitation Association (NH&RA) members today elected its Board of Directors for 2021-22. NH&RA also previously elected its officers for the upcoming year. “The pandemic and the economic downturn over the past year has affected so many lives and presented unique challenges to the affordable […]

Woda Cooper Companies, Inc. and Parallel Housing, Inc. announced a virtual groundbreaking for Canaan Crossing, anew 60-unit multifamily affordable housing in Madison, GA. Canaan Crossing will be available for families earning up to 60 percent area median income. It will consist of townhomes and apartments in a campus-like setting at the corner of Wheat Street […]

Standard Communities, the affordable housing division of Standard Companies, announced it led a public-private partnership that acquired Bridgeview Village Apartments, the largest privately-owned affordable community in the city of Charleston, SC.

Cristhian Codorniu has joined The Michaels Organization as vice president of capital markets, the company said in a statement. In this role, Codorniu has lead responsibility for Michaels’ debt and equity platform that supports both new development and acquisition opportunities for Michaels. He succeeds Michael Flanagan, who was recently promoted to executive vice president of development for Michaels’ Student Living portfolio.

Arch Communities and WinnDevelopment, the multifamily housing developer within WinnCompanies, announced that construction is underway on a $25.7 million adaptive reuse project to transform a 104-year-old school building in Southbridge, MA, into 62 apartments for seniors age 55 and older.

CAHEC announced it has partnered with J&A Management on closing its first investment in the state of Mississippi.

The company said that 601 units of existing affordable housing across 16 developments will be preserved and modernized. “The expertise, local knowledge and strong professional connections possessed by the entire J&A team were invaluable resources during the closing process,” the company said in the announcement. The company said it looks forward to the opportunity to make additional investments in Mississippi.

USA Properties Fund Inc. said it has started construction on Vintage at Woodman in Panorama City, CA, bringing affordable senior housing to the community.

CREA, LLC and MG Housing Strategies, a boutique advocacy firm, announced a strategic partnership intended to mutually benefit the affordable housing industry and partners of CREA. CREA said the partnership will provide guidance and information for individuals and affiliated organizations seeking to navigate the complicated environment of Washington, DC and Capitol Hill.