Member News

Kirk & Company COO Brett Pelletier has been appointed to the business and economics faculty at Salve Regina University in Newport, RI. Pelletier has been with Kirk & Company since 2005, and holds degrees from Bentley University, Bryant College and Harvard University.

Standard Communities, the affordable housing division of Standard Companies, said it has acquired Ritch Homes Apartments, located at 1420 and 1424 R Street NW, Washington, D.C.  The property consists of 42 rent-subsidized apartments for low income families. As part of a public-private partnership, Standard will add four units to the site as part of an […]

SCG Development announced the closing of Ovation at Arrowbrook Apartments, located in Herndon, VA. Ovation will be a $100 million mixed-use development located in close proximity to the future Innovation Center Silver Line Metro Station and the Center for Innovative Technology in Herndon, VA. The development will feature 274 affordable apartment homes with 38,000 square […]

National Equity Fund, Inc. (NEF), Metropolitan Atlanta Rapid Transit Authority (MARTA) and Morgan Stanley announced the launch of the $100 million Greater Atlanta Transit Oriented Affordable Housing Preservation Fund. The Fund will provide financing to multi-family property owners to help low-income families and individuals stay in their homes, and not be displaced as rents increase in transit-rich neighborhoods throughout the Greater Atlanta metropolitan area.

Enterprise Community Partners announced the promotion of David Edwards to chief information officer. In this role, Edwards will oversee the strategic direction and operational management of the information technology backbone for Enterprise, as well as the optimization of Enterprise’s business operations platforms, back-office solutions and core technology infrastructure.

DREAM Collaborative is a diverse and minority-owned architecture firm committed to bringing a broader perspective to the design process to better understand and serve the needs of our clients. We believe that a symphony of voices leads to more innovative thinking and ultimately to better business outcomes.

John Kelly, senior counsel and partner at Nixon Peabody International LLP, said he would retire as of Jan. 31. Kelly has more than 30 years of experience in affordable housing and has been a longtime advocate at both the state and federal level.

Vesta Corp. said its renovation of Park Yellowstone Apartment Homes in Houston was recently awarded the Texas Apartment Association’s Affordable Housing Redevelopment Award for creativity and innovation in affordable housing.

Enterprise Community Partners has named Judi Kende senior vice president and chief program officer of its Solutions division, which operates nationwide with program, policy, advisory and capacity-building arms at the national, state and local levels, the company said in a press release. The company said Kende will remain based in Enterprise’s New York City office […]

CBRE announced the recent permanent financing for The Reserve at Juban Lakes, a 132-unit affordable housing property to be built in Denham Springs, LA. Steve Wessler, senior vice president with CBRE, and Jeanne Marie Coronado, vice president with CBRE Affordable Housing, arranged $11.6 million in permanent financing with a 16-year forward rate-locked tax-exempt loan from […]

Citi and its Advisory Council are now soliciting applications for diverse fund managers to each manage $25 to40 million of CRA-qualifying private equity funds, the investment objective of which will be the preservation of affordable multifamily housing across the U.S. 

Nicole Ferreira will be joining Beacon Communities as executive vice president of development in New York. Ferreira served as the senior vice president of multifamily finance & development at the New York State Division of Homes and Community Renewal (HCR), where she managed the agency’s multifamily finance teams.