Member News

Mark Straub’s last day at Pennrose will be December 31, 2020. During his tenure with Pennrose, Mark has played a pivotal role in developing and growing the Pennrose platform and business in the Southeastern U.S.

Pennrose announced that Mack Hancock has joined the organization as Vice President of Operations for the Property Management Company. Hancock, an industry veteran with more than 30 years of experience, will provide property management leadership and oversight for properties in Pennsylvania, New Jersey, Connecticut and Massachusetts.

MassHousing, the non-profit Preservation of Affordable Housing (POAH), and the City of Boston announced the closing of $36.5 million in MassHousing affordable housing financing for the development of the 135-unit The Loop Mattapan Station, a new affordable and workforce housing community in Mattapan Square. 

Citi recently announced the issuance of its first Affordable Housing Bond. The transaction consisted of a $2.5 billion four-year non-call three-year fixed to floating rate note issuance, the largest-ever social bond from an issuer in the private sector.

Ohio Capital Corporation for Housing (OCCH) named Catherine A. Cawthon president and CEO, effective January 1, 2021. Cawthon will join OCCH following more than 20 years at Fifth Third Community Development Corporation (CDC), serving the last 11 as president.

The Architectural Team (TAT) newly elevated principals include architects Jay Szymanski, Gary Kane, Edward Bradford, and vice president of finance, William Moran; the experienced designer Meghann Van Dorn has joined TAT as director of interior design.

Join MacRostie Historic Advisors (MHA) at 1:30 p.m. ET on November 17 for a webinar on functionally-related historic multiple building complexes, which face special requirements for rehabilitation.

Law firm Miles & Stockbridge P.C. announced it earned national rankings for professional excellence in 16 practice areas and a regional ranking in 44 practice areas in U.S. News & World Report’s 2021 Edition of Best Lawyers “Best Law Firms.”

Virginia Housing will host a Universal Design Certification class on December 7, 2020 at 9:30 a.m. ET via WebEx. Architects who last completed a Virginia Housing Universal Design Seminar prior to January 1, 2016 must be re-certified so that developments they work on are eligible to request Universal Design points in the 2021 Tax Credit Application round.

Woda Cooper Companies, Inc. released a short video to celebrate the recent start of construction at Center Crossing in downtown Hickory, North Carolina. The 50-unit affordable rental community will be near the city’s downtown Union Square and will serve low-income seniors.

Developer Woda Cooper Companies hosted a first-look and tour for Anderson Greene’s first phase on October 28, 2020, for Cedar Rapids Mayor Brad Hart and Iowa Finance Authority Executive Director Debi Durham, plus a small group of community leaders, partners, and other supporters.

LifeSTEPS and USA Properties Fund’s RN Coaching PILOT Program has received the 2020 HUD Secretary’s Awards for Healthy Homes, an annual award that recognizes programs that promote healthier housing through partnering, outreach and innovative practices.