Member News

Ann Silverberg, CEO of Related California’s Northern California Affordable division, was named one of the Bay Area’s Most Influential Women by the San Francisco Business Times for the second year in a row, and recognized as one of the most dynamic women in commercial real estate by BISNOW.

Since its inception in 2000, the National Trust Community Investment Corporation (NTCIC) has invested over $1.6 billion in 190 catalytic tax credit investments across 35 states. These efforts have rehabilitated over nine million square feet of historic buildings, created 5,850 units of housing, created or sustained over 30,000 jobs, provided education, healthcare or other services […]

POAH has been named a Department of Energy (DOE) Better Buildings Challenge Goal Achiever with a 20 percent reduction in energy use portfolio-wide.

Shannon Mowery has been promoted to Vice President of Supportive Services and will join the Shared Services team reporting to Mark H. Dambly, President of Pennrose. Mowery has been with Pennrose Management Company since 2002 and has been a highly accomplished leader of the Supportive Services team.

Regions Affordable Housing announced Rachel Thomas-Phillips has been appointed to serve as senior vice president and relationship manager in its Originations Group. Thomas-Phillips is based in Regions’ downtown Austin office and will focus on sourcing and originating affordable housing transactions throughout Texas, Arkansas, Oklahoma, Louisiana and Mississippi.

Tidwell Group is pleased to announce that Christopher Bailey, CPA, and Morgan Mahaffey, JD have been promoted to Partner.

MassHousing provided a total of $30.3 million in affordable housing financing to the Fenway Community Development Corporation for the refinancing, major renovation and preservation of affordability for mixed-income households at the 97-unit Newcastle Saranac in Boston’s South End.

Congratulations to the NH&RA members that received a New Markets Tax Credit award National Trust Community Investment Corporation, PNC Community Partners, Inc., RBC Community Development, LLC, The Rose Urban Green Fund and USBCDE, LLC.

NH&RA members BRIDGE Housing Corporation, Eden Housing, Inc., Jamboree Housing Corporation, Kingdom Development Inc., McCormack Baron Salazar, Inc., Meta Housing Corporation and Pacific West Communities, Inc. all received funding awards from CalHCD’s Multifamily Housing Program. Congratulations!

Pennrose has closed on financing for the 1.25-acre parcel and started construction on the 3-story 1920s era historic Mary D. Stone school building.  The redevelopment plan includes the renovation of the historic school, demolition of later built wings, and construction of a new addition.

Woda Cooper Companies, Inc. has closed financing and is commencing construction on its 20th  development in Pennsylvania. The new 56-unit townhome development called Kellinger Greene was awarded Low Income Housing Tax Credits by the Pennsylvania Housing Finance Agency (PHFA) in 2019 and is being financed with a construction loan from Park National Bank, permanent financing from PHFA and York County HOME Loan Program, and tax credit equity from CREA.

Mark Dean, Citi Community Capital’s national production manager has retired after a 36-year career in financial services, including 22 years with Citi Community Capital (CCC). Barry Krinsky, an affordable housing finance veteran, stepped into the national production manager’s role on June 1