Member News

Enterprise Community Partners and Wells Fargo are pleased to announce the Housing Affordability Breakthrough Challenge, a bold initiative designed to spark innovations that support housing affordability in the areas of construction, financing, and resident services and support. A collaboration presented by Enterprise Community Partners with generous financial support from Wells Fargo, the Housing Affordability Breakthrough Challenge invites creative innovators to participate in a competitive application process with an opportunity to receive a grant and technical assistance to further scalable housing affordability solutions.

Pennrose and The Cloud Company celebrated the grand opening of Meriden Commons II, the second phase of the transit-oriented Meriden Commons development in downtown Meriden, Connecticut. Developed in partnership with the City of Meriden and the Meriden Housing Authority (MHA), the project follows the grand opening of Meriden Commons I in July 2018 and builds upon city efforts to transform the Meriden Green area with mixed-income housing, retail space, and improved accessibility via multimodal transportation.

CohnReznick’s Tax Credit Investment Services  team just released its annual report on the performance of properties financed with the Federal LIHTC. The data in this report provide detailed insights into the performance of LIHTC properties and the latest performance trends observed across the surveyed portfolio, consisting of more than 20,000 properties.

Regions Bank announced that Eric Speichinger joined Regions Affordable Housing’s Originations Group as vice president and relationship manager. Speichinger will work out of Regions’ Chicago office and will focus on sourcing and originating affordable housing transactions throughout the Midwest.

Woda Cooper Companies recently celebrated the ribbon cutting of its new 91-unit senior community on Atlanta’s BeltLine. Adair Court was made possible through the allocation of LIHTCs from the Georgia Department of Community Affairs, as well as support from the City of Atlanta, Invest Atlanta and Atlanta BeltLine, Inc. Bank of America Merrill Lynch was investor and provided the construction loan. Summit Community Bank contributed permanent loan.

Hilary Jaffe and Connie Reiniger will join the Applegate & Thorne-Thomsen (A&TT) partnership effective January 1, 2020. Hilary joined the firm in 2018 and has spent the majority of her career representing direct investors and syndicators in low income housing tax credit transactions. Connie also joined A&TT in 2018 and focuses her practice on all aspects of real estate development and finance.

After the recent closing of a $7 million equity investment in a 200-unit affordable housing property located in Vancouver, WA, Candeur Group surpassed $450 million in affordable housing investments. Candeur is an investment banking firm for the affordable housing industry providing financial products to developers for affordable syndication and preservation.

RBC Capital Markets Tax Credit Equity Group recently announced the closing of RBC Tax Credit Equity California Fund–5 with total tax credit equity of $65,676,225. The Fund consists of federal LIHTC equity and federal Historic Tax Credit equity. The Fund is comprised of investments in six LIHTC eligible multi-family apartment communities located throughout California, representing 707 affordable homes.

Woda Cooper Companies recently celebrated the Grand Opening of Towne Creek Crossing in Walton, KY. This is a new multifamily community offering 44 affordable rental townhomes for households earning up to 60 percent of area median income. Co-developed by Woda Cooper Companies, Inc. and Housing Services Alliance, Towne Creek Crossing is comprised of one-, two- and three-bedroom townhomes for families, singles or seniors.

Related California founder and CEO Bill Witte was honored with the Lifetime Achievement Award from the San Francisco Housing Action Coalition. While Mr. Witte is hardly finished, Related’s portfolio includes 16,000 new homes completed or under construction under his 30-year tenure. The award was publicly presented by Senator Dianne Feinstein (D-CA), who previously served as […]

Freddie Mac Multifamily announced the promotion of Richard C. Martinez to senior vice president, multifamily production and sales. In his newly expanded role, Richard will oversee production for all Optigosm product lines, including Conventional, Small Balance, Targeted Affordable Housing and Senior Housing.

Berkadia announced the addition of David Leopold as senior vice president and head of Affordable Housing. He will lead Berkadia’s Affordable Housing team, a national platform that provides mortgage banking, investment sales and tax credit syndication services.