Member News

NTCIC announces the successful financial closing to provide capital for the adaptive reuse of the historic Hoen Lithograph buildings located in East Baltimore, MD.

Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, announced the closing of $36.4 million in long-term, fixed-rate financing and $33.4 million in Federal and State LIHTC for Rural Multifamily Properties located in central Pennsylvania, Georgia and Washington.

Ohio Capital Corporation for Housing (OCCH) is pleased to announce the promotion of Lori McMillan to Director of Underwriting in the Fund Management Department.

Ohio Capital Corporation for Housing (OCCH) Board of Directors has announced that it has hired Peg Moertl as president. Moertl will succeed Hal Keller, OCCH’s president of 25 years, when he retires in 2019.

NH&RA member Enterprise Community Partners announced two ventures that elevate homes as essential to health and well-being with Kaiser Permanente. Kaiser Permanente invested $15 million in the Enterprise-managed Housing for Health Fund, which will preserve affordable homes in the Bay Area, and match up to $35 million in additional funds raised by Enterprise. This equity […]

NH&RA members Bank of America Merrill Lynch and Barings partnered with Ally Financial to invest $70 million towards increasing affordable housing stock in the Charlotte, NC. The $70.75 million investment will go towards: $11 million for the newly proposed Housing Opportunity Investment Fund — a private sector fund that will oversee some of the affordable […]

Cinnaire recently announced the appointment of Chris Neary as Vice President, Policy, Research and Advocacy in the company’s Wilmington, DE office. Chris will be responsible for the development, management and execution of Cinnaire’s public policy agenda, and the coordination of Cinnaire’s actions and work on policy matters at the state and national level. Chris previously […]

TCAM announced the expansion of the services it provides to affordable housing lenders. In November 2018, TCAM became part of MRI Software, a global leader in real estate software and comprehensive solutions for the affordable housing industry. Together, TCAM and MRI can now offer cutting-edge services to state and local government agencies and financial institutions that provide single-family and multifamily loans including subordinate (“cash flow” contingent) loan portfolios to the affordable housing industry.

Matthew Greeson and Tracy Childress joined Reno & Cavanaugh PLLC as firm members on Jan. 1, 2019. Greeson focuses on complex real estate transactions with an emphasis on mixed-use transactions that combine commercial space with affordable and/or market-rate residential units. He closes transactions employing public-private partnership initiatives for acquisition and development and utilizing low-income housing […]

RED Mortgage Capital, a division of ORIX Real Estate Capital, LLC, continues to expand its national presence, opening a new office in Los Angeles and hiring Jim McArthur as director – Multifamily Originations.

Margaret Sowell, president of Real Estate Strategies, Inc./RES Advisors (RES), announces that RES Senior Vice President Elizabeth Beckett will now lead the Firm as president.

The Robinson+Cole law firm released the January 2019 update for its Green Tax Incentive Compendium of Federal and State Tax Incentives for Renewable Energy and Energy Efficiency. Each section outlines the basic features and regulatory requirements for a tax program which provides financial incentives for clean technology development through renewable energy and energy efficiency projects.