Member News

Local Initiatives Support Corporation (LISC) Boston invites applications from community development corporations (CDCs) and community housing development corporations (CHDOs) in Massachusetts for capacity building support to drive inclusive investment in one or more low income communities that has been designated a federally-qualified opportunity zone by the Commonwealth of Massachusetts.

On April 4, 2019, HUD published a proposed regulation to implement the policies of Section 3 of the Housing and Urban Development Act of 1968, as amended. As proposed, the new rule would represent an overhaul of HUD oversight and administration of Section 3 by integrating requirements into regular program oversight and enforcement mechanisms and removing a separate compliance review process.

Vitus announced the preservation and renovation of the 140-unit La Playa Apartments (formerly known as Suburban Apartments) in Baton Rouge. The renovation is the company’s first project in Louisiana and includes large-scale improvements to an apartment complex that has provided affordable housing to low-income families in Baton Rouge and East Baton Rouge Parish for 43 years.

The National Equity Fund announced the appointment of Matthew Reilein as president and CEO, effective June 1, 2019. Reilein will succeed Joseph S. Hagan who is retiring after 19 years with the organization.

Affordable Housing Finance released its annual ranking of the Top 50 Affordable Housing Developers of 2018 and 20 NH&RA members made the list – congratulations!

CohnReznick former co-CEO and Chairman of the Board, Kenneth E. Baggett, passed away earlier this month. Ken was a bold leader, innovator, colleague and friend who helped establish CohnReznick as a top national advisory, assurance and tax firm and was instrumental in propelling its growth. For nine years, he served as Managing Principal and CEO of the CohnReznick predecessor firm Reznick Group, leading it to a top 20 national ranking among public accounting firms.

NH&RA member Riverside Capital announced the promotions of two key executives, Brant Fensin and Mark Furey, as well as the addition of two new vice presidents to its team, Kelly Henderson and Erin ONeill. The announcement comes as Riverside continues to ramp up its capacity to serve the company’s rapidly expanding client portfolio.

A new national survey on the connection between homes and health from NH&RA member Enterprise Community Partners Inc. (Enterprise) finds that more than half of renters surveyed have delayed care because they couldn’t afford it and 100 percent of medical professionals surveyed have had at least some of their patients express concerns about affordable housing.

Herb Collins passed away peacefully on March 30. Herb co-founded Boston Capital, Inc. in 1974 building it into one of the nation’s top real estate investment firms. Herb pioneered and ultimately helped sustain a new industry in low-income affordable housing. Championing this cause became Herb’s enduring professional legacy.

Madison Marquette, a leading national real estate owner, investor, developer and integrated service provider based in Washington, DC, announced its merger with NH&RA member The Roseview Group, a boutique institutional real estate investment and advisory company based in Boston, MA.

Chicago’s Woodlawn neighborhood celebrated two major milestones in its revitalization – the opening of a new 48,000-square-foot Jewel-Osco grocery store, the first full-service grocery store residents in that neighborhood in over 40 years, and the opening of Woodlawn Station, a new transit-oriented development consisting of 75 mixed-income units and 15,000 square feet of retail space. The development of Woodlawn Station was led by NH&RA memberPreservation of Affordable Housing, Inc. (POAH) and financed, in part, through HUD’s Choice Neighborhoods Initiative.

Gorman & Company announced the hire of Ron Clewer to lead its Illinois state market as Andre Blakely, former Illinois Market President, will lead Gorman’s national public housing redevelopment platform.