Member News
NH&RA Members Top AHF Top 50 Developers of 2017
NH&RA is proud to report that 23 of the listed organizations are NH&RA member firms, including 7 of the top 10.
Members MassHousing, POAH Close on $49.3 Million in Financing for the Ongoing First Phase of the Whittier Choice Neighborhoods Initiative in Roxbury
The MassHousing financing will advance the phased demolition and redevelopment of the Boston Housing Authority’s 200-unit Whittier Street Apartments in Roxbury.
Merritt Community Capital Engages Candeur Group for Fund Acquisitions and Underwriting
Candeur Group has been hired to provide a seamless transition of services when Merritt’s longtime Director of Acquisitions, Karen Smyda, retires on March 31, 2018.
WNC Closes $135 Million Institutional LIHTC Fund
Fund includes 24 affordable housing properties for seniors and families in 18 states.
Bright Power CEO Jeffrey Perlman Named in Crain’s 40 Under 40
Perlman began the energy firm in 2004 which has grown to 115 employees.
Volunteers of America Acquires Maryland Affordable Housing Portfolio
The five properties contain a total of 264 units and are located in four communities.
Citi Originates Nearly $4.7 Billion in Affordable Housing Lending
Nearly $4.7 Billion Lent to Finance Affordable Housing Projects in 2017 leads Citi to retain the top ranking in Affordable Housing Finance (AHF) Magazine’s annual survey of affordable housing lenders.
Greystone Affordable Development Closes Financing of $38.5 Million Preservation Transaction in Oklahoma
The portfolio of affordable housing properties includes 13 aged USDA Rural Development Section 515 properties (which were then consolidated into 11) and comprises 294 apartment homes serving low-income households in 8 counties across the state.
Hunt Mortgage Group Provides Financing on Affordable and Student Housing Portfolio Located in Texas, Florida, and South Carolina
This is the first time Fannie Mae’s M.TEB execution has been used to finance student housing
President of the Michaels Organization Appointed to the Executive Committee of Cooper’s Ferry Partnership
John J. O’Donnell, the President of The Michaels Organization, has been appointed to the Executive Committee of The Cooper’s Ferry Partnership, a private, nonprofit corporation whose mission is facilitating the revitalization of Camden, NJ.
Affordable Housing Tax Credit Coalition Names Emily Cadik Executive Director
Cadik joins AHTCC from Enterprise Community Partners, where she served as senior director of public policy, leading policy and advocacy related to the Low-Income Housing Tax Credit (Housing Credit) and other affordable housing and community development issues. While at Enterprise, Cadik also helped to lead the A Call To Invest in Our Neighborhoods (ACTION) Campaign, the nationwide coalition of more than 2,000 organizations and businesses advocating on behalf of the Housing Credit.
Owen Bouton Joins Hunt Mortgage Group as Director
Bouton will focus on originating loans for clients located in the Southeast region of the country. He will operate out of the Charleston and Atlanta offices and will report to John Beam, Managing Director at Hunt Mortgage Group.