Members in the News
Locke Lord Names Cynthia Bast Austin Office Managing Partner
Locke Lord’s Cynthia Bast, Chair of the Firm’s Affordable Housing and Community Development Section, has been named Austin Office Managing Partner
New Hope Housing Avenue J Receives $750K for Houston Affordable Housing
Wells Fargo Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have joined together to provide a $750,000 Affordable Housing Program (AHP) subsidy to New Hope Housing Inc. to help fund a $34.9 million supportive housing development near downtown Houston, Texas. Called New Hope Housing Avenue J (NHH Avenue J), the 100-unit, transit-oriented apartment community targets families earning 60 percent of the area’s median income in a neighborhood known as the historic East End. Construction started in June 2020, and progress is well underway. Project completion is anticipated in April 2022.
Atlantic Pacific Communities Celebrates Groundbreaking of The Arbor at Wayforest in Houston
Atlantic Pacific Communities Celebrates Groundbreaking of The Arbor at Wayforest in Houston. Leasing is expected to begin in 2022.
Berkadia Adds Affordable Housing Veteran Tim Leonhard
MEMBER IN THE NEWS: Berkadia has brought in Tim Leonhard as senior managing director on its affordable housing platform. Based in Dallas, Leonhard brings more than 22 years of experience in the development and financing of affordable housing.
Lument Provides $21.5M Agency Loan for Affordable Housing Property in El Paso
Lument, the newly combined organization of Hunt Real Estate Capital, Lancaster Pollard and RED Capital Group, has provided a $21.5 million Freddie Mac loan for the renovation of Jackie Robinson Memorial Apartments in El Paso.
The NRP Group, SAHA launch affordable community on San Antonio’s Westside
From Connect Texas The NRP Group and the San Antonio Housing Authority held a virtual groundbreaking recently on The Legacy at Alazán, an 88-unit affordable apartment community project at the northwest corner of Colorado and El Paso Streets. The virtual groundbreaking...
New Hope Housing Opens Dale Carnegie Affordable Housing Development in Houston
To help vulnerable individuals rebuild their lives after the destruction caused by Hurricane Harvey and COVID-19, New Hope Housing Dale Carnegie has opened to people living on limited incomes. The state’s leader in providing permanent, affordable supportive housing...
The NRP Group Promotes Debra Guerrero to Senior Vice President of Strategic Partnerships and Government Relations
The NRP Group, the vertically-integrated, best-in-class developer, builder and manager of multifamily housing, today announced that TAAHP Past President Debra Guerrero has been promoted to the position of Senior Vice President of Strategic Partnerships and Government Relations, reporting to Kenneth W. Outcalt, Principal and national Head of Development at The NRP Group.
NHP Foundation awarded $1.5M annual allocation of 9% credits from TDHCA
The NHP Foundation (“NHPF”), has received $1.5M annual allocation of 9% credits from the Texas Department of Housing and Community Affairs to construct 149 units of permanent supportive affordable housing in Houston’s Midtown neighborhood. The NHP Foundation (“NHPF”),...
Hunt Capital Partners Invests in Texas Senior Development by Saigebrook
Hunt Capital Partners, in collaboration with Saigebrook Development, LLC, announced the closing of $12.9 million in federal low-income housing tax credit (LIHTC) equity financing for the new construction of Everly Plaza. Located in Fort Worth, Texas, the mixed-use...
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