TAX CREDIT & TAX EXEMPT BOND DEALS 2006 UNIT STARTS/ UNIT COMPLETIONS
REGION(S)
ORGANIZATION TYPE
41
Payne Development, LLC
Kevin P. Payne, president
31920 Del Obispo St., Suite 260 San Juan Capistrano, CA 92675
(949) 542-8700
223/183
West
For-profit
Payne Development focuses on family and seniors apartments. It started three affordable housing developments with 223 units in 2006 and expects to increase production in 2007 by starting seven projects with 421 units.
Peach Properties is involved in both new construction and acquisition and rehabilitation deals. The firm expects to start about 300 units in 2007.
43
CDHM Group, LLC
Donald Pace, owner and general partner
2137 N. Courtenay Parkway, Suite 23 Merritt Island, FL 32953
(321) 453-3127
196/120
South Central
For-profit
CDHM Group is a small firm that completed a 120-unit single-family development in Donna, Texas, and started construction on two other developments in Texas in 2006.
44
Pathway Senior Living, LLC
Jerome E. Finis, principal
Pathway Senior Living develops and operates housing for seniors. A signature program is its affordable assisted-living facilities. Pathway opened two affordable assisted-living communities in 2006.
45
Senior Lifestyle Corp.
Robert Gawronski, vice president of development
Founded in 1985, Senior Lifestyle Corp. develops and operates housing for seniors at different economic levels. The firm and acquisitions started two affordable housing developments in 2006 and plans to start three more in 2007. A recent project was the adaptive reuse of a historic YMCA building in Joliet, Ill.
46
Domus Development, LLC
Meea Kang, president
149 Fell St. San Francisco, CA 94102
(415) 558-9500
www.domusd.com
173/114
California
For-profit
Formed in 2003, Domus Development completed two developments in 2006. It plans to start another three in 2007. The firm said it has approximately 10 projects in predevelopment, totaling more than 500 units. Its activities are focused on California.
47
Conifer Realty, LLC
Carol Oster, vice president
183 East Main St., Suite 600 Rochester, NY 14604
(585) 324-0500
www.coniferllc.com
172/438
Midwest, Northeast
For-profit
Formed in 1975, Conifer Realty develops and manages affordable rental and for-sale housing. Its work also includes rehabilitation and preservation projects. It plans to start seven projects in 2007.
48
Downtown Action to Save Housing
Mark E. Thometz, executive director
11018 NE 11th St. Bellevue, WA 98004
(425) 646-9053
166/137
Washington
Nonprofit
Downtown Action to Save Housing (DASH) started one development in 2006 and plans to start two more in 2007. Its activities are focused in Washington’s King and Snohomish counties.
49
Sermar Management Corp.
Mark Sertl, vice president
349 W. Commercial St., Suite 3100 E. Rochester, NY 14445
(585) 248-5490
162/162
Northeast, Midwest
For-profit
Sermar Management completed one affordable development in 2006 and plans to complete another in 2007. The firm will target western New York state.
50
Wabuck Development Co., Inc.
Garry Watkins, president
P.O. Box 556 Leitchfield, KY 42754
(270) 259-5607
150/150
Southeast
For-profit
Wabuck Development’s area of focus includes tax credit properties, especially seniors housing.
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