CREA Adds to Team
City Real Estate Advisors, Inc., a low-income housing tax credit (LIHTC) syndicator, has announced two new hires.
Scott Hubbard has become senior vice president-risk management. Working in affordable housing and real estate finance since 1990, he has significant experience in LIHTCs and historic tax credits. He was recently vice president, fund management, for an affordable equity corporation.
Sanjeev Jaipuriar has been hired as vice president-acquisitions. Based in the firm's Boston office, he is responsible for LIHTC investment acquisition and closing activities of lower-tier partnerships. Jaipuriar has been active in acquisition, underwriting, and asset management of LIHTC investments since 1998.
MHEG Appoints President and CEO
John Wiechmann has been named president and CEO of Midwest Housing Equity Group, Inc. (MHEG), in Omaha, Neb. He had served as the LIHTC syndicator's lead outside counsel since 2005. Prior to joining MHEG, Wiechmann was a partner at Kutak Rock, LLP. He replaces Jim Rieker, who resigned in March and has joined Community Affordable Housing Equity Corp.
Great Lakes Hires Underwriter
Zina Risk has joined the Chicago-area office of Great Lakes Capital Fund as a senior underwriter.
She brings 15 years of multifamily lending experience to the firm. Previously, Risk worked as a senior underwriter at Alliant Capital.
Arbor Appoints FHA Group Leader
Joseph Donovan has been named senior vice president and director of Federal Housing Administration (FHA) lending at Arbor Commercial Mortgage in the firm's Boston office.
He will oversee the expansion of the firm's targeted FHA multifamily lending business.
Donovan joined Arbor in 1993 and was previously senior vice president of production management.
In memoriam: David Herlinger
David Herlinger, longtime executive director of the Colorado Housing and Finance Authority (CHFA), died June 13. He was 76. He was a leader in a number of housing and community development efforts nationally and across Colorado for more than 40 years.
He led CHFA from 1977 to 2000. Herlinger also served as chairman of the Lowry Redevelopment Authority.