AHIC Announces Hertzog as New Executive Director
Julie Hertzog has been named executive director of the Affordable Housing Investors Council (AHIC).
Prior to joining AHIC, Hertzog had been executive vice president for operations at Seedco, a national nonprofit that helps low-income people and communities achieve economic prosperity.
She replaces Karen Muchin, who recently became a principal at tax credit developer Celadon Holdings, LLC.
AHIC is a nonprofit organization comprised of corporations engaged in the investment of real estate funds for affordable housing.
Housing Partnership Network Names Executive
Becky Regan is joining the Housing Partnership Network as president for capital markets.
She will develop and manage all of the Boston-based organization's capital markets relationships and oversee its work in neighborhood stabilization and foreclosure prevention.
Regan was COO of Network member Boston Community Capital and president of its affiliate, the Boston Community Loan Fund.
She replaces Mary Tingerthal, who recently became commissioner of the Minnesota Housing Finance Agency.
Conifer Announces Management Moves
Conifer Realty, a leading affordable housing developer and manager in the Northeast, announced that Andrew V. Bodewes and Allen Handelman have been promoted to vice president of the development division, and Susan Sturman Jennings has been promoted to senior vice president.
Jennings is corporate general counsel and a member of the company's senior management team.
Rochester, N.Y.-based Conifer has more than 25 projects in various stages of development in Maryland, New Jersey, New York, and Pennsylvania.
VP Joins Boston Capital
Boston Capital announced that George Demoulias has joined the company as vice president of Boston Capital Energy, which specializes in the financial structuring and monetization of tax credits related to renewable energy projects. He will also investigate tax credit investment opportunities outside the energy field.
Demoulias worked for 11 years at State Street Bank and Trust Co., primarily in the tax advantaged investment group. He invested State Street's capital in affordable housing funds, film tax credits, and renewable energy projects.
Pepper Hamilton Adds Partner
Henry Liu has joined the Pepper Hamilton, LLP, law firm as a partner in the affordable housing and community development practice in Washington, D.C.
His practice is focused on real estate transactions, including the leasing, fi- nancing, development, and disposition of retail and commercial properties. He also has extensive experience in low-income housing and economic development.
Liu represents lenders in the origination and sale of loans under Fannie Mae, Freddie Mac, and private mortgage conduit multifamily and commercial programs. He also represents lenders in the origination of multifamily affordable housing loans funded through the issuance of tax-exempt bonds under various Fannie Mae and Freddie Mac multifamily bond credit enhancement programs.
Prior to joining the firm, he was a partner at Morgan Lewis.
Nixon Peabody Expands West Coast Practice
Nixon Peabody, LLP, has expanded its West Coast affordable housing practice with the arrival of new partner Tuan Pham in the firm's San Francisco office.
Pham focuses his law practice on financing real estate, energy, and public infrastructure developments using tax-exempt bonds and tax credits. He has been involved in many notable housing financings, including the issuance of a series of multifamily bonds totaling $135 million for AvalonBay Communities, one of the largest housing bond transactions in California.
Prior to joining Nixon Peabody, Pham was at Goodwin Procter.