Moves at Nixon Peabody
Gregory N. Doran has taken the helm of Nixon Peabody’s tax credit finance and syndication practice.
A partner in the firm’s Washington, D.C., office, he concentrates his practice on transactions involving New Markets Tax Credits. Doran draws upon prior experience from his time in the Internal Revenue Service Office of Chief Counsel as an attorney providing guidance to the IRS and taxpayers on issues involving low-income housing and New Markets tax credits.
Doran succeeds Jeffrey S. Lesk as the head of the tax credit finance and syndication practice.
In another move, Joseph Lynch has become managing partner of Nixon Peabody’s New York City office.
He is a partner in the firm’s affordable housing practice within the real estate and community development department. Overseeing one of Nixon Peabody’s largest offices, Lynch will lead a team of nearly 100 attorneys that advises clients on affordable housing, real estate financing, and other transactions.
Housing Partnership Takes on New Role
The Housing Partnership Development Corp. has taken on the role of administering agent for developers participating in New York City’s inclusionary housing program.
Managed by the city’s Department of Housing Preservation and Development (HPD), the program provides zoning incentives to developers constructing or substantially rehabilitating residential property who agree to designate a number of those units as permanently affordable.
“This additional role is consistent with the Housing Partnership’s tradition of improving access to affordable housing in the New York metropolitan area,” said Dan Martin, president and CEO of the Housing Partnership.
In its new role, the organization will be responsible for ensuring that the developer and the project comply with the provisions required in the regulatory agreement with HPD as it relates to the occupancy of affordable units.
The Housing Partnership serves as New York City's primary intermediary for the development of new, affordable homeownership housing on both public and private sites, producing over 30,000 units in its 30-year history.
Anarde Takes Helm at Rural LISC
Suzanne Anarde has been tapped to lead the national rural program for the Local Initiatives Support Corp. (LISC).
She joined Rural LISC in 2008, working with local community development groups in rural California, Oregon, and Utah. Prior to that, she was founding executive director of Tri-County Housing and Community Development Corp. in Fowler, Colo.
Anarde succeeds Elise Hoben, who recently retired as Rural LISC’s program vice president.
NEF Adds to East Team
Sandra Seals has joined National Equity Fund, Inc., a LIHTC syndicator.
Based in South Florida, she will be part of the firm’s East group, focusing on affordable housing deals in Alabama, Florida, Georgia, North Carolina, and South Carolina.
Seals recently served as vice president of government relations and new business at Reliance Housing Foundation in Fort Lauderdale, Fla.
Stratford Capital Names SVP
Elizabeth C. Ronayne has been hired as senior vice president at Stratford Capital Group, where she will be responsible for investor service and marketing activities associated with the firm’s LIHTC funds.
She brings to the company more than 21 years of experience in the housing tax credit industry. Most recently, she served as managing director at another national tax credit syndication firm. Prior to that, she held executive positions at several banks.
Cadence McShane Names VP
David B. Tague has joined Cadence McShane Construction as vice president of housing and senior living.
He will oversee the firm’s multifamily and senior living projects while seeking opportunities for new construction assignments throughout Texas and the South Central region. Tague will be based in the firm’s Dallas office.
Allied Orion Names CFO
Mitch Maples has been named CFO at Allied Orion Group, a multifamily property management company with a portfolio of more than 25,000 apartments under management.
Maples will be responsible for overseeing all financial and accounting operations for both the corporate property management and development office.