Meg Manley Joins PIRHL
Affordable housing veteran and advocate Meg Manley has joined Cleveland-based developer PIRHL as director of development.
At PIRHL, she will hold executive responsibility while overseeing a team of development project managers, associates, and coordinators as they work through the development and construction phases. PIRHL’s portfolio consists of 4,600 units of new construction and preservation developments in the Midwest, mid-Atlantic and Southeast, including affordable 9% and 4% low-income housing tax credit (LIHTC) transactions and value-add market-rate acquisitions.
Manley joins the firm from McCormack Baron Salazar, where she was a principal and managing director of development. She was with the firm since 2012.
Since 1995, Manley has developed approximately 3,000 units of affordable housing in multiple states, including Florida, Georgia, Louisiana, Maryland, Michigan, New Jersey, Ohio, Pennsylvania, Texas, and Virginia. She is on the executive committee of the Housing Advisory Group, where she serves as an advocate for the LIHTC and other housing programs.
“Meg’s experience and expertise in the affordable housing industry as well as her presence as a leader offers a tremendous opportunity to help take PIRHL to the next level. Her philosophy with respect to development is aligned with ours, and we are confident in her abilities and talent in leading and teaching our development group,” said principal David Burg. “She is a natural fit within PIRHL’s executive team, and we’re excited to have her on board.”
Bellwether Enterprise Appoints SVP in Denver
Anthea Martin has been named senior vice president of Bellwether Enterprise, the commercial and multifamily banking subsidiary of Enterprise Community Investment. She will be based in the Denver office.
Martin brings with her almost two decades of experience in loan origination and underwriting in the real estate industry, with a track record in affordable housing and construction lending.
As senior vice president, Martin will work to arrange and secure competitive financing options for a wide range of clients both in the region and across the country. She will draw on her affordable housing expertise, including Department of Housing and Urban Development/Federal Housing Administration (HUD/FHA) programs.
Martin recently served as a vice president at Walker & Dunlop, where she specialized in loan origination for market-rate and affordable multifamily properties, with an emphasis on HUD/FHA, Fannie Mae, and Freddie Mac programs. Additionally, she served as senior Multifamily Accelerated Processing underwriter and vice president at CBRE and as a principal consultant at 5280 RE Solution, where she focused on affordable housing underwriting. Martin is a member of the Housing Colorado and Sharing Connexion boards of directors and a recipient of the 2016 HousingWire Women of Influence Award.
CHFA Announces Managers, Retirement
Colorado Housing and Finance Authority (CHFA) has named Paige Omohundro to be business development manager in its home finance division, and Terry Barnard has been named production and outreach manager in the community development division.
Omohundro joined CHFA in 2017 as a business development specialist after serving 10 years as the homeownership finance manager at the Texas State Affordable Housing Corp. As CHFA’s home finance business development manager, Omohundro is responsible for creating and maintaining existing relationships with CHFA participating lenders, real estate professionals, and nonprofit partners. She leads CHFA’s business development department, which provides information and guidance on the state agency’s programs to participating lenders and homebuyer education providers. Additionally, Omohundro leads new program development and promotes CHFA’s homeownership programs at community and mortgage-industry events throughout Colorado.
Barnard served as a senior commercial lender at CHFA for nearly three years before being promoted to production and outreach manager. In his new role, Barnard oversees the multifamily loan origination function within CHFA’s community development division. This includes securing multifamily loans for CHFA, managing the marketing and outreach to affordable housing developers, working with CHFA’s Grand Junction office to identify and help meet the multifamily needs of the rural markets, and being highly visible in the marketplace to promote CHFA’s community development lending.
In another move, Mike Pacheco, senior tax credit officer, has retired after 13 years at CHFA.
During his career, he made a major impact on Colorado’s affordable housing. As part of this work, Pacheco spent a lot of time in communities throughout the state, providing technical assistance and bringing local stakeholders together with developers, according to CHFA.
BGC Advantage Hires Director of Development Finance
Ashley Wilson has been named director of development finance at BGC Advantage in Ruston, La.
She joins BGC with over 15 years of accounting, business, and affordable housing experience. Wilson will leverage her affordable housing consulting and accounting expertise to assist BGC with business development, acquisition, and project development. She will provide executive-level analysis of property financials, past performance, and the forecasted performance of properties. Wilson will also lead BGC’s financial division and provide day-to-day oversight.
Her previous professional experience will work to serve BGC in determining finance approaches and debt structures, and providing oversight for project budgets and reporting requirements.
AHEPA Announces Promotions
Todd Jensen has been promoted to director of AHEPA Management Co. (AMC) and Hellenic Development, Inc. (HDI). He previously served as assistant director of acquisitions and refinancing to manage tax credit opportunities for new development for AHEPA National Housing Corp., the ownership entity of AMC.
Jensen will focus on securing tax credit financing and evaluating acquisition and refinancing opportunities for AMC and HDI as well as directing current and new development of the company’s affordable assisted-living communities. Jensen has been employed with AHEPA since 2013. Previously, Jensen served as real estate development associate with RealAmerica Development.
Christopher Egan has been promoted to vice president of finance at AMC. He continues to serve as controller for the firm.
In his new role, Egan will continue ensure the financial accuracy and financial compliance of all of the firm’s managed properties. He will also maintain internal controls to safeguard the assets of AMC and its managed properties as well as provide oversight of new development and treasury management.
He has eight years with AMC and over 24 years of experience in financial management and accounting, with over 18 of those years in affordable housing auditing and management.
AMC is a wholly owned subsidiary of AHEPA National Housing Corp. and was established in 1991 to provide on-site property management and maintenance for all AHEPA National Housing Corp. communities. The nonprofit AMC supports 92 apartment buildings throughout the United States.
Longtime CFO Retires from Community Investment Corp.
Community Investment Corp. (CIC) has announced that Tom Hinterberger will retire after 30 years with the organization.
He joined the Chicago-based organization as CFO in 1988 and is well-respected among internal staff and external banking partners alike. During his tenure, CIC originated more than $1 billion in lending to support affordable rental housing in the Chicago area. During that time, the organization consistently operated at break even or better, even in the most difficult of economic times, and consistently delivered positive financial returns to CIC’s investors.
“Tom has made many contributions to CIC during his tenure,” said Jack Markowski, CIC president. “He was instrumental in bringing loan servicing in-house to CIC, paving the way for a hands-on customer service approach that has contributed to CIC’s strong financial performance. We thank Tom for his contributions and wish him much happiness in his retirement.”
CIC will immediately begin a search for the organization’s next CFO. To ensure a smooth transition, Hinterberger will continue working at CIC through the end of 2018, including assisting leadership in searching for his successor and on-boarding the new CFO.
Colorado Agency Announces New Name, Director
The Adams County Housing Authority has changed its name to Unison Housing Partners. In addition, Peter LiFari, former deputy director of the housing authority, has been named the director of the Colorado agency.
LiFari takes over from Don May, who retired from the post after 25 years. May helped grow the organization from 132 housing units to over 2,700 units.
Officials said the new name and brand reflects “the organization’s progressive approach and ongoing commitment to addressing the multitude of factors impacting family stability and economic self-sufficiency in the 21st century.”
Hunt Mortgage Adds to Affordable Housing Team
Kevin Deegan has joined Hunt Mortgage Group’s growing affordable housing/FHA group as director. He will be focused primarily on originating and closing affordable and FHA multifamily loans nationwide but will also serve clients using Hunt Mortgage Group’s balance-sheet products and agency executions.
In his new role, Deegan, who is based in New York, will partner with director Suzanne Cope, who is based in the Denver office. They will jointly source, evaluate, and close affordable and market-rate loans.
Prior to joining Hunt Mortgage, Deegan was director, real estate advisory services, at National Valuation Consultants. Prior to that he held positions with Harmony Housing/Greystone & Co. and Centerline Capital Group (formerly known as Related Capital Group).
Arbor Appoints EVP, Chief Production Officer
Frank Lutz has been named executive vice president, chief production officer, at Arbor Realty Trust, a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, health care, and other diverse commercial real estate assets.
Lutz will oversee all of Arbor’s agency lending platforms as it relates to business development and the firm’s national production network and originations team. Additionally, he will serve as the company’s liaison between Arbor’s agency partners as it relates to production.
He brings more than 25 years of multifamily agency experience. Lutz joins Arbor from Berkadia, where he spent the past seven years as senior vice president, Fannie Mae liaison, managing Berkadia’s Fannie Mae and Freddie Mac production relationships. He also has served as the chairman of the Fannie Mae DUS Advisory Council. Prior to joining Berkadia, Lutz was with Fannie Mae, where he served as vice president, customer management, for the Northeast.
Pembrook Capital Expands Loan Origination Team
Douglas Wilberding has joined Pembrook Capital Management’s national loan origination program. In his new role as senior originator, he will source, price, and structure loans for the firm’s mid-Atlantic and Northeast regions. He is based in Washington, D.C.
Wilberding brings over 25 years of experience to his new position at Pembrook and has been responsible for acquiring, financing, leveraging, managing, and disposing of over $4 billion in all asset classes throughout his career.
Prior to joining Pembrook, he served as senior vice president with the National Community Reinvestment Coalition (NCRC), a nonprofit based in Washington, D.C., focused on increasing private capital into underserved communities. During his nearly five years at NCRC, he successfully managed its owned commercial real estate throughout the Washington, D.C., market and oversaw other initiatives, including raising debt and equity commitments for a Community Reinvestment Act–focused affordable housing real estate fund and acquiring a new $103 million headquarters for the organization.
Earlier in his career, Wilberding worked for several nationally focused real estate investment firms, where he was responsible for capital raising and other middle-market real estate investments.
Four Become Enterprise Rose Architectural Fellows
Enterprise Community Partners has announced the new class of Enterprise Rose Architectural Fellows. Partnering emerging architectural designers with community developers for three years, the fellowship is the premiere opportunity to build a career in public-interest design.
The four Rose Fellows will work on a range of projects:
· Nicholas Forest will spend his fellowship with Quest Community Development Organization in Atlanta. Forest will assist Quest's property development team in their efforts to stabilize Atlanta's Westside communities by developing 100 new affordable homes as well as retail and office spaces. He holds a bachelor’s degree from Prairie View A&M University and a master of architecture degree from Illinois Institute of Technology. Prior to joining Quest, Nicholas served as an architectural designer at Niles Bolton Associates.
· Jason Minter will join the buildingcommunityWORKSHOP, a Texas-based nonprofit community design center seeking to improve the livability and viability of communities through the practice of thoughtful design. Minter will work in its Houston office to focus on understanding the complexities of disaster recovery in Texas and along the Gulf Coast. He holds a bachelor’s degree in architecture from the University of Nebraska at Lincoln and a master’s in architecture from Texas A&M University.
· Dawn Hicks will bring her design and community building skills to Venice Community Housing (VCH), where she will serve as a key member of the housing development team as VCH initiates two new construction projects focused on increasing affordable and permanent supportive housing options in Venice, Calif., as well as reinvest in several older properties. Prior to the Fellowship, Hicks was a design professional in Richmond, Va., where she worked in construction and maintenance, and also served on the city’s Urban Design Committee. She holds a bachelor’s degree in architectural engineering from North Carolina A&T State University and a master’s in architecture from the University of North Carolina-Charlotte.
· Seema Kairam will be hosted by The Trust for Public Land, which works with urban communities across the United States to create parks and preserve public spaces for people to enjoy. Kairam will conduct research, collect case studies on how park development can successfully engage questions of housing equity and displacement, and test those ideas on the ground with local projects in St. Paul and Cleveland. Kairam holds a master’s in architecture and a bachelor’s in architecture from Yale University.
Since its launch in 2000, the fellowship has supported 73 fellows who have helped produce or preserve 11,000 affordable, sustainable homes and design more than 80 community spaces tailored to the specific needs of individual communities.