LEADING LENDERS SECTION
We strive to serve as a dynamic tool in spreading
news of current developments and good works undertaken
in this sector. Our Leading Lenders section
is a valuable insight into the vital relationships forged
between lenders and developers within this market.
We aim to highlight the industry’s most trusted lenders
and the integral role they play in developing and
maintaining affordable housing for Americans today.
This section offers lenders the opportunity to highlight
some of the projects they are involved in and/or discuss
services provided, challenges surmounted or the
innovative finance solutions they bring to clients.
PIRHL Prioritizes Developments For Income-Restricted Residents
As part of a mission to provide quality housing for low-income residents, PIRHL, LLC (The Partnership for Income Restricted Housing Leadership) is involved with numerous housing efforts across the Midwest, Mid-Atlantic and Southeast regions of the country.
HUD ISSUES RULE FORMALIZING STANDARD ON DISCRIMINATORY EFFECTS IN HOUSING
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it is issuing a final rule to formalize the national standard for determining whether a housing practice violates the Fair Housing Act as the result of discriminatory effect.
“Through the issuance of this Rule, HUD is reaffirming its commitment to enforcing the Fair Housing Act in a consistent and uniform manner,” said HUD Secretary Shaun Donovan. “This will ensure the continued strength of one of the most important tools for exposing and ending housing discrimination.”
For years, HallKeen Management has successfully acquired, developed and managed affordable, conventional and mixed-income housing up and down the Atlantic coast. Now, the company is finishing up its $11 million Apartments at Ames Privilege development, a major rehab of a nineteenth century mill that was transformed into rental units about 30 years ago.
Celebrating its 30th anniversary this year, Enterprise is a national provider of development capital and knowledge that helps establish affordable housing and strengthen communities across the United States.
“When the company was founded 30 years ago, the design was to set up a social enterprise, which back then was not all that popular or even commonplace. It’s certainly becoming more popular today,” says Charlie Werhane, President and CEO of Enterprise Community Investment, Inc. “We were devised as an organization that would really have its own for-profit arm, in addition to a policy arm that focused on providing affordable housing to those most in need. We do believe that good, clean, affordable housing in good communities is really the bedrock for people moving up and out of poverty.”
Columbus Property Management (CPM) Housing Group was founded in 1988 with the expressed purpose of providing supported independent housing for adults living with chronic mental illness. Through new construction, rehabilitation and preservation projects, the organization has leveraged more than $125 million in funds to fuel an ongoing portfolio of distinguished projects.