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COVID-19 Special Series Podcast: Mercy Housing Steve Spears - Leading Through COVID

Advancing Communities

Release Date: 04/29/2020

Private Equity Investors Seeking Windfall Returns at Y-15 - Opa-Locka CDC Wins Key Lawsuit in Florida show art Private Equity Investors Seeking Windfall Returns at Y-15 - Opa-Locka CDC Wins Key Lawsuit in Florida

Advancing Communities

In this episode of the Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley continues his three-part series examining a growing crisis in the affordable housing industry where private equity funds or other investors are seeking above windfall returns at Year 15.  By ignoring Right of First Refusal agreements and forcing owners to either make large payments to retain ownership or force a sale, these profit motivated investors are jeopardizing mission-focused organizations and our nation’s affordable housing stock.    ...

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Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer, Jim Peffley, with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities.  In this episode, Jim sits down with a panel to discuss CDFIs101, a virtual learning and networking series developed to bring young diverse professionals –...

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The Low-Income Housing Tax Credit (LIHTC) Program has been a significant source of new multifamily housing for more than 20 years, providing more than 2.2 million units of affordable rental housing. As LIHTC investments mature, however, the affordable housing industry is becoming alarmed at growing efforts by private equity and other investors to secure unplanned payments as a condition for exiting the investment, threatening the properties’ long term affordability and draining resources from mission-focused organizations.        In this episode of...

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In this episode of Cinnaire’s Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley is joined by NASLEF’s Bobby Rozen, a longtime advocate for affordable housing in Washington who was involved in the crafting of the original Low Income Housing Tax Credit (LIHTC) program in 1986 and has been closely involved with the evolution of the program over the past 30 years. Jim and Bobby discuss an alarming and growing trend in the LIHTC industry – efforts by private sector entities seeking to extract additional capital from owners or developers of affordable rental...

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This special edition of Advancing Communities is a recording of a webinar Cinnaire hosted this week highlighting the impact of the 2020 election on federal policy and what it means for the affordable housing and community development industries. The webinar featured Cinnaire CSO Jim Peffley along with Bobby Rozen from the National Association of State and Local Equity Funds and Shannon Ross with Housing Partnership Network.    Bobby and Shannon sit down with Jim Peffley to share their perspective as we enter a new administration highlighting how we can work together to...

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COVID-19 posed many challenges for affordable housing owners, managers, and tenants in 2020. In this Advancing Communities Podcast, Cinnaire CSO Jim Peffley checks in with Paul Spencer, President & CEO, KMG Prestige and Dana Hanchin, President & CEO, HDC MidAtlantic, two organizations actively engaged in the management of affordable rental properties in a number of states. Paul and Dana were guests on Episode 14 of our podcast in April, less than a month into the pandemic, where they discussed the challenges they anticipated facing and their plans to lead their...

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Black History Month may be over but Cinnaire's focus on honoring Black History and fostering social equity continues. Throughout 2021 we will continue to highlight the importance of investing in Black communities and the work that still needs to be done to move our industry and our nation toward racial equity. Since our nation’s founding, government and banks have systemically and structurally disenfranchised Black communities—from financial paths to entrepreneurship and homeownership. In this episode of Advancing Communities Podcast, Prosperity Now CEO Gary Cunningham discusses how...

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Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, guests, policy makers and others who are making an impact in the community development and affordable housing industries across the country. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities.    In this episode, Jim talks with Jim King, CEO & President of FAHE and Chrystel Cornelius, CEO at Oweesta...

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COVID-19 Special Series Podcast: Mercy Housing Steve Spears - Leading Through COVID show art COVID-19 Special Series Podcast: Mercy Housing Steve Spears - Leading Through COVID

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In this COVID-19 Special Series episode of Advancing Communities Podcast, Cinnaire CSO Jim Peffley talks with Steve Spears, CFO of Mercy Housing, a national nonprofit developer, manager, and lender of affordable housing properties. Jim and Steve discuss the challenges diverse organizations like Mercy Housing face and how they are navigating through the COVID crisis. This timely conversation addresses the biggest issues facing organizations in the affordable housing industry right now, including: Assessing COVID-19 risk and the impact on rental collections The impact on affordable...

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In this Special Series Episode of the Advancing Communities Podcast, Cinnaire CSO Jim Peffley digs deep into the impact of COVID-19 on CDFIs and the partners we serve. Five experienced CDFI leaders candidly share their strategies, best practices and experience on navigating and learning through COVID-19 and beyond. The podcast is a recording of a webinar and addresses frontline perspectives on: Experiences they are addressing with the crisis as leaders in the industry Perspectives on what they each learned from the financial crisis of 2008/2011 and how that learning applies to COVID-19...

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More Episodes

In this COVID-19 Special Series episode of Advancing Communities Podcast, Cinnaire CSO Jim Peffley talks with Steve Spears, CFO of Mercy Housing, a national nonprofit developer, manager, and lender of affordable housing properties. Jim and Steve discuss the challenges diverse organizations like Mercy Housing face and how they are navigating through the COVID crisis. This timely conversation addresses the biggest issues facing organizations in the affordable housing industry right now, including:

  • Assessing COVID-19 risk and the impact on rental collections
  • The impact on affordable housing deals in the development process
  • How lending for affordable housing is adapting to address COVID challenges
  • Applying learnings from the housing market collapse in 2008/2009 to the current market crisis