Eric Paine: Founder and CEO of Newport Beach, Calif.–based Community Development Partners, whose collaborative hard work brought an opening celebration for El Rancho Phase 2 - El Rancho Del Sol - here in The New Urban Downtown today, is gaining industry recognition for the company's innovative approach and record of success building equitable, attainable, affordable and attainable multi-family housing that inspires creative living.AHF Showcases Industry’s Rising Stars
Six individuals 40 and younger named 2017 Young Leaders.
Affordable Housing Finance is recognizing six individuals 40 and younger who are playing vital roles in the creation and preservation of affordable housing across the nation.Original source > Under 40 Industry Rising Stars
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| El Rancho Del Sol on East Main Street, Mesa AZ |
Since 2008, AHF has been honoring young men and women who are helping to build organizations and finding innovative ways to deliver affordable housing. The Young Leader award was created as a way to celebrate and support the development of a new generation of leaders.
Latest addition to CDP's portfolio is the tandem project El Rancho Del Sol, rising from the ground ahead of the expansion of Valley Metro Light Rail here in Mesa, AZ
Building For The Future
Community Development Partners http://communitydevpartners.com/ is a forward-thinking organization based in California and focused on meeting the housing needs of local citizens through the thoughtful planning and development of life-enhancing affordable communities.
Eric Paine brings more than an innovative approach to building attainable affordable housing, regenerating neighborhood and serving residents to inspire creative living. This start-up development company, which just completed its fifth year of operations in December, has brought more than a dozen affordable housing projects with almost 700 units serving families, seniors, chronically homeless, and veterans to communities in four states: Arizona, California, Nevada, and Oregon. _________________________________________________________________________
Communities
CDP has experienced tremendous success since launching in 2012 including the tax credit allocation on eleven LIHTC projects including new construction, renovation, 4% LIHTC with TEB, and 9% LIHTC projects in 4 states totaling over $175 million in development costs. CDP has experience navigating complex capital structures including a multitude of public funding sources. Currently, CDP is focused on projects for 2017 4% and 9% submittal rounds. CDP is also continuing to pursue new acquisitions in Western states.
CDP has experienced tremendous success since launching in 2012 including the tax credit allocation on eleven LIHTC projects including new construction, renovation, 4% LIHTC with TEB, and 9% LIHTC projects in 4 states totaling over $175 million in development costs. CDP has experience navigating complex capital structures including a multitude of public funding sources. Currently, CDP is focused on projects for 2017 4% and 9% submittal rounds. CDP is also continuing to pursue new acquisitions in Western states.
Holman 42
Portland, Oregon
Portland, Oregon
59 Apartment Units
$15,211,000
Tax Exempt Bond
Development
Development
Kaiser Preservation
Albany & Corvallis, Oregon
Albany & Corvallis, Oregon
120 Apartment Units
$15,962,000
Tax Exempt Bond
Development
Development
Meadows & Holly
Vacaville, California
Vacaville, California
82 Apartment Units
$22,216,000
Tax Exempt Bond
Development
Development
Fairhaven Gardens
Salem, Oregon
Salem, Oregon
87 Apartment Units
$17,811,041
Tax Exempt Bond
Development
Development
BGCG
Las Vegas, Nevada
Las Vegas, Nevada
201 Apartment Units
$28,193,000
Tax Exempt Bond
Development
Development
Rocky Hill Vets
Vacaville, California
Vacaville, California
39 Apartment Units
$21,126,000
Tax Exempt Bond
Development
Development
Alhambra
Mesa, Arizona
Mesa, Arizona
60 Beds Student Housing
$3,287,381
Historic Adaptive Reuse
Guest House
Santa Ana, California
Santa Ana, California
72 Apartment Units
$18,173,086
Tax Exempt Bond Development
Newport Veterans
Newport Beach, California
Newport Beach, California
12 Apartment Units
$6,125,000
Low Income Housing
Tax Credit Development
Tax Credit Development
El Rancho II
Mesa, Arizona
Mesa, Arizona
47 Apartment Units
$14,921,000
Low Income Housing
Tax Credit Development
Tax Credit Development
Butterfield Retirement
Morgan Hill, California
Morgan Hill, California
114 Apartment Units
$27,643,000
Tax Exempt Bond
Development
Development
Cascadian Terrace
Portland, Oregon
Portland, Oregon
103 Apartment Units
$7,525,000
Preservation
Acquisition
Acquisition
El Rancho del Arte
Mesa, Arizona
Mesa, Arizona
66 Apartment Units
$14,151,000
Low Income Housing Tax Credit Development
Cypress Senior Living
Glendale, California
Glendale, California
18 Apartment Units
$4,268,000
Low Income Housing
Tax Credit Development
Tax Credit Development
The Lodge
Morgan Hill, California
Morgan Hill, California
138 Apartment Units
$24,736,000
Tax Exempt Bond
Development
Development
The Marquee
Phoenix, Arizona
Phoenix, Arizona
34 Apartment Units
$4,567,000
Low Income Housing
Tax Credit Development
Tax Credit Development
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