Eric Paine CEO Community Development Partners Named Under-40 Industry Rising Stars 2017

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.

AFFORDABLE HOUSING FINANCE
AHF Showcases Industry’s Rising Stars
Six individuals 40 and younger named 2017 Young Leaders.

By Donna Kimura, Christine Serlin

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

El Rancho Del Sol on East Main Street, Mesa AZ

This year’s Young Leaders include developers, a low-income housing tax credit (LIHTC) syndicator, an attorney, and a consultant working with American Indian tribes to create or preserve affordable housing.
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

About Eric Paine and Community Development Partners

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. 
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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.

Holman 42
Portland, Oregon

59 Apartment Units

$15,211,000

Tax Exempt Bond
Development

Kaiser Preservation
Albany & Corvallis, Oregon

120 Apartment Units

$15,962,000

Tax Exempt Bond
Development

Meadows & Holly
Vacaville, California

82 Apartment Units

$22,216,000

Tax Exempt Bond
Development

Fairhaven Gardens
Salem, Oregon

87 Apartment Units

$17,811,041

Tax Exempt Bond
Development

BGCG
Las Vegas, Nevada

201 Apartment Units

$28,193,000

Tax Exempt Bond
Development

Rocky Hill Vets
Vacaville, California

39 Apartment Units

$21,126,000

Tax Exempt Bond
Development

Alhambra
Mesa, Arizona

60 Beds Student Housing

$3,287,381

Historic Adaptive Reuse

Guest House
Santa Ana, California

72 Apartment Units

$18,173,086

Tax Exempt Bond Development

Newport Veterans
Newport Beach, California

12 Apartment Units

$6,125,000

Low Income Housing
Tax Credit Development

El Rancho II
Mesa, Arizona

47 Apartment Units

$14,921,000

Low Income Housing
Tax Credit Development

Butterfield Retirement
Morgan Hill, California

114 Apartment Units

$27,643,000

Tax Exempt Bond
Development

Cascadian Terrace
Portland, Oregon

103 Apartment Units

$7,525,000

Preservation
Acquisition

El Rancho del Arte
Mesa, Arizona

66 Apartment Units 

$14,151,000

Low Income Housing Tax Credit Development

Cypress Senior Living
Glendale, California

18 Apartment Units

$4,268,000

Low Income Housing
Tax Credit Development

The Lodge
Morgan Hill, California

138 Apartment Units

$24,736,000

Tax Exempt Bond
Development

The Marquee
Phoenix, Arizona

34 Apartment Units

$4,567,000

Low Income Housing
Tax Credit Development