Wednesday, November 08, 2017

Profile of Eric Paine, CEO Community Development Partners


Blogger Note: Taken from October 2017 Issue of AFFORDABLE HOUSING FINANCE
Deep Thinker
Eric Paine leads Community Development Partners with perseverance and passion to build attainable affordable multi-family housing that inspires creative living that is equitable and inclusive.
[Image taken by MesaZona blogger yesterday at Grand Open Celebration here in Mesa, AZ for El Rancho Phase 2: El Rancho Del Sol]                             
Eric Paine took a big leap in starting his own affordable housing development firm. With a background in market-rate housing and home building, he decided to dig in and learn more about the affordable side of the industry. Then, at the end of 2011, he started Newport Beach, Calif.–based Community Development Partners (CDP) with his brother, Kyle.
Link > http://www.housingfinance.com/management-operations/deep-thinker_o
“There was so much inspiration,” the 37-year-old says. “I thought affordable housing would be a great place to start with a tax credit equity structure and with it being mission based.”
The move has been a success. CDP completed its fifth full year of operations in December, developing 11 projects with almost 600 units in Arizona, California, Nevada, and Oregon.
“Being a start-up is difficult,” Paine says. “Perseverance and passion: That’s what got us where we are.”
CDP is committed to thinking outside the box on its developments, keeping innovation at the forefront.
A recent example is its Rocky Hill Veterans Housing development in Vacaville, Calif. The 39-unit community is being built with modified steel shipping containers.
“There have been a lot of learning curves, but we’re really happy we decided to make the investment of time, energy, and resources to see a new type of construction through to fruition,” he says. “Our investment will hopefully yield a less-expensive product going forward.”
(Image credit: Douglas GatesEric Paine, founder and CEO, Community Development Partners.)
Looking back at what’s been accomplished so far, Paine says he feels the firm is in a good place in terms of the quantity, quality, and integrity of its developments. However, he adds, there’s room for improvement diving deeper on the services side and resident coordination. “We’ll be looking more at the back end and how we can improve the lives of our residents,” he says.
Paine and his partner, Kate, have a son and split their time between California and Oregon. He also sits on the boards of two nonprofits, the Ecology Center in San Juan Capistrano, Calif., and Alberta Main Street in Portland, Ore.
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Blogger Note: It hasn't always been easy to build attainable and affordable housing, even in the company's home town where NIMBYs frequently resist
Original Source > LA Times
Angry residents shout as city OKs $2M for affordable housing project in Newport Shores
Hannah Fry in Daily Pilot
". . . the allocation that drew opposition was a $1.97 million grant to Community Development Partners for the firm to acquire and rehabilitate a 12-unit apartment building in Newport Shores and convert it for affordable housing.
The money dispersed Tuesday is part of a fund that housing developers could pay into if they were unable to build affordable housing into their projects to comply with state mandates, according to city staff.
Several Newport Shores residents objected to the city putting money toward the project at 6001 Coast Blvd. for seven affordable-housing units for veterans and five for low-income seniors. Preference would be given to seniors who also are veterans. . . Some of the project's critics cited the high cost of developing in Newport Shores rather than in than another area of the city where the money would stretch further to cover more housing units. Others expressed concerns about the development's close proximity to a neighborhood park, alleging that the housing project would change the character of the community. . .
Newport Beach officials began requesting proposals years ago from organizations and housing operators in need of funds to improve or expand the number of affordable units in the city, according to city staff.
Paine said he and his brother, both longtime Newport residents who run Community Development Partners, felt compelled to answer the city's request.
"We feel that we can provide a superior product and service to that portion of the population," Paine said. "We had targeted veterans specifically, knowing they were underserved in Newport Beach."
Councilman Tony Petros, who represents the Newport Shores area, scolded Community Development Partners for what he felt was inadequate public outreach on the project to ensure that residents were comfortable. But he said that does not diminish the project's benefits.
"This is something that will add certainty to the Shores area," Petros said. "If anything, it will create an opportunity for us to get alongside those who have made the ultimate sacrifice for us — veterans and seniors

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.
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
CDPCDP 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

Tuesday, November 07, 2017

Grand Opening Today > El Rancho Del Sol

FOR IMMEDIATE RELEASE
Community Development Partners Opens El Rancho Del Sol
Setting High Standards Well-Designed Attainable Affordable Housing 
Mesa, AZ November 7, 2017. Today Community Development Partners celebrated the Grand Opening with a ribbon-cutting ceremony at 659 and 701 East Main Street followed by a Community Street Party and property tours afterwards.
More about CDP > http://communitydevpartners.com/news/
El Rancho Del Sol was last featured on this blog site with some more information that readers can access with this link . More posts and photographs on here + social Media.
The program began with an introduction by Eric Paine, CEO Community Development Partners, followed by brief comments from Mesa Mayor John Giles, Carol Ditmore, Director of Arizona Department of Housing and Local First Arizona/Fuerza Local Deputy Director Tom Barr.
[Read more about CDP CEO Eric Paine in a follow-up right after this post]
The two buildings on Main Street are attainable, inclusive and affordable housing with 47 units serving workforce families and households earning 40-60% of the Average Medium Income. The project that was designed and planned to inspire creative living with 26 two-bedroom units, 11 three-bedroom units, and 10 four-bed units.
As a complimentary to El Rancho Del Arte, both are designed from the get-go to enhance the lives of residents and the community by incorporating into  the well-designed architectural environment on-site services for the families living here, as well as an indoor exercise room and business center, with a media learning lab for everyone.
>A New Leaf if providing resident support services
> Local First Arizona will provide an on-site micro enterprise accelerator
> The Cultural Coalition will continue to provide an ongoing arts-based programming both for children and adults, as well as after school programs
> We Cycle and Garden Pool are also operating ground level spaces offering unique services
The project is expecting to achieve LEED Platinum certification when solar installations are finished on the rooftops, after an unexpected delay.
Marty Moran and Christian Hume were up on the roof yesterday going over some last-minute details for rooftop gardening areas and for an outdoor recreation and barbecue area. Nice view!
Designed by Perlman Architects and built by Ryan Construction Company, extensive and highly visible-to-inspire public art components by local and internationally-recognized artist Zarco Guerrero are utilized up-and-down on the interior stairways and entryways to both buildings.
Both properties of El Rancho Phase I and El Rancho Phase II are manger by Celtic Property Management. Both are 100% occupied with waiting lists for attainable/affordable housing here in Mesa.
The project was partially financed by the sale of 9% LIHTC awarded by the Arizona Department of Housing. The tax credit investor is Alliant Capital.
A construction and permanent loan from Chase Bank, HOME and Housing Trust Funds from ADOH, a HOME loan from the City Of Mesa, and a acquisition/pre-development loan from Local Initiatives Support Corporation (LISC) financed the remaining project costs.
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AFFORDABLE HOUSING FINANCE
AHF Showcases Industry’s Rising Stars
Six individuals 40 and younger named 2017 Young Leaders.
  

NEWS ABOUT COMMUNITY DEVELOPMENT PARTNERS
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. 

 
News
Eric Paine Named One of American Housing Finance’s 2017 Young Leaders – AHF 2017-08-29
Community Development Partners Set For Move-Ins @ El Rancho Del Sol – MesaZona 2017-06-12
Seems just like yesterday there was a new shovel-ready dig on ground here in The New Urban Downtown Mesa for Phase 2 of El Rancho del Arte. The groundbreaking ceremony took place on October 17, 2016 at 659 E Main Street. The keynote speaker was Arizona Department of Housing Director Michael Trailor, along with Kimber […]
Community Development Partners Aims to Reach 1,000-Unit Portfolio in 2017 – AHF 2017-04-11
CDP Climbs the 2016 AHF Top 50 Affordable Housing Developers List – AHF 2017-04-11
Nearly 1,500 affordable housing units on the horizon in Santa Ana – The OC Register 2017-04-13
Innovative Veterans Development Breaks Ground – AHF 2017-04-07
Ground Broken for Veterans Housing in Vacaville – The Reporter 2017-04-07
Innovative Rocky Hill Veterans Development Breaks Ground – AHF 2017-04-07
AFFORDABLE HOUSING FINANCE Innovative Veterans Development Breaks Ground Shipping containers will be used to provide 39 affordable homes in Vacaville, Calif. By Donna Kimura Rocky Hill Veterans Housing will be one of the most unique developments built this year. The 39-unit community is utilizing modified shipping containers in its design to deliver new affordable housing […]
Price tag of homelessness in Orange County is nearly $300 million, UCI study finds 2017-03-16
Orange County would save $42 million a year in health care, law enforcement and other expenses by placing people who chronically live on the streets into housing, according to a first-ever countywide study of the costs of homelessness. The study, conducted by UC Irvine researchers and released in summary form Tuesday, aimed to pinpoint how […]
CDP Expands West Coast Portfolio – Multi-Housing News 2017-03-10
CDP Expands West Coast Portfolio by Adina Marcut Las Vegas Portland MAR 10 2017 The company plans to renovate unit interiors and building systems. Las Vegas and Portland, Ore.— Community Development Partners (CDP) is closing three new affordable, multifamily properties: Baltimore Gardens and Cleveland Gardens in Las Vegas and Viking Village in Salem, Ore. Baltimore […]
 

BrightStar 4 :: The Greatest Threat

HUH????????????????
Polar Orbit North Pole
Published on Nov 7, 2017
Views: 20,811
All Links @ http://www.BPEarthWatch.Com Recorded in 720 HD

Council Study Session Mon 06 Nov 2017


Published on Nov 6, 2017

City Council Meeting Mon 06 Nov 17

Less than 10 views
Published on Nov 6, 2017

Mesa City Council Study Session Thu 02 Nov 2017

The usual quick-and-fast once-over of the agenda + a cast of ladies

Zelensky Calls for a European Army as He Slams EU Leaders’ Response

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