Advancing Communities Cinnaire

Cinnaire’s Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bring together thought leaders, policy makers, and others to discuss issues, share strategies and provide resources to professionals working in the field of asset management (AM).
In this month’s podcast, April and Miranda invite Kristin Bolan, manager, special and stabilized assets, Cinnare, to discuss how asset managers identify emerging risks and work to stabilize troubled assets. 
Kristin has been with Cinnaire for six years, where she has served as an asset manager, special assets/stabilized assets and now oversees Cinnaire’s stabilized equity portfolio including special assets and their asset managers.
In this podcast, you’ll learn:
Steps to identify an emerging risk What triggers a project to get on the watchlist How to stabilize an asset to emerge off the watchlist. The importance of having a proactive asset management team with open communications among partners  

Cinnaire’s Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bring together thought leaders, policy makers, and others to discuss issues, share strategies and provide resources to professionals working in the field of asset management (AM).
In this month’s podcast, April and Miranda invite Joseph Hankes, Senior Asset Manager for the Wisconsin Housing Preservation Corp. to talk about asset management from the developer's perspective. As a senior asset manager, Joseph is responsible for developing and maintaining strategic asset management, financial management, and risk management activities for WHPC, the largest owner of affordable rental housing in the State of Wisconsin.
In this podcast, you’ll learn about:
    •    The importance of collaboration between the asset management team and the development team, particularly in the early stages of development
    •    What to consider when assessing risk levels from the construction phase through lease-up
    •    What demarcates the construction phase from the lease-up phase
    •    The importance of monitoring actual outcomes vs. projections to ensure compliance, particularly in the first year.
    •    How to develop contingency plans if compliance is endangered
    •    And how a Tik Tok challenge sparked an asset management crisis.
On the next episode of AM with A&M, April and Miranda will discuss emerging risk and special assets.
About Our Moderators:
April is an asset manager for Cinnaire’s special assets and Miranda is an asset manager for construction and lease up. Together they have over 22 years of experience working in affordable housing, specifically with property and asset management. 
To listen to Advancing Communities Podcast, click below for:
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Joe Hankes’s bio – Episode 3
Joseph is a Senior Asset Manager for the Wisconsin Housing Preservation Corp., a nonprofit affordable housing owner and developer with assets of $620M consisting of over 8,993 units located throughout the State of Wisconsin. In his role he is responsible for developing and maintaining strategic asset management, financial management, and risk management activities for the company’s portfolio. He helps oversee portfolio performance, stakeholder reporting, and insurance administration. Working with external and internal partners, his responsibilities include oversight of third-party management companies, capital planning, and refinancing/disposition of assets.
Joseph received a BA in General Management from the University of Wisconsin - Whitewater.  He is also a Certified Asset Manager (CHAM) and holds a Novogradac Property Compliance Certification (NPCC). Joseph enjoys spending time with his family, traveling, hiking, reading, basketball and cooking. He lives in Beaver Dam WI with his wife, son, and daughter.

Cinnaire’s Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bringing together experts in the asset management industry to discuss issues, share strategies and provide resources to professionals working in the AM field 
In this month’s podcast, April and Miranda invite Beth Baar, Manager, Construction & Lease Up with Cinnaire to explain the vital role Asset Management plays within the affordable housing industry. She discusses the importance of having open conversations with partners to identify issues and solutions that will be productive and meaningful for all.  
 
As a syndicator, Cinnaire balances the needs of both investors and developers to ensure compliance of Section 42 program tax credit investments for affordable housing. In this podcast, you’ll learn:  
How asset management is related to syndication;   How AM’s construction and lease Up teams work to mitigate risks to ensure a project maintains LIHTC compliance during the building process;  The value of selecting an experienced contractor and property manager;  The importance of managing the project once it’s determined to be a stabilized asset;   The role of the asset manager throughout the 10- to15-year compliance period;  The challenges facing the real estate industry due to skyrocketing insurance rates.     
About Our Moderators: 
April is an asset manager for Cinnaire’s special assets and Miranda is an asset manager for construction and lease up. Together they have over 22 years of experience working in affordable housing, specifically with property and asset management.  
To listen to Advancing Communities Podcast, click below for: 

Introduction to Asset Management with April and Miranda
 
In their new series on Cinnaire's Advancing Communities podcast, AM With A&M, April Priebe (A) and Miranda Bialk (M) will be introducing listeners to the world of asset management (AM). April is an asset manager for Cinnaire’s special assets and Miranda is an asset manager for construction and lease up. Together they have over 22 years of experience working in affordable housing, specifically with property and asset management.
 
The AM With A&M podcast is designed to discuss issues, share strategies and provide resources to professionals working in the AM field. Topics will include an introduction to the fundamentals of AM, how to manage troubled or stressed assets, and how to view AM through the syndicator’s lens.
 
Each month, April and Miranda will be inviting leaders in the industry to share their insights. During the next podcast, they will be sitting down with Beth Baar, Cinnaire’s manager of construction and lease up.
 
Follow Cinnaire on social media to learn about upcoming podcasts.
 
To listen to Advancing Communities Podcast, click below for:
 
Apple Podcasts
Google Podcasts

 

Cinnaire’s Advancing Communities Podcast 2023 Episode 2 brings together Monty Childs, Senior Vice President, Cinnaire, with thought leaders, policy makers, and developers who are making an impact on the community development and affordable housing industries.
In this episode, Monty moderates a panel discussion on how Housing Authorities can reposition and restructure their portfolios to make them more affordable and successful. Panel experts include Peter Levavi, Executive Vice President, Brinshore Development; Karly Brinla,
VP of Development, Brinshore; Ron Clewer, Illinois Market President, Gorman USA; and Amber Skoby, HPS Consulting Leader, D3G. The panelists discuss how Housing Authorities can leverage Section 8 funds, RAD Section 18 Demo/Dispo and RAD Section 18 Blend to
increase predictability in financing and rent adjustments. Traditionally, the federal government has underfunded Section 9. By converting to Section 8, housing projects can generate a more reliable funding stream, be used to raise debt and equity and in some cases result in
higher funding. Representatives from Brinshore, Gorman and D3G described projects
they have successfully converted to RAD, detailing how they were able to extend capital funds and even transfer assistance to a new construction site. To listen to Advancing Communities Podcast on Repositioning Public Housing, click below for:
 Google Podcasts (2023 Podcast: Episode 2)
 Apple Podcasts (2023 Podcast: Episode 2)

The Advancing Communities Podcast features Cinnaire team members conversations with thought leaders, policy makers and others who are making a difference in the community development industry. 

In this episode, Chris Neary, Cinnaire SVP Policy, Research and Advocacy, sits down with Richard Rothstein, the author of two important books -- The Color of Law: a Forgotten History of How our Government Segregated America, and a new book Just Action: How to Challenge Segregation Enacted Under The Color of Law. 

In The Color of Law, Richard provided a convincing and authoritative history of how explicit government policies at the federal, state, and local levels drove residential segregation on the basis of race. He also demolished the “de facto” segregation myth – still held by many – that racial segregation in our neighborhoods is the result of choices being made outside the law. His new book, Just Action, co-authored with his daughter and policy expert Leah Rothstein, provides a blueprint for starting to reverse this harmful legacy. While acknowledging that doing so will not be easy and will require a new civil rights movement, Richard and Leah Rothstein have given us both an inspirational call to action and some concrete steps that we all can take to get started in our own communities. 

At Cinnaire, many of the communities we serve are highly segregated, and we know that our partners share our commitment to creating healthier communities for all people. We hope that this conversation will help educate and inspire you to take action on that shared commitment.