LOS ANGELES, June 4, 2019 – Hunt Capital Partners announced today that Sulzbacher Village has won the Affordable Housing Tax Credit Coalition’s 2019 Charles L. Edson Tax Credit Excellence Award in the special needs category. Hunt Capital Partners Managing Director Carl Wise and Sulzbacher CEO Cindy Funkhouser accepted a commemorative plaque for the development at today’s Edson Awards Ceremony on Capitol Hill in Washington D.C. Members of Congress, business executives and housing leaders, attended the ceremony to congratulate the award recipients.
Developed by The Vestcor Companies, sponsored by Sulzbacher and syndicated by Hunt Capital Partners, Sulzbacher Village provides 70 low-income housing tax credit (LIHTC) units for homeless women, female veterans, children and families in Jacksonville, Fla. The 92,000 square foot campus also offers 54 non-LIHTC units comprised of 36 short-term stay units for women, 10 respite units for women recently released from local hospitals, and eight units for homeless veteran women. Sulzbacher Village provides an array of state-of-the-art amenities, including a 7,000 square foot health center, a therapeutic early learning center, computer lab, children’s library, playground, commercial kitchen, mobile food pantry, education programs, employment assistance resources and many more services to its residents. In an outpouring of community support, 500 volunteers worked for three weeks to assemble one thousand pieces of furniture for the new homes for Sulzbacher Village’s grand opening in May 2018.
“This year’s Edson Award recipients are among the most innovative developers, investors, builders and facilitators of low-income housing developments nationwide,” said AHTCC President Michael Gaber. “It is important to recognize their commitment and achievements at a time when the need for affordable housing is reaching crisis levels.”
“Communities across the country continue to count on the work of organizations like our 2019 Edson Award winners to create affordable homes,” said AHTCC Executive Director Emily Cadik. “Affordable housing is needed in every part of the country.”
“We are honored that Sulzbacher Village has been selected for such a prestigious award,” said Hunt Capital Partners Executive Managing Director Dana Mayo. “We are proud to provide tax credit equity financing for a development that offers affordable housing to women and children, who represent that fastest growing groups within the homeless population. We also thank our partners, The Vestcor Companies and Sulzbacher, for their tremendous work to bring this development to fruition.”
Now in its 25th year, the Edson Awards, spearheaded by the Affordable Housing Tax Credit Coalition, recognizes outstanding LIHTC developments at the forefront of creating stronger, healthier communities and boosting economies in urban, suburban and rural areas across the country. The annual Edson Awards are named for Charles L. Edson, an affordable housing luminary who was the transition director for the U.S. Department of Housing and Urban Development (HUD) under President Carter. Edson served in the Office of the General Counsel at HUD and served as co-editor-in-chief of Housing and Development Reporter for nearly 40 years.
For more information about Sulzbacher Village as a 2019 Edson Award winner, please visit www.taxcreditcoalition.org.
About Hunt Capital Partners
Hunt Capital Partners (HCP) is the syndication division of Hunt Companies, Inc. (Hunt). HCP specializes in the syndication of Federal and State Low-Income Housing, Historic and Solar Tax Credits. Since the successful launch of its first fund in the fall of 2011, HCP has raised over $1.7 billion in tax credit equity. Founded in 1947, Hunt is a privately held company that invests in businesses focused in the real estate and infrastructure markets. The activities of Hunt’s affiliates and investors include investment management, mortgage banking, direct lending, loan servicing, asset management, property management, development, construction, consulting and advisory. For more information on Hunt Capital Partners, please visit www.huntcapitalpartners.com, or for Hunt Companies, please visit www.huntcompanies.com.