Columbus, Ohio—Red Capital Markets LLC, the investment banking arm of comprehensive capital provider RED CAPITAL GROUP, LLC, announced that Tracy W. Peters has joined the National Housing & Rehabilitation Association (“NH&RA”) Board of Directors.
NH&RA is a professional association of individuals who are experts in their fields and are involved in affordable housing, historic rehabilitation and New Markets Tax Credit development. The NH&RA association meets quarterly and its board provides guidance on meeting programming, policy positions and organizational priorities. Board membership is by invitation only.
Peters serves on RED’s leadership committee and co-heads its Affordable Housing Group, which provides financing through FHA, Fannie Mae DUS®, proprietary capital lending and servicing, and bond structuring and underwriting expertise. He joined RED’s predecessor entity in 1993 as a specialist in structuring bond underwriting and placement issues for apartment projects enhanced primarily with FHA Mortgage Insurance/GNMA Mortgage-backed Securities or Fannie Mae Mortgage-backed Securities. His expertise with affordable housing transactions over the years has extended to numerous bond and tax credit financings where Peters served as the lead banker, including Section 236, Section 202, New Issue Bond Proceeds, and mark-to-market refinance transactions involving FHA insured loans, Fannie Mae enhancement, and letters of credit. Peters also was instrumental in structuring one of the nation’s first tax-exempt bond/taxable GNMA issues, an innovative structure in affordable housing, and he has worked with and advised local housing authorities, non-profit developers, for-profit affordable housing developers, and seniors housing providers on capital structures and financing. Peters is a frequent speaker at industry events, based on his leadership in and ongoing commitment to the affordable housing industry.