<![CDATA[Roeder & Company, LLC - News]]>Mon, 20 Jun 2016 23:24:07 -0700Weebly<![CDATA[Jack Lenox Joins Advisory Board]]>Tue, 23 Feb 2016 21:32:00 GMThttp://rroeder.com/news/-jack-lenox-joins-advisory-boardRoeder & Company welcomes the addition of Jack Lenox, Coquille Indian Tribal Member, to its Advisory Board.  Mr. Lenox is the CEO of JHL Consulting Group, the Chairman of the Board of Directors for the Native American Business Network (ONABEN), and also serves on the Board of Directors for the Affiliated Tribes of Northwest Indians Economic Development Corporation (ATNI EDC). A native Oregonian, Mr. Lenox has considerable experience in community outreach and economic development.

​“Roeder & Company is thrilled to announce the addition Jack to our Advisory Board,” said Reynold Roeder, CEO of Roeder & Company, LLC. “His ties to the American Indian community will enable us to more effectively promote economic development in Native communities and support the growth of Native-owned businesses throughout Oregon.” Mr. Lenox will join Robin Boyce, Matt Burton, Kevin Campbell, Victor Merced, Gary Neal, and Norm Winters on Roeder & Company’s Advisory Board.


For further information, call 503-641-5457.]]>
<![CDATA[ Federal New Markets Tax Credit financing closes for Heritage University campus expansion]]>Fri, 18 Dec 2015 18:11:47 GMThttp://rroeder.com/news/-federal-new-markets-tax-credit-financing-closes-for-heritage-university-campus-expansionRoeder & Company, LLC announces the closing of a $10 million Federal New Markets Tax Credit (NMTC) financing for Heritage University’s campus expansion in Toppenish, Washington. Roeder & Company sourced the allocation from Dakotas America, LLC.

Heritage is a private, non-profit university serving rural and low-income students, many of them the first in their families to attend college.  The university has a three-phase strategic plan in place to increase the undergraduate population from 800 currently to 2,000 students over the next five years by constructing new buildings on campus, expanding scholarship support and enhancing academic programs and student services.  The NMTC net derived benefit was used to complete the funding of Phase II, which involves the construction of two new buildings on campus that will expand its health science curriculum and provide administrative offices for current and to-be-hired faculty.

Heritage serves communities where rates of higher education attainment by people over the age of 26 is only 8% as compared to the national average of 25%.  These students may take longer than average to complete college because they need pre-college coursework, or they may need flexible class schedules to accommodate lifestyles that often already include family and work.  These facts sometimes make it more difficult for the university to finance capital projects as Heritage cannot raise revenue because tuition rates need to remain affordable for the low-income community. 

“Heritage provides the support and encouragement necessary to guide students to graduation, and this project will greatly enhance our ability to reach more individuals in the low-income community,” said Dr. John Bassett, President of Heritage University. “Removing barriers is a core tenet of our day-to-day decisions, and the NMTC financing removed any remaining barriers to achieving our Phase II strategic goals.”

“We worked nearly two years with the university and its staff to locate and close allocation for this project,” said Roeder & Company CEO Reynold Roeder. “This one was especially rewarding as it aligns so well with our mission to facilitate investments in low-income communities that increase opportunities for education and technical training,”

For more information about Heritage University, please visit www.heritage.edu.

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<![CDATA[Norm Winters Joins Advisory Board]]>Mon, 16 Nov 2015 21:20:58 GMThttp://rroeder.com/news/norm-winters-joins-advisory-boardRoeder & Company welcomes the addition of Norm Winters to its Advisory Board.  Mr. Winters is the Senior Vice President for Government Guaranteed Lending for Old West Federal Credit Union. He has over 35 years of lending experience in asset-based lending, leveraged leases, project financing, and mergers and acquisitions.

“The addition of Norm to our Advisory Board strengthens our connection to rural Oregon with his extensive record funding projects throughout the eastern part of the state,” said Reynold Roeder, CEO of Roeder & Company, LLC. Mr. Winters will join Robin Boyce, Kevin Campbell, Victor Merced, Gary Neal, and Matt Burton on Roeder & Company’s Advisory Board.

For further information, call 503-641-5457.

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<![CDATA[Robin Boyce Joins Advisory Board]]>Fri, 22 May 2015 20:19:59 GMThttp://rroeder.com/news/robin-boyce-joins-advisory-boardRoeder & Company welcomes the addition of Robin Boyce to its Advisory Board.  Ms. Boyce is the Executive Director of the Housing Development Center, a nonprofit consulting organization the provides affordable housing development, asset management training and technical assistance, and affordable housing policy research and development. Ms. Boyce is also Executive Director of the HDC Community Fund, HDC’s related Community Development Financial Institution, which provides loans to mission-driven developers of community facilities and affordable housing.

 “Robin has over 30 years of experience serving low-income communities. Adding her to our Advisory Board deepens our expertise in mission-driven development,” said Reynold Roeder, CEO of Roeder & Company, LLC. Ms. Boyce will join Kevin Campbell, Victor Merced, Gary Neal, and Matt Burton on Roeder & Company’s Advisory Board.

For further information, call 503-641-5457.

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<![CDATA[Oregon New Markets Tax Credit financing closes for Coquille Indian Tribe acquisition of ancestral timberland]]>Fri, 08 May 2015 15:49:39 GMThttp://rroeder.com/news/oregon-new-markets-tax-credit-financing-closes-for-coquille-indian-tribe-acquisition-of-ancestral-timberlandRoeder & Company, LLC and Enhanced Community Development announce the closing of an $8 million Oregon New Markets Tax Credit (NMTC) financing for the Coquille Indian Tribe’s re-acquisition of 3,185 acres of timberland in rural Curry County, Oregon.  This land is part of the ancestral homeland of the Coquille Tribe and the acquisition of the land contributes to the Tribe’s long-term vision and plan for economic self-sufficiency and cultural revitalization.  The land is also very significant from a conservation perspective as it provides critical habitat for chinook salmon spawning.

In addition to Oregon NMTCs, the Tribe received a significant allocation of Federal NMTCs from Ecotrust, a national Community Development Entity (CDE) headquartered in Portland, Oregon.  The Oregon and Federal NMTC financings enabled the Tribe to purchase the land, hire five low-income individuals, and implement a forest management plan certified by the Forest Stewardship Council.

“This acquisition is culturally significant for us as the acreage is part of our Tribe’s ancestral homeland,” said George Smith, Executive Director of the Tribe.  “The NMTC net benefit has helped us give our members an opportunity to reconnect to that land.”

 “NMTCs were essential in this transaction, as the Tribe would not have been able to complete the acquisition with traditional market-rate financing.  The net benefit from these tax credits has enabled the Tribe to expand its timber holdings by 60 percent,” said Roeder & Company CEO Reynold Roeder.

For more information about the Coquille Indian Tribe, please visit www.coquilletribe.org. 


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<![CDATA[Historic and New Markets Tax Credit financings close for landmark Thomas Jefferson Tower]]>Fri, 06 Feb 2015 20:30:15 GMThttp://rroeder.com/news/historic-and-new-markets-tax-credit-financings-close-for-landmark-thomas-jefferson-towerRoeder & Company, LLC announces the closing of state historic tax credits, federal historic tax credits, and federal new markets tax credits financings for the Thomas Jefferson Tower in Birmingham, Alabama. Roeder & Company sourced $6.5 million in Federal NMTC allocation from Brownfield Revitalization, LLC and $3.5 million in federal historic tax credit equity for the rehabilitation of the Thomas Jefferson Tower. The project also received $3.8 million in state historic tax credit equity.

Reed Realty Advisors and its partners will transform the 19-story Thomas Jefferson Tower from a vacant and deteriorating historic landmark into a unique entertainment and event venue in a rejuvenated downtown area in Birmingham.  Project plans include renovation and redevelopment of the 160,000 square-foot Thomas Jefferson Tower complex into a building with 96 apartment units (of which 21 are reserved for affordable housing) and 25,000 square feet of commercial space including a 14,000 square-foot indoor/outdoor event space with a restored ballroom, dining rooms, private terrace, and rooftop pool/entertainment deck. Due to the net benefit from the tax credit financings, the developer team can incorporate affordable housing and healthy food access as components of the $16 million rehabilitation and renovation.

“The tax credit financings will enable us to meet two very apparent needs of the neighborhood,” said Scott Reed, founding principal of Reed Realty Advisors. “Birmingham has a vacancy rate of 1%, making it difficult for residents of the community to secure housing. There is also a lack of grocery stores in the immediate area, so we used some of the tax credit funding and dedicated it toward establishing a food co-op delivery center so the community can have ready access to affordable and nutritious produce.”

“We have been working with the developer team for nearly a year to bring this financing package together. The complexity of bringing together three sources of tax credit financing proved a significant challenge, however, these programs made it possible for the project to address some of the most pressing needs of the low-income community,” said Reynold Roeder, CEO of Roeder & Company, LLC.

Construction on the Thomas Jefferson Tower will begin in February 2015, and is expected to be complete by December 2015. Reed Realty Advisors, LLC, provides a full range of real estate consulting, asset management, and construction consulting services to some of the country’s largest public and private real estate owners and investors with offices in Los Angeles, San Jose, and Portland. For more information about Reed Realty Advisors, please visit www.reedrealtyadvisors.com.

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<![CDATA[Updates on Salvation Army Female Emergency Shelter improvements funded by Oregon NMTCs]]>Tue, 06 Jan 2015 17:36:37 GMThttp://rroeder.com/news/updates-on-salvation-army-female-emergency-shelter-improvements-funded-by-oregon-nmtcsThe article at the following link contains several exciting updates on the Salvation Army Female Emergency Shelter (SAFES) capital improvements that were funded through an Oregon NMTC transaction that closed in June 2014, as well as some key insights into the specific needs of homeless women in Portland: http://news.streetroots.org/2015/01/06/more-shelter-storm-safes-prepares-expand-housing-opportunities-women.]]><![CDATA[Kevin Campbell Joins Advisory Board]]>Fri, 02 Jan 2015 02:47:49 GMThttp://rroeder.com/news/kevin-campbell-joins-advisory-boardRoeder & Company welcomes the addition of Kevin Campbell to its Advisory Board.  Mr. Campbell is the Finance Director of Union Gospel Mission - Portland.  “Kevin has extensive experience serving the most vulnerable residents of low-income communities in Portland during his 22 years with Union Gospel Mission.  Adding him to our advisory board will help us better serve the most disadvantaged populations in Oregon,” said Reynold Roeder, CEO of Roeder & Company, LLC.  “Kevin worked with me on the NMTC financing for Union Gospel Mission’s Life Change Center in 2007.  He has experienced the complete NMTC cycle from original investment to exit.”  Mr. Campbell will join Victor Merced, Robert McGill, Gary Neal, Matt Burton, and Robert McKean on Roeder & Company’s Advisory Board.

For further information, call 503-641-5457.

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<![CDATA[Oregon New Markets Tax Credit financing closes for Pacific Recycling, Inc. shredder facility]]>Wed, 31 Dec 2014 00:02:54 GMThttp://rroeder.com/news/oregon-new-markets-tax-credit-financing-closes-for-pacific-recycling-inc-shredder-facilityRoeder & Company, LLC and Enhanced Community Development announce the closing of an $8 million Oregon New Markets Tax Credit (NMTC) financing for Pacific Recycling Inc.’s installation of an industrial shredder on a parcel of land adjacent to their existing scrap metal recycling facility in Eugene, Oregon.

Pacific Recycling, Inc. (PRI) was founded in 1985 by Rod Schultz, who launched PRI after growing up in the scrap industry.  The NMTC financing leveraged previous investments made in the shredder complex, generating funds that will be utilized to finish the installation of the supporting shredder infrastructure.  This large capital investment will enable PRI, as a small business, to become more competitive in the scrap metal recycling industry.  The NMTC net benefit will also be used to hire and train residents of the surrounding low-income community to operate the shredder and related equipment.

“The completion of our shredder project establishes PRI as a long-term player in the industry, and it would not have come to fruition without NMTC financing and the assistance we received from Roeder & Company,” said Rod Schultz, CEO of PRI.   

“The PRI transaction demonstrates the flexibility inherent in the NMTC program.  There were a multitude of leases, lenders, and regulators in this transaction and that created some hurdles.  However, as a team we were able to structure within each party’s constraints and successfully close the NMTC financing,” said Roeder & Company CEO Reynold Roeder.

The shredder is expected to commence operation in February 2015.  For more information about PRI, please visit www.pacificrecyclinginc.net.]]>
<![CDATA[State and Federal New Markets Tax Credit financing closes for three of Hacienda CDC’s capital projects]]>Thu, 13 Nov 2014 19:09:22 GMThttp://rroeder.com/news/state-and-federal-new-markets-tax-credit-financing-closes-for-three-of-hacienda-cdcs-capital-projectsRoeder & Company, LLC and Enhanced Community Development announce the closing of a $7.1 million Oregon New Markets Tax Credit (NMTC) transaction to help fund the construction of a new administrative headquarters building, a new Latino public market, and the rehabilitation of an existing community center. Roeder & Company also sourced $10 million in Federal NMTC allocation from Raza Development Fund for the project.

Hacienda CDC, a Latino Community Development Corporation that strengthens families by providing affordable housing, homeownership support, economic advancement and educational opportunities, is using the State and Federal NMTC net benefit to complete the funding necessary to construct a new headquarters building and the Portland Mercado, as well as rehabilitate the aging Baltazar Ortiz Community Center. The combined State and Federal NMTC financing will also generate funds that will be utilized to build Hacienda’s agency capacity to further serve families in the low-income communities surrounding the aforementioned three projects.

“Without the financing provided through the New Markets Tax Credit Program, Hacienda would not have been able to complete these projects in 2015,” said Victor Merced, Hacienda CDC Executive Director and Roeder & Company Advisory Board Member.  “This financing has enabled Hacienda to dramatically increase its program offerings to the Latino low-income community in Portland.”

The headquarters will provide badly needed space for existing staff which is currently located at 3 different facilities and will allow Hacienda to locate adjacent to many of its housing units to better serve the needs of residents. The building will be in the Cully Neighborhood of Northeast Portland, which is Portland's most ethnically diverse neighborhood with 51% of residents representing communities of color.

The Portland Mercado is a Latino public market that will serve as a business incubator for low-income community members. Based on the Mercado Central model in Minneapolis, the Portland Mercado will be a physical space in which members of the community will provide the opportunity for entrepreneurs to grow and expand their businesses while receiving cultural and business training from Hacienda. The Mercado will serve as a center for the Latino community in the Portland region and as a destination for those seeking a unique cultural and culinary experience. The Mercado will also be a community resource, providing a venue for trusted financial, legal and social services to help Latino families grow household assets.

The Baltazar Ortiz Community Center is a 7,812 sq. ft. commercial facility that houses a county health clinic and family resource center. The Ortiz Center places important Multnomah County health and social service programs in the heart of an at-risk community, and helps many residents access the health care they need. As the building is approaching its fifteenth year, Hacienda needs to make much needed repairs as existing systems reach the end of their useful life. These items include new sidewalks to meet current city standards, a new HVAC system, and a new roof.

 “Our relationship with Hacienda dates back two years.  During that time we introduced Hacienda to the program and then worked with them to structure their three projects in a manner that allowed for both the use of federal and state New Markets Tax Credits while accommodating existing lenders and grant providers in the three different physical locations.  The transaction had its challenges, but the team overcame them all,” said Reynold Roeder, CEO of Roeder & Company, LLC.

Hacienda CDC was formed in 1992 in response to the declining standard of living among Hispanic immigrants in Portland’s lower-income communities. Hacienda has 381 community-centered, affordable rental housing units for over 1,500 residents, 70% of whom are first or second generation Hispanic immigrants and over 95% of whom are people of color. Residents typically earn less than 50% of family median income for the area and more than half are school-aged youth. For more information about Hacienda CDC, please visit www.haciendacdc.org.]]>