Ghena Becomes President of Cinnaire Equity Partners
Josh Ghena has been appointed president of Cinnaire Equity Partners (CEP), the equity finance business of Cinnaire.
He had been serving as interim president since June 2025 and was leading CEP following the retirement of Ryan Robinson.
As interim president and previously senior vice president, equity management, Ghena has spearheaded CEP’s efforts to finance affordable housing developments throughout the Midwest and Mid-Atlantic through low-income housing tax credit (LIHTC) syndication. During the past three-and-a-half years managing the equity business, Ghena and the CEP team successfully closed more than $1.8 billion in LIHTC equity, providing 14,501 units of safe, affordable housing in rural and urban areas across Cinnaire’s footprint.
Since joining Cinnaire in 2014, Ghena has held leadership positions across the organization and has played a key role in refining the syndication processes, developing tools to enhance Cinnaire’s portfolio, and strengthening investor relationships.
Pennrose Announces Regional Vice Presidents
Pennrose has promoted Geoff Milz to regional vice president of the Midwest, covering Kentucky, Michigan, and Ohio, and Lindsey Samsi to regional vice president of Delaware, New Jersey, and Pennsylvania.
Both seasoned leaders bring extensive affordable housing development expertise and will oversee the continued growth and execution of Pennrose's development pipeline in their respective regions.
They are responsible for all aspects of the real estate development process from initial conception through construction to lease-up and stabilized occupancy or sale.
Milz joined Pennrose in 2022 as director of development for the Midwest. An experienced collaborator and relationship builder trained in urban planning and economic development, he is passionate about the development and execution of innovative projects that make places better for people. Most recently, Milz oversaw the securement of all sources of funding for the iconic Warner & Swasey factory in Cleveland’s MidTown neighborhood and is actively working to get that deal to closing and redevelopment.
Samsi joined Pennrose in 2016 as the company's first assistant developer and has been promoted multiple times throughout her tenure, including most recently serving as senior developer. With more than 10 years of industry experience, she is credited with overseeing the development of several notable projects across the region and oversees a full in-house team of developers. At Pennrose, Samsi has closed more than $500 million in affordable housing development and delivered nearly 700 units, including One Thompson Avenue, a 100% affordable veterans and family housing community in Dover, New Jersey; multiple phases of the comprehensive Sharswood Transformation Plan in Philadelphia; and several phases in Tulsa, Oklahoma, as part of the Envison Comanche Plan.
CalHFA Names Director of Multifamily Programs
Katherine McFadden has been appointed director of multifamily programs at the California Housing Finance Agency (CalHFA). She takes over the post at a time when the agency is looking to broaden its affordable housing reach, even as it has provided $3.4 billion in financing over the past two fiscal years.
McFadden comes to CalHFA after spending more than six years at Jamboree Housing Corp., one of the leading nonprofit affordable housing developers in California, where she served as vice president over Northern California. She brings more than three decades of experience in real estate development, housing finance, and supportive services, including senior roles at Domus Development, Tenderloin Neighborhood Development Corp., and USA Properties Fund. She also served in local government at the Sacramento Housing and Redevelopment Agency and previously consulted for CalHFA in 2014 and 2015.
A self-supported state agency, CalHFA has helped more than 233,000 low- and moderate-income home buyers with $43.5 billion in first mortgages and used $12.8 billion in financing for the construction and preservation of more than 85,000 rental housing units throughout the state.
Multifamily Finance Veteran Joins Raymond James
Raymond James is expanding its public finance capabilities with the hiring of Greg Goldberg as director to lead coverage for multifamily housing clients in the western United States. He is based in Denver.
Goldberg joins Raymond James from RBC Capital Markets, where he was responsible for West Coast housing production in the multifamily housing sector. He was with the firm for six years after having spent nearly 20 years at Citi Community Capital.
He has deep experience with public offerings, private placements, as well as bank and agency debt products for affordable and workforce housing.
CohnReznick Names Partners
CohnReznick, a leading accounting and professional services firm, is promoting 14 professionals to its partnership, effective Feb. 1. The newly promoted partners bring expertise across several service lines and industry groups, including affordable housing.
The new partners are:
- Tim Carney, tax, affordable housing, commercial real estate;
- Keisha Chinn, tax, affordable housing;
- Lexie Christie, tax, financial services;
- Michael Fussman, advisory, restructuring and dispute resolution;
- Michele Herron, tax, affordable housing;
- Courtney Klinga, assurance, real estate;
- Jim Lantis, assurance, renewable energy;
- Paul Morrisey, national assurance
- Shideh Ovaysikia, assurance, consumer, hospitality, manufacturing;
- Jonathan Schwartz, transaction advisory;
- Michael Schwartz, assurance, affordable housing;
- Taylor Sphon, tax, consumer, hospitality, manufacturing, and commercial real estate;
- Mia Thompson, assurance, commercial real estate; and
- Ilias Tillyros, tax, commercial real estate.