InnoVative Capital joins Pennsylvania Association of Housing and Redevelopment Agencies (PAHRA)

Springfield, PA: (March 27, 2019) – InnoVative Capital, LLC is proud to announce it has become an affiliate member of the Pennsylvania Association of Housing & Redevelopment Agencies. PAHRA is an affiliation of Pennsylvania’s housing authorities, redevelopment authorities, community development agencies, nonprofit corporations, and for-profit companies providing products and services for the housing and community development industry. PAHRA disseminates information relating to housing and community development for the purpose of studying and analyzing national, state, and local legislation affecting housing and community development. PAHRA provides a channel for the frequent exchange of ideas, experiences, and innovations within the fields of housing and community development and increases public understanding of the methods and objectives of housing and community development agencies.

“In joining PAHRA, we look to begin a long-term fruitful relationship which will enable InnoVative Capital to gain valuable insight regarding specific challenges facing PHAs in Pennsylvania, as well as, allow us the opportunity to modernize and enhance affordable housing in our home state of Pennsylvania,” said Alan Richman, President and CEO of InnoVative Capital.

InnoVative Capital is an MSRB/SEC-Registered Municipal Advisor, which provides fiduciary municipal financial advisory services to its housing clients. InnoVative Capital service mix includes consulting-based products such as financial & operational analytics, RAD assessments & submissions, as well as project & financial account management. InnoVative Capital’s transactional advisory services represent clients in the development, procurement and execution of HUD-insured mortgage loans, municipal bonds, commercial debt, tax credits (LIHTC, NMTC, and historic tax credits), USDA Loans, cross-collateralized loans, government guarantees, subordinated cash flow obligations, Fannie Mae, Freddie Mac, and bridge loans.

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