JOHN G . HOFFER VICE PRESIDENT , PROJECT MANAGEMENT
John Hoffer has over 25 years of experience developing, acquiring, operating and financing multifamily housing. John began his career in asset management and real estate development with the New Frontier Group (NFG), in Chicago, Illinois, where as NFG’s Director of Asset Management he was responsible for NFG’s portfolio of affordable housing and the third-party asset management contract for Continental Bank of Illinois’ REO portfolio of luxury rental housing. Later, as NFG’s Sr. Project Manager, John was responsible for the development of 700 units of newly constructed multifamily rental housing, 750,000 square feet of commercial office space, and one 200-unit luxury convention hotel. At the National
Corporation for Housing Partnerships (NCHP), John was Director of Portfolio Analysis responsible for analysis, preparation of all capital plans, and management of select property/portfolio recapitalization transactions for NCHP’s portfolio of approximately 75,000 units. While at NCHP, he structured several novel transactions including the preservation of 1,000 units of affordable housing utilizing a tax-deductible charitable donation sale to Pennsylvania Housing Finance Authority (“PHFA”) combined with NCHP’s repurchase and renovation financed by PHFA with tax-exempt bonds, soft subordinate debt and LIHTC equity. John joined NHPF and closed numerous property acquisitions using benefits provided under the Low Income Housing Preservation and Resident Homeownership Act of 1995. He also negotiated and closed the Cornerstone Housing portfolio acquisition from Enterprise Community Partners and was responsible for oversight of NHPF’s asset managers. John continued to work with NHPF, while also working with NeighborWorks America and numerous other non-profit organizations as an asset management and real estate development consultant. In total, John has been involved in the purchase and/or recapitalization of 20 NHPF properties consisting of 4,023 units.
Experience
THE NHP FOUNDATION 2016 – Present Vice President Project Management
• Finance and redevelop multifamily housing properties that are regulated under various Federal and state affordable housing programs • Functions include performing due diligence and rental market analysis, participating in the design process, negotiating the financing and regulatory documents, closing transactions, coordinating the rehabilitation work, and completing the tax credit equity process METACAP SOLUTIONS 2003 – 2016 Vice President of Real Estate Provided real estate development and financial support services with a focus on affordable housing Involved in the redevelopment of numerous multifamily housing properties utilizing credit enhancement, tax-exempt bond financing, LIHTC equity and financing and restructuring incentives available under MAHRA for clients including Michaels Development, Foresight Affordable Housing, Inc., Rural Opportunities, Inc., Housing Opportunities, Inc. as well as NeighborWorks America and its numerous member organization THE NHP FOUNDATION 1995 – 2003 Vice President of Real Estate Oversaw NHPF’s asset management department and was responsible for its 43-property portfolio Responsible for NHPF’s portfolio acquisitions, structuring and closing the acquisition of NHPF’s Cornerstone Housing portfolio acquisition from Enterprise Community Partners Involved in the purchase and recapitalization of 19 properties consisting of 3,739 units during this time with NHPF as well as numerous refinancing transactions involving NHPF’s existing properties
NATIONAL CORPORATION FOR HOUSING PARTNERSHIPS (NCHP) 1986 – 1995 Director of Portfolio Analysis
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