Staff - Additions Monica Ullerich - Closing Manager
Candace Holtapp - Fund Staff Accountant
Monica joined MHEG as Closing Manager in February 2025 in our Omaha office. Her duties include leading the due diligence collection/review process and keeping our investments on track for timely closings. Monica comes to MHEG with over 20 years’ real estate experience and previously worked for Mosaic as a Housing Compliance Analyst.
Victor Ceballos - Financial Analyst
Candi joined MHEG as Fund Staff Accountant in the spring of 2025 in our Omaha office. She performs a variety of accounting tasks to support the Senior Fund Accountant and the accounting department. Candi has over 20+ years’ accounting experience and previously worked for Financial Brokerage, Inc. She graduated from Wayne State College with an Accounting degree.
Cara Conway - Vice President - Investor Relations
Victor joined MHEG as Financial Analyst in March of 2025 and works remotely from Carroll, Iowa. His duties include overseeing a development portfolio with financial reviews, site visits and problem resolution/ workouts as needed. Victor graduated from Richmond American University in London with a Finance degree and previously worked for Commerical Savings Bank.
Content CEO Message & Recent Happenings
P1
MHEG & MHDF Updates
P2
Property & Resident Spotlight
P4
Staff - Additions
P5
Portfolio Update
P5
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Cara joined MHEG as the Vice President of Investor Relations in June 2025. She leads and executes capital-raising efforts with regional and community banks for MHEG’s various investment funds. Prior to joining MHEG in 2025, Cara was an Associate Managing Director at CIBC Bank USA where she originated and managed CRA qualified investments to assist with CIBC’s Community Development strategy. She holds a B.S. in Social Policy from Northwestern University.
Charlie Fleet - Chief Technology & Digital Transformation Officer Charlie joined MHEG as the Chief Technology/Digital Transformation Officer in the summer of 2025. He leads MHEG’s strategic vision, architecture and execution of technology initiatives that drive innovation, operational excellence, and mission impact. Prior to joining MHEG in 2025, Charlie was the Chief Transformation Officer for Solera. He has over 25 years’ experience in technology delivery and strategy execution. He received his B.S. in Civil Engineering from the Virigina Military Institute and his Master of Engineering from Massachusetts Institute of Technology.
Portfolio Updates Q3 2025 Developments
Fund
Location
MHEG 61
Harrison, AR
60
July
MHEG 61
Harrison, AR
60
July
MHEG 60
Manhatthan, KS
30
July
FNBO I
Omaha, NE
64
July
MHEG 61
Bixby, OK
40
July
MHEG 61
Aberdeen, SD
45
July
Developed by: PDC Companies
MHEG 61
Bryant, AR
20
Aug
Kappa Tower III LLLP
Developed by: Kappa Housing, Incorporated
MHEG 60
Denver, CO
30
Aug
Peaks of Lawrence LP
Developed by: Peaks of Lawrence Development, LLC
MHEG 62
Lawrence, KS
42
Aug
MHEG 61
Kansas City, MO
39
Aug
MHEG 61
Troy, MO
60
Aug
MHEG 61
Lamar, MO
38
Aug
MHEG 60
Chickasha, OK
40
Aug
MHEG 62
Stillwater, OK
36
Aug
MHEG 62
Sayre, OK
12
Aug
Harrison Estates, LP
Developed by: Upward Housing Group I, LLC
Harrison Estates Senior Housing, LP Cypress Ridge LP
Developed by: Excel Development Group
5217 S 28th Street LLC Autumn Park II, LP
Developed by: Arch Icon Development Corp
Developed by: Vintage Housing, Inc.
Presentation Heights Apartments LP Northgate Limited Partnership
UNI Crescendo LLC Troy Housing LP
Developed by: Upward Housing Group I, LLC
Developed by: St. Joseph Catholic Housing, Inc.
Developed by: Brinshore Development, LLC
Developed by: Troy Housing GP, LLC / Oakland Group, LLC
Lamar Senior Villas L.P.
Developed by: MBL Development Co
Enclave Estates at Chickasha, LP Magnolia Ridge III LLC Wildwood III LLC
Developed by: CUBIT Development Group, LLC
Developed by: Excel Development Group / Midwest Housing Initiatives, Inc.
Developed by: Excel Development Group / Midwest Housing Initiatives, Inc.
OPG Cobalt Circle Partners, LLC
MHEG 61
Brownsville, TN
72
Aug
Goldfinch Apartments, LP
Developed by: Cutler Development, LLC
MHEG 61
Des Moines, IA
28
Sep
Silo Crossing Seniors, LLC
Developed by: Rural Housing Developers-Kansas, LLC
MHEG 60
Coffeyville, KS
64
Sep
MHEG 60
Rochester, MN
48
Sep
MHEG 62
Bethany, MO
28
Sep
Restoration Glen LLLP
Developed by: Overland Property Group / Sarai Development Consulting
Units Date
Developed by: Three Rivers Community Action, Inc.
Village Place Apartments, LP
Developed by: AMB Development, LLC
Stoddard Place, LP
Developed by: Hoppe & Son, LLC
MHEG 61
Beatrice, NE
25
Sep
Whitetail Villas, LLC
Developed by: Mesner Development Co
MHEG 61
Schuyler, NE
20
Sep
MHEG 61
Hastings, NE
34
Sep
MHEG 61
Mitchell, SD
43
Sep
Cedar Park, LP
Developed by: Hoppe & Son, LLC
Ashbrook Trail Aaprtments LP MHEG in a Minute l P5
Developed by: JMF Investments LLC
MHEG in a Minute Keeping you up to date on MHEG in just a minute’s time. l Fall 2025