MuniMae sells low-income housing tax credit unit

Community Southern Bank makes public stock offering City council gives Austin Energy the go-ahead for major solar project JVM Realty buys Pepperwood Apartments for $23M Apartment complexes sell for $57.5M MMA pursues large solar projects in venture with Suntech Municipal Mortgage & Equity LLC said Tuesday it will sell substantially all of the low-income housing tax credit business operated by its MMA Equities Corp and MMA Financial TC Corp. subsidiaries as it looks to become a leaner company. JEN Partners LLC, a New York-based private equity real estate firm, will pay a total of $30.7 million, including $18.7 million in cash and $12 million in assumed liabilities. “This sale is…

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