In Civano, a TND in Tucson, Arizona,

In Civano, a TND in Tucson, Arizona, the American Communities Fund, a division of Fannie Mae, took over 100 percent ownership on January 4. The fund already owned 84 percent of the project and exercised an option to buy the remaining 16 percent from Kevin Kelly, who until now has headed the Civano Development Company (CDC), the managing partner of the project. Kelly has left Civano to pursue similar developments elsewhere. Lee Rayburn, director of design and planning at Civano and a partner in the reorganized CDC Partners LLC, characterizes the change as amicable and says the staff will remain the same.