Timothy I. Henkel

Henkel, Tim - cropped.jpg
Senior Vice President

Tim Henkel began his career at Pennrose in 1999. Today, he is Senior Vice President and Principal of Pennrose Properties, LLC.  His many responsibilities include coordinating all aspects of the development process, including property acquisition, development financing, and land development approvals. 

Mr. Henkel is an expert in all forms of public and private real estate financing and has executed the full array of Pennrose’s diverse portfolio of transactions including affordable housing via Federal and State Low Income Housing Tax Credits (LIHTC), Federal and State Historic Rehabilitation Tax Credits (HTC), mixed-income multifamily housing via tax-exempt bonds, and public housing replacement leveraging federal HOPE VI grants. In addition, he has executed market rate and mixed income development using various combinations of New Market Tax Credits (NMTC), Urban Transit HUB Tax Credits, and other State incentive programs.  Mr. Henkel’s current activities are focused on the New Jersey, New York and Connecticut regions. 

Mr. Henkel holds a Bachelor of Science degree in Civil Engineering from Bucknell University and a Master of Business Administration from the William E. Simon School of Business Administration at the University of Rochester. He is a professional engineer licensed in the State of New Jersey. Mr. Henkel is acting President of the recently formed New Jersey Affordable Housing Developers Council.  He also serves on the boards of Triple C Housing and Preservation New Jersey and is a frequent panelist and speaker at regional real estate development events.