Jessica Hoefer Author Archives

Merchants Capital Provides $103 Million+ in Total Financing for the Rehabilitation of Woodlawn

Merchants Capital’s Chicago office announced that it provided more than $54 million of debt and $49 million in LIHTC equity financing for the rehabilitation of Island Terrace, a 21-story affordable apartment complex located across from the Obama Presidential Center in Chicago’s Woodlawn neighborhood. Preservation of Affordable Housing, Inc. closed the complex financing structure on Dec. 20, 2023.

DOE Publishes Rebate/LIHTC Case Study

The Department of Energy (DOE) published a new case study on Using Whole Home Energy Rebates to Preserve Affordable Multifamily.

Merchants Capital New York Provides $1.7 Billion in 2023 Financing, Surpassing 2022 Office Record

Merchants Capital’s New York office announced a total production volume of $1.7 billion for 2023, surpassing its record-breaking $1.3 billion debt production volume in 2022.

Treasury Modifies SLFRF, ERA Rules to Amplify Housing Production

The Treasury Department announced updated guidance for the State and Local Fiscal Recovery Fund (SLFRF) and the Emergency Rental Assistance (ERA2) programs, which make it easier for states and local governments to use these programs to build and preserve affordable housing.

USA Properties Fund Starts Construction on Terracina at Westpark in Roseville, CA

USA Properties Fund has started construction on Terracina at Westpark, an affordable apartment community in west Roseville, CA that will provide much-needed housing for residents, from early-in-their career professionals and hardworking families saving for their first house to retirees living on a fixed income.

Florida Posts Updated Development Proximity List

Florida Housing posted a new draft of the Development Proximity List.

WinnCompanies Department Transforms into a Nonprofit to Expand Its Reach and Pursue New Funding to Serve More Residents of Multifamily Communities

WinnCompanies announced the launch of the Connected Communities Foundation (CCF), a nonprofit organization dedicated to the creation and growth of community-based programs, services and public policies that support and track better outcomes and opportunities for affordable housing residents across the country.

Florida Housing Hosts Live Local SAIL Financing RFA Webinar – March 20

Florida Housing will host a webinar at 2 p.m. ET on March 20 on its RFA 2024-214 Live Local SAIL Financing to be Used for Developing and Reconstructing Affordable Multifamily Housing Developments with the opportunity for the public to provide comments and suggestions.