Member News

Pembrook Capital Management LLC (“Pembrook”) announced the closing of a $2.256 million second mortgage loan to finalize construction of a 21,341 square-foot mixed-use property located at 144-146 West Street in Greenpoint, Brooklyn. Pembrook previously closed a $6.2 million first mortgage loan for the project in March of 2017. The sponsor, a repeat Pembrook borrower comprised […]

Cinnaire, a full-service Community Development Financial Institution (CDFI) based in Lansing, MI, with offices in five states, recently announced Dionna Sargent has been appointed Community Development Market Leader in the company’s Wilmington, DE, office. As the Community Development Market Leader, Dionna will lead Cinnaire’s Priority City Initiative in Wilmington, focusing on identifying resources and opportunities […]

Community Preservation Partners (CPP) has invested more than $1 billion into American neighborhoods that need it the most. The milestone – reached by totaling all of its affordable housing rehabilitation – comes relatively quickly, a dozen years after being created as the development arm of affordable housing pioneer WNC & Associates, Inc. As a wholly-owned […]

Berkadia and The Michaels Organization announced today that Berkadia has acquired a 50 percent ownership interest in Riverside Capital, a full-service tax credit investment company offering capital solutions to developers of high-quality affordable housing across the country. Riverside has guided the financing and syndication for more than 7,500 affordable units across the country, representing $900 […]

Gwen Allen was named as the newest member of Reno and Cavanaugh, PLLC on January 3, 2017. Gwen focuses her practice on commercial real estate. She advises clients in a variety of real estate transactions covering a wide array of developments, including affordable and mixed-income housing and mixed-use developments.  She has worked on commercial leasing matters since […]

DSHA Director Anas Ben Addi and Governor John Carney recently celebrated the grand re-opening of The Preserve at Whatcoat, a 78-unit community along Saulsbury Road in Dover. The homes were recently renovated inside and out, and a community center and tot lot were added. DSHA helped finance the $17.5 million renovations with $3.7 million from the Housing […]

2017’s fastest-growing CPA Firm, Tidwell Group, is proud to announce the opening of its Columbus, Ohio office. With this expansion into Columbus, Tidwell Group welcomes three new partners to their team. In January 2018, Todd Fentress, CPA, joined Tidwell Group as the Office Managing Partner.  Todd’s addition to the team brings a level of expertise […]

Communities throughout the Mid-Atlantic will benefit from the combination announced today between Enterprise Community Investment(Enterprise) and Community Preservation and Development Corporation (CPDC). CPDC has over 30 properties providing homes to more than 10,000 residents in the Mid-Atlantic, and will operate as an affiliate of Enterprise. In total, Enterprise has created 470,000 affordable homes, including 144,000 homes through the […]

Related California and Deutsche Bank today announced they’ve closed on California’s largest-ever construction financing with tax-exempt bonds, totaling $316.8 million, to finance construction costs for its new development at 1500 Mission Street. The tax-exempt bonds will be purchased by Deutsche Bank (NYSE: DB), as will the balance of the financing, $141.7 million of variable rate […]

With a focus on leveraging housing as a platform to ensure access to social services opportunities for low-income families, National Affordable Housing Trust (NAHT) is proud to announce the closing of Holly Park. NAHT closed on the property in partnership with Goldman Sachs Bank and Mercy Housing. Equity financing for the renovation of Holly Park Apartments […]

In 2017, Dominium tried something new – using skills and resources to offer pro bono development services to important community projects. Dorothy Day Place represents Dominium’s first pro bono development effort. The 24-month project represents a total of 4,300 development hours, as the pro bono developer for Catholic Charities of Minneapolis and St. Paul. Dominium […]

The National Housing Conference (NHC) announced today that David M. Dworkin officially joined NHC on January 16, 2018 as its next President and CEO. NHC is dedicated to ensuring safe, decent, and affordable housing for all in America. Founded in 1931, NHC serves a national membership through policy advocacy, communications, and research. Dworkin joins NHC from the […]