Member News
Merchants Capital Provides $225 Million for Rehab of Seven Affordable Properties in the Bronx
Merchants Capital announced that it provided more than $225 million in funding to support extensive refinancing and rehabilitation for a Union Avenue Consolidated project in Bronx, NY.
WinnDevelopment Announces Groundbreaking for $55.3 Million Project in Western Massachusetts
WinnDevelopment announced that they broke ground on a $55.3 million adaptive reuse transformation of a long-vacant, historic mill complex that will be transformed into 88 affordable apartment homes for seniors ages 55 and older in Massachusetts.
Woda Cooper Companies Inc. Hosts Grand Opening in Mount Clemens Michigan
Woda Cooper Companies, Inc. (WCCI) hosted a grand opening and ribbon-cutting at the new 30-unit Edison Crossing property located at 106 Northbound Gratiot venue in Mount Clemens, MI.
Merchants Capital Provides $184 Million in Refinancing for Midwest Workforce Housing Properties
Merchants Capital announced that it secured a total of $184 million in Merchants direct seven-year loans for the refinancing of seven separate workforce housing properties located within Indiana, Kentucky and Ohio.
USA Properties Leases Adega II in Rohnert Park California
USA Properties Fund and property manager Greystar announced that they started leasing units at Adega II in Rohnert Park, CA.
Hunt Capital Partners, SGI Ventures and AAHC Embark on Permanent Supportive Housing Development
Hunt Capital Partners (HCP), SGI Ventures, Inc., the Housing Authority of the City of Austin and its subsidiary, Austin Affordable Housing Corporation (AAHC), announced the closing of $16.5 million in LIHTC to finance the construction of Cady Lofts.
Boston Financial Announces $164 Million National Multi-Investor LIHTC Fund
Boston Financial today announced Institutional Tax Credits 59 Limited Partnership (ITC 59), a $164 million LIHTC fund. ITC 59 will help create and preserve 1,357 homes across 22 properties and 18 communities in 10 states.
Dominium Acquires Land for 200 New Affordable Apartment Homes in Marana, Arizona
Dominium announced that it closed a deal to acquire land for the development of a new affordable housing community in Marana, Arizona.
Dominium Hires New Vice President of Human Resources
Dominium announced that it hired a new vice president of Human Resources (HR), Kelina Willis.
M&T RCC and City First Enter Correspondent Relationship to Provide Affordable Housing
M&T Realty Capital Corporation (M&T RCC) and City First Bank announced that they entered into a correspondent relationship that will provide City First borrowers with access to M&T RCC’s Fannie Mae DUS®, Freddie Mac Optigo® and FHA lending capabilities for conventional and affordable multifamily loans.
NASLEF Elects New President and Officers
The National Association of State and Local Equity Funds (NASLEF) announced that they recently elected new officers to serve the association over the next two years.
Cinnaire Project Earns Charles L. Edson Tax Credit Excellence Award
Cinnaire announced that The Meadows, a new affordable housing community in Darlington, WI, has earned top honors as the recipient in the rural category for the Charles L. Edson Tax Credit Excellence Award.