Member News
Lowell Affordable Housing Community Closes $13.9 Million in MassHousing Financing
MassHousing announced that it provided $13.9 million in affordable housing financing to Silver Street Development Corporation for the refinancing and extensive rehabilitation of Jaycee Place, a 138-unit affordable housing community in Lowell.
KeyBank Secures $20M for Affordable Property in OR
KeyBank Community Development Lending and Investment (CDLI) provided a $4 million construction loan, $6.3 million in LIHTC equity and arranged permanent financing with a $10.1 million Freddie Mac TEL for the acquisition and rehabilitation of Salem Manor in Salem, OR.
MassHousing Provides $5.2 M in Affordable Housing Financing to Way Finders
MassHousing announced that it is providing $5.2 million in affordable housing financing to Way Finders for the development of the Rosewood Way Townhomes community.
MassHousing Provides $16.3M in Affordable Housing Financing to Pennrose
MassHousing announced that it is providing $16.3 million in affordable housing financing to Pennrose, LLC for the development of the 49-unit Littleton Drive (family) and the 44-unit Littleton Drive (senior), which will create 93 new affordable apartment homes for families and seniors in Wareham, MA.
Merchants Closes on Capital Tax Credit Equity Fund 15
Merchants Capital annouced the closing of Merchants Capital Tax Credit Equity Fund 15, L.P. Merchants Fund 15 represents the company’s largest and most diverse national fund with a total capital raise of $196.5 million from 14 institutional investors, including ten repeat and four new investors.
Merchants Capital provides $11M for New Construction in Pittsburgh
Merchants recently secured $11 million in debt and Low-Income Housing Tax Credit (LIHTC) financing for the construction of Cedarwood Homes in Pittsburgh.
KeyBank Secured $10M for Affordable Senior Housing Complex in OH
KeyBank Community Development Lending and Investment (CDLI) provided $9.9 million in low-income housing tax credit (LIHTC) equity to finance the conversion of the Margaret Wagner Senior Apartments in Cleveland Heights, OH
Lument Closes $31M Refinance for Affordable Community in Brooklyn
Lument announced the closing of a $31.7 million FHA Sec. 223(f) loan to refinance Lefferts Heights, an 87-unit affordable multifamily community in Brooklyn, NY.
Standard Communities Partners with ION to Reduce Water Consumption and Cut Costs
ION announced that Standard Communities is using its water optimization platform to start to reduce water consumption and costs across their affordable housing portfolio.
Hunt Capital Partners Transfers Ownership Interest to Mexican American Unity Council
Hunt Capital Partners announced the successful transfer of ownership of the Stonehouse Apartment Homes in San Antonio, Texas
Dionna J. Sargent Recognized with Leon N. Weiner Award
Cinnaire announced that Dionna J. Sargent was recognized with the Leon N. Weiner Award by Housing Opportunities of Northern Delaware, Inc. (HOND).
Dominium Announces Land Acquired for Creekridge on the Park
Dominium announced that it has closed a deal to acquire land for the development of a new affordable housing community in Charlotte, N.C.