Member News

WinnCompanies and the Boston Housing Authority (BHA) announced that work will begin in 2024 on the $2 billion redevelopment of the Mary Ellen McCormack public housing complex under a two-phase master plan.

The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) constitute a once-in-a-lifetime opportunity for the multifamily affordable housing market to access federal funds for green solutions.

Cinnaire announced the closing of two LIHTC funds totaling $193 million.

Hunt Capital Partners (HCP) announced that it transferred ownership of Cadet Point Senior Village (Cadet Point) back to Biloxi Community Development Corporation (BCDC), the nonprofit arm of the Biloxi Housing Authority (BHA).

WinnCompanies and co-developer ART-JIUS Enterprises announced the acquisition of a 68-unit affordable housing community in Paterson, NJ.

KeyBank Community Development Lending and Investment (CDLI) provided a $35 million construction loan and $15.7 million in four percent LIHTC equity to finance the acquisition and rehabilitation of Cambridge Square Apartments, located in Monroeville, PA.

Standard Communities led a public-private partnership acquiring Huntington Towers, an affordable senior community with 214 units located in Mount Prospect, IL.

Enterprise Community Partners (Enterprise) and Church of God in Christ Community Economical Development Corporation (COGIC CEDC) announced a new collaboration at COGIC’s 115th Holy Convocation to train 200 COGIC congregations in faith-based community development.

Merchants Capital announced that they provided financing for Launchpad Apartments, a new permanent supportive housing property in Colorado Springs.

Woda Cooper Companies, Inc. and co-developer Housing Services Alliance hosted a grand opening and ribbon-cutting at the new 57-unit Haven Crossing located at 12800 Towne Center Drive in Walton, KY.

Beacon Communities was featured in a December article in the Boston Globe “A Miracle on Clarendon Street: How a Back Bay Building Became Apartments for Homeless People.”

Cinnaire announced that an award from the Federal Home Loan Bank totaling $5 million will allow them to support five affordable housing projects in the Midwest, including the acquisition, rehabilitation and construction of 269 units.