Member News
KeyBank Provides $31 Million of Financing for Affordable Housing in California
KeyBank Community Development Lending and Investment (CDLI) provided a $31.7 million construction loan and KeyBanc Capital Markets provided a floating-to-fixed interest rate swap for the development of Petaluma River Place in Petaluma, CA.
Standard Communities Acquires 6 Affordable Communities in LA County
Standard Communities led a public-private partnership that acquired six 100 percent affordable Section 8 communities in Los Angeles County.
Lument Closes $13.4 Fannie Mae Loan Refinance for Luxury Seniors Community
Lument announced that it closed a $13.4 million Fannie Mae loan to refinance The Fordham at Eagle Springs, a luxury seniors housing community in Humble, TX.
Hunt Capital Partners and CJM Development Group Celebrate Sandstone Hills Apartments Grand Opening
Hunt Capital Partners, in collaboration with CJM Development Group, celebrated the grand opening of Sandstone Hills Apartments in Richfield, UT.
KeyBank Provides Funding for Affordable Housing Community in Layton Utah
KeyBank Community Development Lending and Investment provided a $8.6 million equity bridge loan and $13.1 million in four percent Federal LIHTC equity for the acquisition and rehabilitation of Skyline View Apartments in Layton, UT.
Cinnaire Awarded $60 Million in New Markets Tax Credits to Advance Social Impact Efforts
Cinnaire was awarded a $60 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund).
Vitus Completes Extensive Renovations at Villa Verde Apartments
Vitus announced the completion of extensive renovations, in partnership with LIHC Investment Group, at Villa Verde Apartments in Santa Fe Springs, CA.
Woda Cooper Companies, Inc. Breaks Ground on Mace Road
Woda Cooper Companies, Inc. announced the groundbreaking on a new 42-unit affordable housing community for seniors on Mace Road in Carrollton, OH.
KeyBank provides $71.8 Million for Greenfield Commons Phase 1
KeyBank Community Development Lending and Investment (CDLI) and KeyBanc Capital Markets provided $71.8 million in construction and permanent 501(c)(3) bond financing.
Beacon Communities Announces Chief Administrative Officer
Tim Sullivan has been named chief administrative officer at Beacon Communities where he will be responsible for the overall financial strategy and oversight of information technology, human resources, and accounting and finance.
Fairstead Names Managing Directors
Rob Dunn has been promoted to managing director, asset management, and Noah Hale has been promoted to managing director, development, at Fairstead. Both are based primarily in the company’s Florida office.
KeyBank Provides $10 Million Line of Credit to Cinnaire Lending
Cinnaire Lending Corporation, a certified Community Development Financial Institution (CDFI) was awarded a $10 million loan from KeyBank’s CDFI Lending & Investment Group.