Member News

Cinnaire, in partnership with the City of Detroit and CHN Housing Partners, are leading an innovative Lease Purchase Program to enable 73 families in Detroit to transition from renting to sustainable homeownership since the program’s inception in 2019.

Cinnaire announced an $11 million New Markets Tax Credit investment in the Wisconsin Aluminum Foundry (WAF), a longstanding employer in Manitowoc providing aluminum and copper-based alloy castings for a wide range of industries.

Woda Cooper Companies announced a groundbreaking ceremony held at Breton Grove on Grand Rapids’ southeast side.

KeyBank provided $36.3 million in financing for the new construction of Elevate at Aurora, a 137-unit family project in Aurora, CO.

WinnCompanies executives and developers joined with Paterson New Jersey Mayor André Sayegh and state and local leaders to celebrate the completion of a $26 million building effort that featured new construction and historic adaptive reuse techniques centered around the 19th century Argus Mill in Paterson’s Great Falls Historic District.

KeyBank Community Development Lending and Investment (CDLI) provided $17.1 million in LIHTC equity and a $24.1 million permanent loan through the Fannie Mae forward MBS Tax-Exempt Bond (MTEB) program for the acquisition and rehabilitation of Tomkins Terrace, an affordable multifamily property in Beacon, NY.

Dominium announced that they hired 186 new employees and advanced the positions of 27 more during the third quarter of fiscal year 2023.

Merchants Capital announced that they successfully completed a $303 million securitization of 11 multifamily housing loans for properties spanning eight states, with 81 percent of the loan balance made up of locations within Colorado, Florida, Indiana and New Jersey.

Merchants Capital announced that it successfully completed a $303 million securitization of 11 multifamily housing loans for properties spanning eight states, with 81 percent of the loan balance made up of locations within Colorado, Florida, Indiana and New Jersey.

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 led a public-private partnership that acquired six 100 percent affordable Section 8 communities in Los Angeles County.

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.