Member News

Lument announced the closing of $15.8 million in loans to refinance a five-property portfolio of LIHTC garden-style apartments in Riverside County, CA.

Steward of Affordable Housing for the Future (SAHF) announced a new resource, SAHF Multifamily Portfolio Carbon Emissions Roadmap, which allows portfolio owners to create action plans to reduce their annual greenhouse gas (GHG) emissions in CO2 equivalent.

Dominium announced that it has hired 94 new employees and advanced the positions of 380 more during the first two quarters of fiscal year 2023.

Hunt Capital Partners, in collaboration with Community Development Partners (CDP) and Mercy House, celebrated the grand opening of St. Michael’s Apartments in Riverside, CA on July 24.

MassHousing announced the closing of $13.3 million in affordable housing financing to Van der Heyden Apartments Limited Partnership for the acquisition, renovation and extension of affordability at the 45-unit Van der Heyden Apartments in Springfield, MA.

WinnCompanies announced the opening of Pasadena Studios in Pasadena, CA in late August.

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 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 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 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 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.

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.