Member News
Dominium Partners with Downtown Emergency Services Center for New Seattle Supportive Housing Community
Dominium announced the closing of the financing for DESC Burien in partnership with Downtown Emergency Services Center (DESC) in Seattle, a nonprofit with extensive experience in providing supportive services to persons experiencing mental health symptoms and substance use concerns and homelessness.
North Carolina Officials Applaud the Start of $35 Million Project by WinnDevelopment to Transform a Historic Mill into Affordable Apartments
WinnCompanies, an award-winning national developer and manager of affordable, mixed-income and market-rate apartment communities, broke ground on its first-ever adaptive reuse project in North Carolina, starting construction on a $35 million project that will create 139 affordable apartments in a long-vacant, historic textile mill.
Martin to Lead CohnReznick’s Boston and Greater Massachusetts Offices
CohnReznick LLP announced that Kevin P. Martin, Jr. is assuming the role of office managing partner – Massachusetts effective Feb. 1, 2023.
Standard Communities Leads Public-Private Partnership to Acquire and Preserve Affordability of Two Senior Living Communities in Chicago
Standard Communities announced its public-private partnership acquiring two senior 100 percent affordable communities totaling 466 units in Chicago and its suburbs.
Hunt Capital Partners Invests in Westheimer Garden Villas Development for Seniors in Houston
Hunt Capital Partners, in collaboration with Texas Inter-Faith Housing Corporation, a 501(c)3 Texas nonprofit organization, announced the closing of $13.8 million in Federal LIHTC and $194,580 in federal energy efficiency 45L credit equity financing for the construction of Westheimer Garden Villas.
Beacon Communities and Harborlight Homes Close on Financing to Reimagine Beverly’s Former Briscoe School
Beacon Communities and Harborlight Homes announced that they have closed on financing to redevelop the historic former home of the Briscoe School into a mixed-use community, centered around affordable housing for seniors, to be called Beverly Village for Living and the Arts.
Fannie Mae Selects The Community Builders to Help Advance Racial Equity in Housing through Innovation Challenge
The Community Builders (TCB) announced it has been awarded one of five contracts under Fannie Mae’s $5 million 2022 Sustainable Communities Innovation Challenge, a nationwide competition to help advance racial equity in housing.
CohnReznick Elevates 19 Professionals to Partner/Principal
CohnReznick LLP announced that it has elected 19 professionals to its partnership, effective February 1, 2023.
$24.3M financing secured for six affordable housing assets in Seattle
JLL Capital Markets announced that it has secured $24.3 million in acquisition financing for a six-asset affordable housing portfolio, consisting of 354 small efficiency dwelling units (SEDUs) located in infill Seattle, WA.
USA Properties Fund Starts Construction to Provide More Workforce Housing in La Mesa
USA Properties Fund announced it has started construction on 8181 Allison, an affordable apartment community in La Mesa that will provide much-needed housing to residents, from early-in-their-career teachers and emergency responders to retirees living on a fixed income – all adjacent to public transportation.
KeyBank Provides $66.4M of Financing to Pacific West Communities for Two New Affordable Housing Developments in Northern and Central California
KeyBank Community Development Lending and Investment (CDLI) provided $66.4 million of financing to Pacific West Communities, a leading developer and manager of affordable multifamily communities throughout the western states, with a special focus on California.
Merchants Capital Secures $77MM+ for New Affordable Housing Project in Saint Paul, MN
Merchants Capital announced it has provided more than $77 million in financing for the development of Soul, an affordable, mixed-use development in Saint Paul, MN.