Member News
Merchants Capital Finances $15MM+ for Affordable Senior Property in East Chicago, Indiana
Merchants Capital announced it has secured a $15.5 million HUD loan for Lakeshore Manor in East Chicago, Indiana.
Cinnaire Closes $211 Million Affordable Housing Fund
Cinnaire announced the closing of a $211 million LIHTC Equity Fund with capital raised from 15 institutional investors.
Cinnaire Awarded $55 Million New Markets Tax Credit Allocation from CDFI Fund
The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $55 million New Markets Tax Credit (NMTC) Allocation.
Hunt Capital Partners Provides $14 Million In LIHTC Financing for 116-Unit Texas Development
In partnership with O-SDA Industries, Travis County Housing Finance Corporation, and Saigebrook Development, Hunt Capital Partners (HCP) announced the closing of $14.1 million in Federal LIHTC equity for the construction of Saison North.
Standard Communities Accelerates Growth as it Launches New Business Lines, Acquisitions and Continues Attracting Top-Tier Talent
Standard Communities announced that it’s established three new, diversified business lines to build on its success of providing high-quality, healthy, environmentally sustainable housing.
Cinnaire Granted Five Affordable Housing Program Awards By the Federal Home Loan Bank of Chicago
Cinnaire announced the award of $3,225,000 Affordable Housing Program (AHP) grants from the Federal Home Loan Bank of Chicago (FHLBank Chicago).
Vitus to Preserve Trio of Affordable Housing Properties in Sacramento
Vitus announced the acquisition of River City Trio in Sacramento.
KeyBank Provides $12.2M of Financing for New Construction in Chester County, PA
KeyBank Community Development Lending and Investment and KeyBank Real Estate Capital (collectively, KeyBank) announced a $12.2 million construction loan to the Ingerman Group, a leading developer and manager of affordable multifamily communities throughout the Mid-Atlantic region, for the construction of The Willows at Valley Run in Coatesville, PA.
Oregon Housing & Community Services Announces Groundbreaking in Lincoln City
“Echo Mountain Fire survivors and Lincoln City residents will have a much-needed affordable apartment community in early 2024 with the groundbreaking of Wecoma Place,” says a press release from Oregon Housing and Community Services.
NH&RA Members Awarded New Markets Tax Credits
Congratulations to the NH&RA members that received a New Markets Tax Credit award!
MassHousing Finances New Housing in Boston
MassHousing, the City of Boston, the Massachusetts Department of Housing and Community Development (DHCD) and Urban Edge, announced the completion of financing for the 65-unit, 1599 Columbus Avenue in Boston, which is part of Jackson Square Redevelopment.
Dominium Promotes 52 and Hires 236 New Employees in Q3 2022
Dominium, a leading affordable housing owner, developer and manager, announced that it has expanded through the hiring of 236 new employees in both corporate and on-site positions.