Member News

“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.

USA Properties Fund announced construction has started on Adega II, the second phase of a luxury apartment community that will include seven units for moderate-income residents and help meet the need for more housing in Sonoma County.

Merchants Capital announced the completion of the rehabilitation of a Federal LIHTC project located in Houston, TX, known as Knolls at West Oaks Apartments, by prominent affordable housing developer, Dominium. Merchants Capital provided $10.8 million in tax credit equity in exchange for LIHTC.

MassHousing closed on $8.5 million in affordable housing financing to the nonprofit Just A Start for the development of 24 new affordable apartments on its Rindge Tower property in Cambridge.

Fairstead announced that real estate industry veteran Sally Hebner has joined the company as its chief financial officer.

Merchants Capital announced the closing of Merchants Capital Tax Credit Equity Fund X, L.P. (Merchants Fund X).

Dakota Partners announced the appointments of Penn Lindsay as vice president of acquisitions and development for New England and Christopher French as vice president of acquisitions and development for Maryland and Virginia.

The D.C. Department of Housing and Community Development (DHCD) announced it has provided financing to preserve 140 affordable housing units in Ward 8. Ridgecrest Phase 1 Owner LLC, an entity controlled by The NHP Foundation, received $16.1 million in financing from the Housing Production Trust Fund (HPTF) for the first phase rehabilitation of Ridgecrest Village Apartments, an apartment complex at 2200 Savannah Street SE.

Merchants Capital announced the closing of Merchants Capital Tax Credit Equity Fund X, L.P. (Merchants Fund X).

Hunt Capital Partners announced, in collaboration with the Town House Community Development Corporation (Town House CDC) and UMB Bank, the significant renovation of Town House, formerly known as Cross Lines Tower.

Community leaders and supporters in Detroit gathered for the grand opening of The Freelon at Sugar Hill in Detroit’s historic midtown area on September 22.

Dakota Partners announced a ribbon-cutting ceremony on Monday, Sept. 19, 2022 at 10 a.m. to celebrate the grand opening of Friars Court at 6 Dakota Drive, Hudson, NH 03051.