Member News
USA Properties Fund Starts Construction on Terracina at the Dunes That Will Provide Workforce Housing For A Range of Income Levels
According to a recent press release, USA Properties Fund has started construction on Terracina at the Dunes, an affordable apartment community in Marina that will provide much-needed housing to residents that earn a range of incomes under a state program.
DHCD Project Receives $29.9M for 130 Affordable Units in Ward 8
The D.C. Department of Housing and Community Development (DHCD) has provided financing to produce 130 new affordable housing units in Ward 8. According to the press release, the project received $29.9 million in financing from the Housing Production Trust Fund (HPTF) for the construction of Terrace Manor, a new four-story, 130-unit apartment building at 3301 23rd Street SE.
Vitus Preserves Seven Affordable Housing Properties Across North Carolina
Vitus announced the completion of substantial renovations across the Thetford Portfolio, a group of seven properties totaling 560 units in six cities across North Carolina.
Merrit Closes Fund 23, Largest Fund to Date
Merritt Community Capital announced it has closed Fund 23, the largest fund in the organization’s history at $178.6 million. Fund 23 currently finances nine projects, creating 729 affordable homes across California.
Hunt Capital Partners Commits $19.8M in Federal LIHTC Equity Financing for the Rehabilitation of Two Properties Totaling 200 Units
In partnership with Millenia Housing Development, Ltd., Hunt Capital Partners announced the closing of $19.8 million in Federal LIHTC equity financing for the rehabilitation of Sunset Village and Moore Manor.
MassHousing Closes on $40.8 Million in Financing for Pac10 Lofts, a New, 180-Unit, Affordable and Workforce Housing Community in Downtown Lawrence
MassHousing has closed on a total of $40.8 million in financing to Reed Community Partners LLC for the creation of Pac10 Lofts, a new, 180-unit affordable and workforce housing community in the Gateway City of Lawrence.
Hunt Capital Partners Facilitates $14.9M LIHTC Investment to Finance Substantial Rehabilitation of Texas Affordable Housing
Hunt Capital Partners (HCP) announced the closing of $14.9 million in Federal LIHTC equity financing for the rehabilitation of Cielo Tower in El Paso, TX.
Dwight Capital & Dwight Mortgage Trust Finance Over $207.5MM in July 2022
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed over $207.5MM in real estate financings during the month of July.
Ben Applegate Honored By Crain’s Chicago Business 2022 as a Notable Leader in Community Development
Applegate & Thorne-Thomsen announced that its founding partner, Ben Applegate has been named a Notable Lead in Community Development by Crain’s Chicago Business 2022.
National Equity Fund and Cinnaire Become Equity Partners in CPC Mortgage Company to Form Industry’s Only Impact-Driven Multifamily Mortgage Lender
The Community Preservation Corporation, National Equity Fund and Cinnaire announced their joint partnership with CPC Mortgage Company, a national mortgage lending company specializing in multifamily Agency finance products.
Villón-Maga Closes Key Early-Stage Financing for First Round Blue Hill Avenue Deal
Local Initiatives Support Corporation Boston announced that it has closed on critical early-stage financing for DVM Consulting Corp, the development company launched by Dariela Villón-Maga to build affordable housing on five city-owned parcels near the intersection of Blue Hill Avenue and Fabyan Street in Mattapan.
Ribbon-Cutting Celebrates New Mixed-Use Affordable Housing in Downtown Portsmouth Named in Honor of Late Mayor James Holley III
A ribbon-cutting ceremony celebrates the opening of Holley Pointe at 622 Effingham Street in downtown Portsmouth.