Member News

Dakota Partners announced it has secured all financing and approvals to close on Phase 1 of The Rail Yard, a new affordable housing apartment community that will feature housing for local residents earning between 30 and 60 percent of the Area Median Income.

KeyBank Real Estate Capital has appointed three new relationship managers focused on affordable housing to expand community development lending and investment (CDLI) activity in the Southeast and Northwest.

Dwight Capital and its mortgage REIT affiliate, Dwight Mortgage Trust, closed $377MM of loans in the month of June.

Red Stone announced the hiring of Fred D. Scott. Scott serves as director of impact investments at Red Stone Equity Partners with primary responsibility for overseeing Red Stone’s efforts in building an investment platform utilizing non- tax-oriented capital focused on underserved markets.

Woda Cooper Companies, Inc. announced Osborn Commons won Outstanding Affordable Project in the U.S. Green Building Council’s 2022 LEED Homes Awards, announced July 12, 2022.

In partnership with Ikaika Ohana and Urban Housing Communities, Hunt Capital Partners announced the closing of $69.71 Million in Federal LIHTC and $26.97 Million in State LIHTC equity financing for the new construction of Kaiāulu o Kūku’ia Apartments.

KeyBank Community Development Lending and Investment (KeyBank) announced that it provided $14.3 Million in construction-to-permanent financing for RMDX, LLC, located in Omaha NE, in order to rehabilitate an old high school building into an affordable housing property in Plattsmouth, NE.

MassHousing has closed on $16.8 Million in affordable housing financing to the nonprofit Affordable Housing and Services Collaborative and Peabody Properties, for the redevelopment of a three-story Charlestown property into 48 units of affordable, independent living housing for senior citizens.

A high-quality, energy-efficient 62-unit affordable housing community has created a new housing option for workforce residents, retirees on fixed incomes, and others in need of affordable homes on Columbus northeast side near Easton Town Center.

In collaboration with the Northeast Oregon Housing Authority and Community Development Partners Oregon, LLC, Hunt Capital Partners announced the closing of $15.7 Million in Federal LIHTC and solar investment tax credit ITC equity financing for the new construction of Timber Ridge Apartments.

MassHousing has closed on $8.5 million in affordable housing financing to Dakota Partners, Inc., to support the final phase of development of the Woodland Cove housing community in Wareham.

USA Properties Fund announced it has started construction on Terracina at Whitney Ranch, an affordable apartment community in Rocklin that will provide much-needed housing to residents, from early-in-their career teachers and hard-working couples with children saving for their first home to retirees living on a fixed-income.