Member News
KeyBank Provides Capital for the Development of New Permanent Supportive Housing in California
KeyBank Community Development Lending and Investment (KeyBank) announced it has provided $53.2 million dollars for the development of Tiburon in San Luis Obispo, CA.
CDFI Fund Awards Cinnaire $10 Million in Capital Magnet Fund Grants to Support Affordable Housing
The U.S. Department of Treasury’s CDFI Fund has awarded Cinnaire $10 million through the Capital Magnet Fund, a competitive grant program designed to support the creation and preservation of affordable housing.
Standard Communities Announces First Ground Up Development in Savannah, GA
Standard Communities announced its first ground up development, a Class A+ multifamily project in Savannah, GA, called The Line.
KeyBank Community Development Lending and Investment Expands its Equity Originations Team with the Appointment of Rada Lisitsa
KeyBank Community Development Lending and Investment (CDLI) has appointed Rada Lisitsa to vice president and acquisitions transaction leader.
The Architecture Team Begins Work on Southeast Towers in Rochester, NY
The Architecture Team designed the renovation of Southeast Towers in Rochester, NY, a two-building, 376-unit property as part of New York State’s $1 billion House NY initiative, which aims to rehabilitate the state-funded portfolio of 35 aging Mitchell-Lama-era developments.
KeyBank Provides $21M of Financing for Affordable Housing Property in Oregon
KeyBank Community Development Lending and Investment (KeyBank) announced that it is providing $20.9 million of financing to help partners Home First Development and Green Light Development, develop a new affordable housing community in the Glenfair neighborhood of Portland, OR.
Hunt Capital Partners Provides LIHTC Financing to Preserve Missouri Affordable Housing Development
Hunt Capital Partners, in collaboration with McCormack Baron Salazar, announced the closing of $5.11 million in four percent Federal LIHTC equity financing for the acquisition and rehabilitation of Villa del Sol Apartments.
Merchants Capital and Merchants Bank of Indiana Secure Financing for TOD Apartment Project
The Chicago office of Merchants Capital announced that it has closed a 221(d)(4) new construction/permanent loan for Metro 19 Apartments in Roselle, IL.
Dwight Capital Affiliate Provides $154.8M for Michigan Multifamily
Dwight Mortgage Trust, the mortgage REIT affiliate of Dwight Capital, announced it has provided a $154.8 million, 24-month, floating-rate bridge loan for the acquisition of a multifamily portfolio in Michigan.
KeyBank Provides $20M to Advance Racial Equity with Real Estate Development
KeyBank Community Development Lending and Investments (CDLI) provided a $20 million term loan to Enterprise Community Loan Fund Inc. (Enterprise) to support Equitable Path Forward, a $3.5 billion nationwide initiative to help dismantle the legacy of racism in housing.
Standard Communities Acquires Three Affordable Senior Housing Communities
Standard Communities announced a public-private partnership to acquire three affordable senior mixed-income housing communities totaling 559 rental units in California.
Hunt Capital Partners, Prospect and CVS Health Celebrate Fields on 15th Apartments Ribbon Cutting
Hunt Capital Partners, in collaboration with Prospect and CVS Health, celebrated the grand opening and ribbon cutting for Fields on 15th Apartments in Longmont, CO.