Member News
USA Properties Fund Starts Construction on Terracina at Whitney Ranch
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.
Arch Communities and WinnCompanies Transform Historic School in Massachusetts into 55+ Senior Housing
Arch Communities and WinnCompanies celebrated the completion of a $25.7 million adaptive reuse project to transform a 106-year-old historic school building in Southbridge, MA, into 62 apartments for seniors ages 55 and older.
Hunt Capital Partners Facilitates $8.95 Million LIHTC Investment to Finance Phase II of Massachusetts Affordable Housing Development
Hunt Capital Partners announced the closing of $8.95 Million in Federal LIHTC equity and $2.11 Million of State LIHTC equity financing for the second phase of construction of Woodland Cove Apartments.
Green Joins CohnReznick as Commercial Real Estate Tax Partner
CohnReznick LLP announced that Arkadiy (Eric) Green, CPA,has joined the firm as a tax partner in its Commercial Real Estate practice.
Cinnaire Joins CPC Mortgage Company to Form the Industry’s Only Impact-Driven Multifamily Mortgage Lender
Cinnaire announced that it has closed on an ownership position in CPC Mortgage Company, a national mortgage lending company specializing in multifamily agency finance products.
WinnCompanies Completes $49.3 Million Rehab of Historic Apartment Community after Extending Affordability for 45 Years
WinnCompanies celebrated the completion of an extensive $49.3 million rehabilitation project to repair and modernize a 284-unit affordable housing community built inside the historic former leather tannery that helped make Peabody, MA, a worldwide hub for leather manufacturing in the early 1900s.
KeyBank Provides $74M of Financing for Affordable Housing Property in Ohio
KeyBank Community Development Lending and Investment (KeyBank) is providing $74 million of financing to help Indianapolis-based Kittle Property Group develop a new affordable housing community in Columbus, OH.
Dakota Partners Celebrates Grand Opening of Depot Village
Dakota Partners announced the official grand opening of Depot Village at 171 Phillips St in Hanson, MA.
Merchants Capital Adds Chief Architect to Team
Merchants Capital announced that Margaret Lehto has joined the firm as chief architect.
WinnDevelopment and Opal Real Estate Transform 31 Elm Street in Springfield
The City of Springfield, MassHousing, MassMutual, MGM Springfield, WinnDevelopment and Opal Real Estate Group jointly announced the closing of construction financing ($48.5 Million in funding) and the conveyance of 31 Elm Street in downtown Springfield.
APAH Receives CORES Certification
APAH announced its CORES certification. The Certified Organization for Resident Engagement & Services (CORES) Certification recognizes organizations that have developed a robust commitment, capacity and competency in providing resident services coordination in affordable rental housing.
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.