Member News

Merchants Capital announced that it secured more than $14.3 million for the development of Union at Purple Heart Trail, a 240-unit affordable housing community in Wichita, KS.

Lument announced it has entered into an exclusive correspondent relationship with Arcus Harbor Real Estate Capital under which Arcus Harbor will refer all Fannie Mae, Freddie Mac and FHA loans it originates to Lument for underwriting, processing and closing.

Nixon Peabody announces the addition of five land use attorneys to its Boston office.

Standard Communities has made its second investment in Minnesota in a month, acquiring a 100 percent affordable community in Duluth.

ICAST’s vice president of grant programs, Ryan Kristoff, recently received an award from the American Council for an Energy-Efficient Economy (ACEEE). ACEEE’s Champions of Energy Efficiency in Buildings awardees are chosen for their innovation, impact and leadership.

ICAST has launched Finance for Impact, a 501c3 nonprofit investment firm that invests in clean energy assets nationally, providing tax equity financing and owning clean energy assets that directly benefit low-income and disadvantaged communities (LIDACS).

Hunt Capital Partners, in collaboration with co-developers Bonner Carrington and Sycamore Strategies, announced the closing of Cypress Creek Apartment Homes at Montfort Drive (Cypress Creek).

The Community Builders, along with Detroit Mayor Mike Duggan and City, State and Federal officials, joined funders and Corktown residents to break ground on Preserve on Ash I, made possible by a $30 million Choice Neighborhoods grant HUD awarded to the city of Detroit in 2021.

Standard Communities has made its first investment in Minnesota, acquiring Rivertown Commons, a 96-unit 100 percent affordable community for seniors and individuals with disabilities in Stillwater.

KeyBank Community Development Lending and Investment (CDLI) provided $17.9 million in Federal LIHTC, and a $19.3 million construction loan for the construction of Camas Flats, a new affordable housing in Oak Harbor, WA.

Join the experienced Production Team at Churchill Stateside Group (CSG) for an insightful and informative webinar delving into various aspects of the current lending market.

The Architectural Team announced that its founder, Robert J. Verrier, FAIA, NCARB, has been posthumously recognized with Preservation Massachusetts’ highest honor, the Paul & Niki Tsongas Award, given to people who have displayed the highest level of commitment to historic preservation.