Member News

Enterprise Community Partners, Housing Partnership Network, and the Rocky Mountain Institute launched the Affordable Housing Decarbonization Hub, a digital space offering housing providers access to resources and information to pursue equitable decarbonization.

CREA successfully closed $1.35 billion of total equity, contributing to the creation of 7,316 affordable homes within 79 communities and 26 states.

Hunt Capital Partners (HCP) has announced the ownership transfer of two LIHTC properties to housing authority partners and affiliates.

Hunt Capital Partners (HCP), in partnership with Smith & Henzy Affordable Group, Inc. and Deerfield Beach Family Empowerment, Inc. (DBFE), announced the closing of $16.2 million in Federal LIHTC for the acquisition and rehabilitation of Palms of Deerfield Townhomes.

Merchants Capital’s New York office announced that it has provided a $348 million Mortgage-Backed Securities (MBS) loan from Fannie Mae to support the rehabilitation of New York City Housing Authority (NYCHA)’s Reid Apartments and Park Rock Consolidated (Reid Park Rock), a $635.6 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations for nearly 3,500 residents living in 87 buildings across Brooklyn.

Merchants Capital’s Washington, DC office announced it has secured more than $86.2 million in Freddie Mac four percent Low Income Housing Tax Credit Tax-Exempt Loan (TEL) Forwards for the construction of Juniper Square, a senior living community, and 67 Flats, a family housing development, both to be constructed in Glendale, AZ.

Newmark Group, Inc. announced it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap.

Pennrose is proud to celebrate over 20 years of affordable housing development and management in Maryland with the completion of the Cherry Hill Senior Manor rehabilitation.

X-Caliber Capital published a whitepaper that delves into the substantial tax advantages of the Inflation Reduction Act (IRA) for multifamily property owners.

Cinnaire Lending Corporation (CLC), a certified Community Development Financial Institution has been awarded a $5 million Equity Equivalent investment, or EQ2, from Fifth Third Bank.

On December 13, The Community Builders, in partnership with the Richmond Redevelopment and Housing and the City of Richmond, completed the financial closing for the first phase of vertical construction in the Creighton Court redevelopment, one of Richmond’s oldest public housing communities.

JLL Capital Markets announced that Senior Directors Rasto Gallo and Mike Klaskin have joined the firm’s national affordable housing investment sales advisory team, where they will support JLL’s efforts nationwide in the execution of affordable housing transactions with a focus on the Midwest.