Member News

The American Institute of Architects in San Francisco (AIASF) has honored Five 88 as 2018 Merit Design Award Winner.

Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the grand re-opening of Courtyard Apartments in Cincinnati, Ohio on Wednesday, May 16th. This re-opening celebrates a remodel of all 137 units and common spaces made possible by a partnership with the National Housing Trust.

Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the grand re-opening of Castlewood apartments in Davenport, Iowa on May 21st. The re-opening ceremony celebrates the development’s first renovation since it was constructed in 1980.

MassHousing has provided $1.5 million in financing to an affiliate of HallKeen Management. The MassHousing funding will enable HallKeen Management to make renovations to Academy Hill, a 27-unit mixed-income housing community for senior citizens on Nantucket, and to preserve affordability at Academy Hill’s affordable units for perpetuity.

Regions Community Investment Capital and Regions First Sterling (formerly First Sterling) have combined to become Regions Affordable Housing, a national Low Income Housing Tax Credit (LIHTC) syndication firm and leader in affordable housing.

The 51 property portfolio spans 16 states and accounts for 7,837 units of affordable housing.  

The Fund represents the first launch and closing of a multi-investor, multi-property national fund post-tax reform for TCEG and speaks to the strength of investor confidence in RBCCM’s tax credit equity syndication platform in uncertain market conditions.

Cinnaire was recently awarded $4.15 million in grants from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Capital Magnet Fund. The grants will be used to support affordable housing and community development throughout Cinnaire’s footprint.

Bank of America Merrill Lynch Community Development Banking (CDB) had a record-setting year in 2017, providing $4.53 billion in loans, tax credit equity investments and other real estate development solutions.

The historic renovation of the original 1937 Roosevelt Hospital brings 84 units of affordable, independent senior housing to Middlesex County.

Ibanez, previously the CDFI Fund’s New Markets Tax Credit (NMTC) program manager and Bank Enterprise Awards program manager, will work with Novogradac’s public policy group in Washington, D.C.

Tidwell Group announced last week that Quinn Gormley has joined Tidwell Group as a partner, and as a leader in our Austin based consulting group. Quinn will prove to be a valuable asset as the firm continues to grow its consulting services.