Industry News

Federal Government Shuts Down After Congress Fails to Pass Spending Bill

The Federal Government was forced to shut down at midnight on January 19 after Congress failed to pass a Continuing Resolution (CR) to extend funding.  The Senate is expected vote again on a new CR on January 22; however, at time of press it was still unclear if a compromise can be reached.  In the meantime, […]

Tax Reform Signed Into Law; PABs, Historic, NMTC Preserved

Today, the Senate and House have both passed the conference report of HR 1 – the GOP’s tax overhaul plan. The bill is expected to be signed into law by President Trump later this week.

Economic and Fixed Income Insights as of January 17, 2018

Presented by Stifel, Nicolaus & Company, Incorporated Last Friday, inflation data surprised markets as the pace of price growth unexpectedly accelerated in December on rising housing costs.  Excluding food and fuel, core consumer prices rose 1.8 percent year-over-year.  The pickup has bolstered expectations for a March rate hike and reinforces the projection for three total […]

Member News

Enterprise and CPDC Combine Resources and Talents to Preserve Affordable Homes, Expand Opportunity in the Mid-Atlantic

Communities throughout the Mid-Atlantic will benefit from the combination announced today between Enterprise Community Investment(Enterprise) and Community Preservation and Development Corporation (CPDC). CPDC has over 30 properties providing homes to more than 10,000 residents in the Mid-Atlantic, and will operate as an affiliate of Enterprise. In total, Enterprise has created 470,000 affordable homes, including 144,000 homes through the […]

Related California and Deutsche Bank Announce $458.5MM Construction Financing for 1500 Mission Street in San Francisco

Related California and Deutsche Bank today announced they’ve closed on California’s largest-ever construction financing with tax-exempt bonds, totaling $316.8 million, to finance construction costs for its new development at 1500 Mission Street. The tax-exempt bonds will be purchased by Deutsche Bank (NYSE: DB), as will the balance of the financing, $141.7 million of variable rate […]

Mercy Housing and NAHT Close on $14.3M of Equity to Benefit Rehabilitation of Holly Park Apartments

With a focus on leveraging housing as a platform to ensure access to social services opportunities for low-income families, National Affordable Housing Trust (NAHT) is proud to announce the closing of Holly Park. NAHT closed on the property in partnership with Goldman Sachs Bank and Mercy Housing. Equity financing for the renovation of Holly Park Apartments […]

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