Bill Witte, chairman and CEO of Related California, was honored by the Los Angeles Business Council (LABC) with the Chairman’s Award at their 17th annual Mayoral Housing, Transit and Jobs Summit Awards ceremony. This award is given to an individual who has distinguished themselves for their work providing housing to all individuals.
The LABC works to unite the power of business with the power of government for education and advocacy to promote environmental and economic sustainability.
Merchants Capital announced that it has expanded its executive leadership team with the promotion of Chris Messmann to executive vice president.
Woda Cooper Companies and Cherry Health announced that Michigan State Housing Development Authority has awarded housing tax credits to Shea Ravines, a new $18.2 million 56-unit affordable housing community with 20 Permanent Supportive Housing (PSH) units in Wyoming, MI.
KeyBank secured $54.9 million for Hudson Valley Property Group to refinance Grandview Terrace Apartments, a 283-unit affordable multifamily property located in Jersey City, NJ.
The Community Builders and Ascendant Neighborhood Development announced that The Beacon in East Harlem, NY was selected a winner in the fourth round of New York State Energy Research and Development Authority’s (NYSERDA’s) Buildings of Excellence competition for the design of a low-carbon emitting multifamily building.