KeyBank Community Development Lending and Investment (CDLI) and KeyBanc Capital Markets provided $71.8 million in construction and permanent 501(c)(3) bond financing, utilizing a combination of direct bank debt and Fannie Mae forward MBS Tax-Exempt Bond (MTEB) for Greenfield Commons Phase 1. Greenfield Commons is a 100-unit affordable housing project, located in Greenfield, CA, 33 miles southeast of Salinas, CA.
Related Posts
CSG’s Unlocking Opportunities: Innovations in Lending and Financing Workforce & Affordable Housing
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.
TAT Honored by Preservation Mass. for Transforming Historic Landmarks
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.
SRM Closes on Rare Purchase of Two 14-Story Towers in First Hill; Permanently-Preserves More than 350 Workforce Housing Units
SRM announced the purchase of ‘The Mill at First Hill, two buildings in Seattle’s First Hill neighborhood, which will permanently preserve 358 units of workforce housing.
Trinity Financial to Turn Blighted Property into New Housing
KeyBank Community Development is making a $27 million equity investment and nearly $25 million construction loan to Trinity’s 85 Tremont project, The Aeolian Company building, a manufacturing facility for automatic player pianos established in 1887 and a significant part of Meriden’s history.