KeyBank provided a $16.5MM taxable construction loan, a $9.4MM federal LIHTC equity investment, and a $8.2MM state LIHTC investment on behalf of National Church Residences to finance the new construction of Clover Glen II, a 96-unit affordable housing project for seniors aged 55+ in Galloway, Ohio.
Pennrose, the Redevelopment Authority of Prince George’s County, B&W Solutions Inc., and SHABACH! Ministries, Inc. broke ground on Glenarden Hills Phase IV, the 73-lot for sale townhome final phase of the Glenarden Hills Redevelopment, expected to be completed by the end of 2027.
Pennrose and the Newport News Redevelopment and Housing Authority broke ground on the 73-unit Choice Neighborhood V – Downtown at 2815 Washington Avenue, the fifth and final housing phase of the Marshall-Ridley Choice Neighborhood Initiative.
Beacon Communities, the City of Boston, and the Boston Housing Authority completed the redevelopment of The Anne M. Lynch Homes at Old Colony in Boston, MA, culminating a 20-year long project. Old Colony is now a community of 887 homes across a mix of mid-rise and townhome buildings, replacing all 845 original units.