Member News

USA Properties Fund announced it has become a partner in two affordable apartment communities in fast-growing Reno, ensuring that low-income residents can remain in their homes – and will also soon enjoy the results from a multimillion-dollar rehabilitation of the properties.

Jessica Mackenzie, senior director of Capital Markets at Standard Communities, was named a GlobeSt. Woman of Influence in the Finance Executive category.

Dominium announced the hiring of two highly respected female leaders to executive positions with the company.

KeyBank announced its continuation to expand in the affordable housing and CDFI space with the investment of $1.75 million in The Good Jobs Fund. The Good Jobs Fund, created by CEI Ventures, will create economic opportunities in hard-to-serve markets and ensure that good jobs are created for overlooked populations and communities.

Harkins announced the promotion of Mark Kelehan to the position of vice president of Affordable Housing. Kelehan began his career at Harkins as an assistant site manager trainee in 1989.

Dakota Partners announced that Woodland Cove, a new community located minutes from the Cape Cod bridges, moved one step closer to welcoming new residents with the closing of its final phase of financing.

Merritt Community Capital has welcomed Welton Jordan as a new board member.

The New York office of leading multifamily financial services provider Merchants Capital announced it has provided more than $13 million in financing to a joint venture between Gorman & Company and the Gary Housing Authority (GHA) for the rehabilitation of the historic Carolyn Mosby Apartments in Gary, IN.

Jonathan Rose Companies announced the acquisition of Englewood Gardens, the 11th deal to close into the Rose Affordable Housing Preservation Fund V. Englewood Gardens is a 13-building, 167-unit, family-designated scattered-site Section 8 property located in Chicago’s Englewood neighborhood.

MassHousing has closed on a total of $4.1 million in affordable and workforce housing financing to E3 Development LLC, to support the transformation of a public parking lot at 31 Tufts Street in East Somerville into 16 new units of affordable and workforce rental housing.

Dakota Partners announced it has secured all financing and approvals to close on Phase 1 of The Rail Yard, a new affordable housing apartment community that will feature housing for local residents earning between 30 and 60 percent of the Area Median Income.

KeyBank Real Estate Capital has appointed three new relationship managers focused on affordable housing to expand community development lending and investment (CDLI) activity in the Southeast and Northwest.