Hunt Capital Partners announced the closing of $3.6 million in federal low-income housing tax credit equity financing for the acquisition and rehabilitation of Sagebrush Place II, formerly known as Centennial Park. Located on a 2.2-acre site in the heart of Reno, Nev., Sagebrush Place II was originally constructed in 1970, renovated in 2007 with LIHTC […]
Dominium announced that it has acquired Willow Creek Apartments in Mount Juliet, TN, a 144-unit affordable housing development built in 1997. Dominium is committed to keeping Willow Creek Apartments an affordable housing development and is planning a $1.8 million renovation of the property. Willow Creek is Dominium’s ninth development in Tennessee and expands the company’s […]
Mary Grace Folwell—an affordable housing lawyer who has worked in private practice, as well as counsel for a housing authority and general counsel for a national property management company—has rejoined Ballard Spahr’s Real Estate Department in the firm’s Washington, D.C. office. Folwell was a lawyer at Ballard Spahr for ten years and has served as […]
Fairstead and LIHC Investment Group announced a new ground-up development proposal for a mixed-income building at Essex Plaza in Newark, NJ. The six-story, 365,000-square-foot proposed development would consist of 241 residential apartments, ground-floor commercial and amenity space and underground parking. The development would be built as part of New Jersey’s Clean Energy Program, taking a […]
Dominium announced today the closing of the land sale for its tenth new affordable housing development in the state of Georgia. Located in unincorporated DeKalb County, The Meridian will provide 217 affordable apartment homes to the Atlanta metropolitan area once constructed. Development Partners for The Meridian include Winthrop & Weinstine, Kutak Rock, Commercial Partners Title, […]
Rockport Mortgage of Gloucester, MA, announced the closing of a $42.4 million, HUD Section 223(f) refinance loan in Lowell, MA. The transaction will preserve affordability at the rental housing development for 39 years. Market Mill Apartments is a 230-unit affordable housing community serving seniors and families located at 246 and 256 Market Street. The development, […]
KeyBank Real Estate Capital has appointed Brad Tucker to senior mortgage bank to expand community development lending and investment activity, with a focus in affordable housing.
KeyBank Real Estate Capital (KeyBank) provided a $15.2 million Freddie Mac, fixed-rate, Tax-Exempt Loan for Hampstead Midshore Manor Partners (Hampstead) to acquire and rehabilitate an affordable housing apartment community in Midvale, UT.
Dominium announced the closing of the land sales for two new affordable housing communities in Phoenix.
The National Association of Local Housing Finance Agencies (NALHFA) announced its Award of Excellence honorees during its Annual Business Meeting and Award of Excellence Recognition event during the NALHFA Annual Conference held in New York City.