Member News
Ballard Spahr Names Beth Morgan as COO
Ballard Spahr named Elizabeth (Beth) Morgan as the firm’s Chief Operating Officer (COO).
Dominium Hires Steve Gilbert as Vice President of Marketing
Dominium hired Steve Gilbert as Vice President of Marketing.
Merchants Capital Secures $10.8 Million for Floret Hill
Merchants Capital secured $10.8 million in permanent financing for Floret Hill, a 121‑unit affordable housing development in Lawrence, Kansas.
Pennrose Foundation Appoints Christopher Payne to Board of Directors
Pennrose Foundation appointed Christopher Payne to its Board of Directors, where he will serve as Secretary.
KeyBank Provides $34 Million in Support for Clover Glen II
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 Breaks Ground at Glenarden Hills Phase IV
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 Breaks Ground at Choice Neighborhood V in Newport News
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 Completes Redevelopment of The Anne M. Lynch Homes at Old Colony in Boston
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.
MassHousing Begins Construction at Warren Hall in Boston
MassHousing began construction and restoration at the historic Warren Hall building at 329-337 Washington Street in Boston. The restored building will have 37 residential units and three commercial spaces.
Merchants Capital Secures $33.8 Million for Village of Valor in Florida
Merchants Capital secured more than $33.8 million for the construction and financing of Village of Valor, a 54-unit affordable housing community in Palm Springs, Florida for military veterans and their families.
Pennrose Celebrates Opening of Sankofa Village Phase IV in Cleveland
Pennrose celebrated the opening of Sankofa Village Phase IV in Cleveland, Ohio.
The Michaels Organization Founder and Chairman Michael J. Levitt Passes at 94
The Michaels Organization founder and chairman Michael J. Levitt passed away at the age of 94. Levitt created the first scholarship and supportive services programs in affordable housing communities, leading the charge to make affordable housing a holistic community center. He was a longtime NH&RA supporter and passionate advocate for expanded, accessible affordable housing.