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NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Member News

Churchill Stateside Group Closes Two New Construction Loans Totaling $37.1M

Churchill Stateside Group, LLC (CSG) announced the closing of two new construction loans on two communities set to deliver 278 affordable housing units to Wilmington, NC.

Member News

Merchants Capital Provides $103 Million+ in Total Financing for the Rehabilitation of Woodlawn

Merchants Capital’s Chicago office announced that it provided more than $54 million of debt and $49 million in LIHTC equity financing for the rehabilitation of Island Terrace, a 21-story affordable apartment complex located across from the Obama Presidential Center in Chicago’s Woodlawn neighborhood. Preservation of Affordable Housing, Inc. closed the complex financing structure on Dec. 20, 2023.

Member News

Merchants Capital New York Provides $1.7 Billion in 2023 Financing, Surpassing 2022 Office Record 

Merchants Capital’s New York office announced a total production volume of $1.7 billion for 2023, surpassing its record-breaking $1.3 billion debt production volume in 2022.

Member News

USA Properties Fund Starts Construction on Terracina at Westpark in Roseville, CA 

USA Properties Fund has started construction on Terracina at Westpark, an affordable apartment community in west Roseville, CA that will provide much-needed housing for residents, from early-in-their career professionals and hardworking families saving for their first house to retirees living on a fixed income.

Member News

WinnCompanies Department Transforms into a Nonprofit to Expand Its Reach and Pursue New Funding to Serve More Residents of Multifamily Communities 

WinnCompanies announced the launch of the Connected Communities Foundation (CCF), a nonprofit organization dedicated to the creation and growth of community-based programs, services and public policies that support and track better outcomes and opportunities for affordable housing residents across the country.

Member News

Woda Cooper Companies Opens Stanton Park in Atlanta 

Woda Cooper Companies, Inc. and Parallel Housing, Inc. hosted a grand opening and ribbon-cutting at the new 56-unit Stanton Park Apartments.

Member News

Woda Cooper Companies Celebrates Groundbreaking for Carmichael Commons in Madison, GA 

Co-developers Woda Cooper Companies, Inc. and Parallel Housing, Inc. held a ceremonial groundbreaking today for the 60-unit Carmichael Commons townhome community now under
construction in Madison, GA.

Member News

Merchants Capital Secures $175.1 Million+ for the Development of Adjacent Multifamily Properties 67 Flats and Juniper Square in Arizona 

Merchants Capital’s Washington, DC office announced it has secured more than $86.2 million in Freddie Mac four percent Low Income Housing Tax Credit Tax-Exempt Loan (TEL) Forwards for the construction of Juniper Square, a senior living community, and 67 Flats, a family housing development, both to be constructed in Glendale, AZ.

Member News

Newmark Lands Leading National Affordable Housing Advisory Team 

Newmark Group, Inc. announced it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap.

Member News

Pennrose Completes 2,500 Affordable Homes in Maryland 

Pennrose is proud to celebrate over 20 years of affordable housing development and management in Maryland with the completion of the Cherry Hill Senior Manor rehabilitation.

Member News

X-Caliber Capital Publishes Whitepaper on IRA Benefits for Multifamily Owners

X-Caliber Capital published a whitepaper that delves into the substantial tax advantages of the Inflation Reduction Act (IRA) for multifamily property owners.

Member News

Groups Launch New, Online Decarbonization Resource Hub 

Enterprise Community Partners, Housing Partnership Network, and the Rocky Mountain Institute launched the Affordable Housing Decarbonization Hub, a digital space offering housing providers access to resources and information to pursue equitable decarbonization.

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