Member News

Member News

EAH Housing’s Welton Jordan Joins the Board of Directors for Merritt

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

Member News

Merchants Capital Finances $13M for Historic Affordable Housing in Gary, IN

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.

Member News

Jonathan Rose Companies & 5 T Management Acquire Englewood Gardens

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.

Member News

MassHousing Closes on $4.1M in Financing for the Development of 31 Tufts Street in Somerville

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.

Member News

Dakota Secures Financing for Phase 1 of the Rail Yard in Concord, NH

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.

Member News

KeyBank Continues to Expand its Community Development Lending and Investment Team Nationwide

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.

Member News

Dakota Partners Closes Final Financing Phase for Woodland Cove

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.

Member News

Cinnaire Joins CPC Mortgage Company to Form the Industry’s Only Impact-Driven Multifamily Mortgage Lender

Cinnaire announced that it has closed on an ownership position in CPC Mortgage Company, a national mortgage lending company specializing in multifamily agency finance products.

Member News

WinnCompanies Completes $49.3 Million Rehab of Historic Apartment Community after Extending Affordability for 45 Years

WinnCompanies celebrated the completion of an extensive $49.3 million rehabilitation project to repair and modernize a 284-unit affordable housing community built inside the historic former leather tannery that helped make Peabody, MA, a worldwide hub for leather manufacturing in the early 1900s.

Member News

Churchill Stateside Group Closes a record $42.6 Million USDA Rural Development 538 Loan in Flagler Beach, FL

Churchill Stateside Group, LLC (CSG) announced the closing of financing for a new-construction workforce housing project in Flagler Beach, FL. Preserve at Flagler will consist of 240 units catering to family tenancy.

Member News

Dwight Capital & Dwight Mortgage Trust Finance $377MM in June 2022

Dwight Capital and its mortgage REIT affiliate, Dwight Mortgage Trust, closed $377MM of loans in the month of June.

Member News

Fred D. Scott Joins Red Stone Equity

Red Stone announced the hiring of Fred D. Scott. Scott serves as director of impact investments at Red Stone Equity Partners with primary responsibility for overseeing Red Stone’s efforts in building an investment platform utilizing non- tax-oriented capital focused on underserved markets.

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