Member News
Standard Communities Leads Public-Private Partnership to Acquire and Preserve Affordability of Two Senior Living Communities in Chicago
Standard Communities announced its public-private partnership acquiring two senior 100 percent affordable communities totaling 466 units in Chicago and its suburbs.
Hunt Capital Partners Invests in Westheimer Garden Villas Development for Seniors in Houston
Hunt Capital Partners, in collaboration with Texas Inter-Faith Housing Corporation, a 501(c)3 Texas nonprofit organization, announced the closing of $13.8 million in Federal LIHTC and $194,580 in federal energy efficiency 45L credit equity financing for the construction of Westheimer Garden Villas.
Beacon Communities and Harborlight Homes Close on Financing to Reimagine Beverly’s Former Briscoe School
Beacon Communities and Harborlight Homes announced that they have closed on financing to redevelop the historic former home of the Briscoe School into a mixed-use community, centered around affordable housing for seniors, to be called Beverly Village for Living and the Arts.
Fannie Mae Selects The Community Builders to Help Advance Racial Equity in Housing through Innovation Challenge
The Community Builders (TCB) announced it has been awarded one of five contracts under Fannie Mae’s $5 million 2022 Sustainable Communities Innovation Challenge, a nationwide competition to help advance racial equity in housing.
CohnReznick Elevates 19 Professionals to Partner/Principal
CohnReznick LLP announced that it has elected 19 professionals to its partnership, effective February 1, 2023.
$24.3M financing secured for six affordable housing assets in Seattle
JLL Capital Markets announced that it has secured $24.3 million in acquisition financing for a six-asset affordable housing portfolio, consisting of 354 small efficiency dwelling units (SEDUs) located in infill Seattle, WA.
USA Properties Fund Starts Construction to Provide More Workforce Housing in La Mesa
USA Properties Fund announced it has started construction on 8181 Allison, an affordable apartment community in La Mesa that will provide much-needed housing to residents, from early-in-their-career teachers and emergency responders to retirees living on a fixed income – all adjacent to public transportation.
Merchants Capital Secures $77MM+ for New Affordable Housing Project in Saint Paul, MN
Merchants Capital announced it has provided more than $77 million in financing for the development of Soul, an affordable, mixed-use development in Saint Paul, MN.
KeyBank Provides $100M of Financing for Affordable Housing Property in Maryland
KeyBank Community Development Lending and Investment (CDLI) provided a $100 million bridge loan to Fairfield, a multifamily owner/investor based in San Diego, CA, for Villages at Marley Station, an apartment community located in Glen Burnie, MD.
MassHousing Closes on $13.5M in Financing for Riverside Towers in Medford
MassHousing has provided $13.5 million in affordable housing financing to a joint venture consisting of Schochet Companies (Schochet) and Jonathan Rose Companies (Rose) for the preservation of affordability, property renovations and the enhancement of resident services at the 199-unit Riverside Towers for the elderly in Medford.
$10 Million Pritzker-Traubert 2022 Chicago Prize Awarded to TCB Collaboration with Garfield Park Rite to Wellness
The Community Builders announced that Garfield Park Rite to Wellness collaborative was announced the winner of the Pritzker-Traubert 2022 Chicago Prize.
WinnCompanies Promotes Five to Vice President and Senior Vice President Roles
WinnCompanies announced the promotion of five team members to vice president and senior vice president positions for the company.