Member News
Pennrose Awarded 624 Additional Affordable Housing Units by New York City Housing Authority
In January, Pennrose, Hunt and Acacia Network were selected to address over $400 million in capital needs across NYCHA’s portfolio. Mayor de Blasio announced the expanded redevelopment plans in a press conference held June 25.
Enterprise’s Home & Hope Identifies Underutilized, Tax-Exempt Sites Ripe for Affordable Housing Development in Seattle Area
The mapping tool currently under development will identify underutilized public and tax-exempt sites throughout King County, Washington.
NHP Foundation Affiliate Named First CORES Certified Resident Services Program in U.S.
Operation Pathways, Inc. has been selected as the first Certified Organization for Resident Engagement & Services (CORES) by the Stewards of Affordable Housing for the Future (SAHF). The CORES Certification recognizes organizations that have “developed a robust commitment, capacity, and competency in providing resident services coordination in affordable rental housing.”
Beacon Communities to Host Groundbreaking at North Square at The Mill District
Beacon Communities will host a groundbreaking ceremony at 2 p.m. on June 14 with state and local officials and community members for a long-awaited mixed-use development at North Square at The Mill District.
Riverside Capital Welcomes Three New Executives to its Team
Riverside Capital, a national tax credit syndicator, today announced the addition of three new executives to its team: Drew Ries, Joshua Levy, and Matthew Haas.
Pennrose’s New Brunswick Performing Arts Center Wins NAIOP Mixed-Use Deal of the Year
New Brunswick Performing Arts Center is a $171.8 million, 450,000-square-foot redevelopment project that includes two world class theatres, 207 apartments, 30,000 square feet of office space and a parking garage.
Beacon Preserves Affordability of Brockton Housing Communities With $14.5 Million in MassHousing Financing
MassHousing has closed on a total of $14.5 million in affordable housing financing to Beacon Communities LLC, for the rehabilitation and preservation of affordability of 570 apartments at two related Brockton housing communities, the 300-unit Chatham West I and 270-unit Chatham West II.
Related California Property Receives Design Awards
The American Institute of Architects in San Francisco (AIASF) has honored Five 88 as 2018 Merit Design Award Winner.
Dominium and National Housing Trust Hosts Grand Re-Opening of Courtyard Apartments in Cincinnati, Ohio
Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the grand re-opening of Courtyard Apartments in Cincinnati, Ohio on Wednesday, May 16th. This re-opening celebrates a remodel of all 137 units and common spaces made possible by a partnership with the National Housing Trust.
Dominium Hosts Grand Re-Opening of Castlewood Apartments in Davenport, Iowa
Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the grand re-opening of Castlewood apartments in Davenport, Iowa on May 21st. The re-opening ceremony celebrates the development’s first renovation since it was constructed in 1980.
Senior Housing Community On Nantucket Will Be Renovated, Have Affordability Extended For Perpetuity With $1.5 Million in MassHousing Financing
MassHousing has provided $1.5 million in financing to an affiliate of HallKeen Management. The MassHousing funding will enable HallKeen Management to make renovations to Academy Hill, a 27-unit mixed-income housing community for senior citizens on Nantucket, and to preserve affordability at Academy Hill’s affordable units for perpetuity.
Regions Bank Integrates Community Investment Capital and Syndication Businesses into Combined Regions Affordable Housing Division
Regions Community Investment Capital and Regions First Sterling (formerly First Sterling) have combined to become Regions Affordable Housing, a national Low Income Housing Tax Credit (LIHTC) syndication firm and leader in affordable housing.