Member News
Stratford Capital Group Announces Closing of Weston Landings Apartments
Stratford Capital Group is pleased to announce the closing of Weston Landings Apartments, a new 64-unit affordable housing development located in Whiteville, North Carolina. All units will be income-restricted to households earning 60% or less of Area Median Income (AMI), with 26 units reserved for households earning 50% or less of AMI.
Lument Closes $10.7 Million Fannie Mae Loan for the Acquisition of Arizona Multifamily Community
Lument announced the closing of a $10.7 million Fannie Mae loan for the acquisition of the Village at Camelot, an 80-unit garden-style multifamily community in Buckeye, Arizona (Maricopa County). Built in 1986, the Village at Camelot consists of five one-story residential buildings and a leasing office.
National Equity Fund closes a $444 Million Preservation Deal
The NEF secured one of the largest single preservation transactions in the history of the affordable housing industry. The $444 million Albuquerque and Portland Portfolio preservation deal that preserves more than 2,700 units, the largest in NEF’s history, supports the owner Guardian Real Estate Services and underscores an innovative, collaborative partnership between two leaders in […]
Pennrose Celebrates Garfield Terrace Phase I Grand Opening and Phase II Groundbreaking
Pennrose, Butler Housing Company, CBC Financial Corp, the City of Phoenix, the Arizona Department of Housing, and project partners gathered to celebrate significant progress on Garfield Terrace, a $57 million, multi-phase development bringing 120 high-quality, affordable senior apartments to Downtown Phoenix’s Garfield Historic District.
Churchill Stateside Group closed a $11 Million Tax-Exempt Construction Loan to finance Canal Crossing
Churchill Stateside Group closed a $11 Million Tax-Exempt Construction Loan to finance Canal Crossing, a 49-unit affordable adaptive re-use, LIHTC senior housing development located in New Orleans, Louisiana. The project involves the adaptive re-use of a historic building, blending affordable housing development with architectural preservation in the heart of New Orleans. Once completed, the property […]
Cinnaire Celebrates Grand Opening of The Mark McDaniel Apartments at Andy’s Place
Permanent Recovery Supportive Housing for Families Cinnaire celebrated the grand opening of The McDaniel Apartments at Andy’s Place II, a major expansion of Michigan’s first Permanent Recovery Supportive Housing (PRSH) initiative. The newly completed development adds 26 affordable apartments and vital recovery services to serve expectant families overcoming opioid addiction. The new phase is named […]
Pennrose Celebrates Grand Opening of Residences at Harper
Pennrose, Mayor Quinton Law, and project partners celebrated the grand opening of Residences at Harper, a 76-unit affordable family housing community in Moorestown, New Jersey. The development is 100% affordable, with all units available at 30% to 60% of the Area Median Income (AMI). Speakers at the grand opening celebration included Noah Freiberg, Senior Developer, […]
Churchill Stateside Group Announces Addition of Thais Pepe, VP of Originations
Churchill Stateside Group announced the addition of Thais Pepe as vice president of originations. Over the past five years, Pepe has led business development efforts across Florida and Georgia, successfully closing approximately $240 million in construction and permanent financing. Her work has supported the development of more than 7,000 affordable housing units, contributing to over $2.1 […]
Dominium Announces Yvette Gallegos as VP of Operations
Dominium announced the promotion of 13-Year Veteran Yvette Gallegos to vice president of operations. In her new role, Gallegos will oversee the Operations Department’s day-to-day activities and will play a key role in advancing organizational initiatives and strategic projects.
Dominium Announces Addition of Two Vice Presidents in Property Management
Dominium announced it has hired two new vice presidents to fill roles in property management. Reba Will was named vice president of compliance and Ryan Bosolet was named vice president of property management for the company’s Mountain West portfolio. As vice president of compliance, Will is responsible for overseeing and ensuring the adherence to regulatory standards, […]
Pennrose Announces Adriana Guzzo as Vice President of Transition Management
Pennrose announced the appointment of Adriana Guzzo as vice president of transition management. Guzzo will serve as the primary liaison between Pennrose’s development arm and Pennrose Management Company (PMC), tasked with leading the integration of newly constructed and renovated properties into PMC’s operations.
Housing Authority of the City of Camden Selects Michaels to Modernize Three Public Housing Communities
The Michaels Organization announced its selection by the Housing Authority of the City of Camden (HACC) to revitalize three senior housing communities in the city – Kennedy, Westfield, and Mickle Towers. The three communities, which were each built over 50 years ago, collectively comprise 295 age-restricted affordable housing units, in addition to the HACC headquarters in Kennedy […]