Member News
MassHousing Partners with Madison Park CDC, POAH, JCHE, Others to Preserve 4 Affordable Senior Housing Projects
Senior citizens living in four affordable housing communities in Boston, Framingham, Newton and New Bedford will see the preservation of affordability and extensive property renovations as a result of $102.7 million in MassHousing financing.
RED Capital and The Michaels Organization Close RAD Deal in Philadelphia
Courtyard at Riverview in Philadelphia required a $31.75M FHA Section 221(d)(4) loan and $39.73M of tax-exempt bonds for the rehabilitation of Courtyard at Riverview in Philadelphia, PA.
Conifer Announces Betty Perry as new RVP for Property Management on Long Island
Ms. Perry brings over 20 years of experience overseeing a diversified portfolio of mixed use properties.
The Woda Group Announces Construction of Mixed-Use, Mixed Income Development in East Point, GA
It is one of the first affordable housing developments in the area projected to earn the LEED Gold certification by the U.S. Green Building Council.
The Woda Group Announces Construction of Senior Community in Circleville, OH
The project was made possible with state housing tax credits as well as historic tax credits.
Lancaster Pollard Housing Group Expands Presence in Mid-Atlantic and Northeast
Lancaster Pollard’s housing group has announced that Adam Diehl will expand his territory in the mid-Atlantic and Northeast regions to cover a total of nine states. Diehl was promoted to vice president in early 2016.
Dominium Promotes Owen Metz to Vice President and Project Partner
Metz will be responsible for originating and overseeing new project development, financing and acquisitions.
Greystone’s Seniors Housing Lending Team Closes $204 Million in Financing in Q4 2016
The $204,701,800 in capital represents a variety of financing platforms, including Agency loans, debt placement with national banks, and mezzanine financing for both acquisition, refinancing and new construction of 1,699 total seniors housing and multifamily units.
Enterprise Advisors Expands Service to Public Housing Agencies
Enterprise Advisors will partner with PHAs, offering a range of organizational, programmatic, technical assistance and financial services
Cherrytree Group Closes on Individual Investor Fund, Investing in Three Commercial Scale Solar Arrays
The Massachusetts-based tax credit advisory firm’s recent investor tax credit fund includes the largest solar array in New Hampshire.
Cinnaire Completes Rehabilitation of 161-Units of Affordable Housing in Detroit
The project required a multi-tiered source of financing, which included $3.6M in Federal Historic Tax Credits, $15M in Federal Low Income Housing Tax Credits, a $6M FHA loan, a renewal of Section 8 rental subsidy, $500K Federal Home Loan Bank of Indianapolis Affordable Housing Program Funds and vacant city owned property that was utilized for secure parking.
Boston Capital’s Katherine Alitz Receives CARH Recognition
The Council for Affordable Rural Housing (CARH) named Katherine M. Alitz, a Senior Vice President of Boston Capital, as the 2016 Member of the Year.