Member News

Leaders from all levels of government joined with residents of the MaryEllen McCormack public housing complex to celebrate the start of Winn Companies’ long-awaited effort to redevelop the historic community, breaking ground on the first phase of construction for the 3,300-unit mixed-income and mixed-use project.

Pennrose, Cove Homes, Inc., and project partners celebrated the grand opening of Soria, a brand-new, mixed-income housing community on Frenchtown Road in East Greenwich, RI.

KeyBank Community Development Lending and Investment (CDLI) provided a $12 million construction loan and invested $16.1 million in LIHTC equity for the construction of Churchill Gateway II, a 70-unit affordable housing family project in Cleveland, OH.

Lument announced the closing of a $33.6 million Freddie Mac loan to facilitate the construction of The Culbreath, a 364-unit affordable seniors housing community in Dallas, on behalf of DHA Housing Solutions of North Texas (DHA) and Volunteers of America National Services (VOANS).

Woda Cooper Companies, Inc. and Cherry Health hosted a groundbreaking ceremony for Shea Ravines, a new 56-unit affordable housing community with 20 Permanent Supportive Housing (PSH) units.

Dominium announced that Senior Vice President of Capital Markets T.J. McElroy has been elevated to Partner status in the company.

Merchants Capital announced $231 million in total financing for the renovation of Eastchester Gardens, a $391 million New York City Housing Authority Permanent Affordability Commitment Together project that spans ten residential buildings in The Bronx.

Lument announced the closing of a $26.8 million HUD/FHA Section 223(f) loan to refinance Tri-Senior Housing for sponsor HDF Companies.

Lument announced the closing of $90.6 million in Fannie Mae DUS® loans to refinance four multifamily communities in Chicago with a total of 654 units.

KeyBank Community Development Lending and Investment (CDLI) provided $43.6 million in construction loans and arranged $7.6 million in permanent loans for the acquisition and rehabilitation of Lee Plaza, in the City of Detroit.

National Church Residences broke ground on the second phase of Bretton Woods, a new 60-unit affordable housing community for older adults in the Northland neighborhood of Columbus.

Cinnaire announced the closing of a $340 million LIHTC multi-investor fund (Fund 43)—the largest investment fund in the organization’s 32-year history.