Member News Category Archives

Hunt Closes on $8.2 Million Financing in Washington State

Hunt Capital Partners said it and developer Housing Initiatives LLC closed on more than $8.2 million in Low Income Housing Tax Credit equity financing for the construction of 46 units of affordable multifamily housing in Vancouver, WA, to house the homeless. The Vancouver Housing Authority will provide public housing subsidies for the apartments, Hunt said. 

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Graham Joins CohnReznick as Tax Partner

CohnReznick LLP announced that Joshua (Josh) Graham joined the firm as a tax partner in its commercial real estate practice. Based in the Chicago metro area, he has extensive public accounting experience in the construction and real estate industries, and with the Opportunity Zone (OZ) program, the firm said.

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Woda Opens Mixed-Income Property in Michigan

Woda Cooper Companies announced it held a grand opening and ribbon-cutting to celebrate the new $14 million Osborn Commons in downtown Sault Ste. Marie, MI. The mixed-income, mixed-use community is located at 215 Governor Osborn Boulevard in the city’s Moloney Alley redevelopment area, targeted in a statewide placemaking initiative by the Michigan Municipal League and Michigan State Housing Development Authority . The City of Sault Ste. Marie provided critical support including a Payment in Lieu of Taxes (PILOT), Woda said. 

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Housing Authority, City of Camden Awarded CNI Grant

The Michaels Organization said the Housing Authority of the City of Camden, NJ, along with the city as co-applicant, were awarded $35 million in Choice Neighborhood Initiative (CNI) funding for the transformation of Ablett Village, a public housing community. Michaels, HACC’s private sector housing partner for Ablett Village, will begin the first phase of the four-phase comprehensive transformation, the company said in its announcement.

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CREA Closes California Fund for 444 Affordable Homes

CREA LLC announced it successfully closed California Tax Credit Fund 84, LP (Fund 84) totaling $132 million of investor equity, which will finance eight affordable housing developments across the state of California. CREA said the impact made by the new and rehabilitated affordable housing properties represents the creation of 444 homes

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