Member News

Churchill Stateside Group closed a $5.2 million equity bridge loan in support of a 4% LIHTC transaction for Pickens Gardens, a 76-unit affordable housing community in Pickens, South Carolina serving mixed family and senior tenants at 60% AMI.

Cinnaire closed a $307 million LIHTC equity fund, the Fund for Housing Limited Partnership 45 (Fund 45). This fund will finance the creation and preservation of 2,259 affordable housing units across 27 properties in ten states, directly benefiting 5,196 residents.

KeyBank Real Estate Capital announced that Bill Lafferty has joined the organization as a senior mortgage banker within its Commercial Mortgage Group.

Pennrose and MidTown Cleveland celebrated the groundbreaking of the Warner & Swasey redevelopment, launching construction on a long-awaited adaptive reuse of the historic former manufacturing facility located at 5701 Carnegie Avenue in Cleveland’s MidTown neighborhood. The rehabilitation will transform the 194,000 square-foot, five story building vacant since 1985 into a vibrant mixed-use, 140-unit mixed-income community.

Pennrose broke ground on 95 Everett Street, an 88-unit mixed-income housing development in the Allston-Brighton neighborhood of Boston.

Dominium acquired Sunrise Pointe, a 208-unit multifamily housing community in Port Orange, Florida. Originally built in 2001 using 4% LIHTC, Sunrise Pointe will continue to serve residents at 60% AMI.

Merchants Capital provided more than $99 million in debt and tax credit equity financing for The Elex, a 296-unit mixed-use, mixed-income workforce housing community in Fort Wayne, Ind. The Elex is part of the Electric Works site, a redeveloped General Electric industrial campus that celebrated its grand opening last month.  

Pennrose and OUR Center are opening the Aspen Center for Child Development, a Reggio Emilia-inspired early care and education center built into the Ascent at Hover Crossing development in Longmont, Colorado. 

Pennrose and project partners celebrated the grand opening of Good Shepherd, a 55-unit affordable senior housing community for adults 62+ at the former Good Shepherd Presbyterian Church site in Philadelphia’s Overbrook neighborhood.

Merchants Capital announced the addition of April Moreland as SVP, GSE Chief Underwriter, based in the company’s Washington, D.C. office. April will support the expansion of Merchants’ Government Sponsored Enterprise (GSE) platform.

Cinnaire’s Chief Impact Officer Jennifer Everhart received the 2026 Terrence R. Duvernay Award at the Building Michigan Communities Conference for her leadership in advancing affordable housing initiatives.

United Way of Massachusetts Bay honored Larry Curtis, Chairman of WinnDevelopment, with the 2026 Norman B. Leventhal/Edwin N. Sidman Real Estate & Building Industry Leadership Award in recognition of his professional achievements and philanthropic impact on communities.