Standard Communities has named Feras Qumseya as its chief development officer.
The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $55 million New Markets Tax Credit (NMTC) Allocation.
In partnership with O-SDA Industries, Travis County Housing Finance Corporation, and Saigebrook Development, Hunt Capital Partners (HCP) announced the closing of $14.1 million in Federal LIHTC equity for the construction of Saison North.
Standard Communities announced that it’s established three new, diversified business lines to build on its success of providing high-quality, healthy, environmentally sustainable housing.
Cinnaire announced the award of $3,225,000 Affordable Housing Program (AHP) grants from the Federal Home Loan Bank of Chicago (FHLBank Chicago).
Vitus announced the acquisition of River City Trio in Sacramento.
KeyBank Community Development Lending and Investment and KeyBank Real Estate Capital (collectively, KeyBank) announced a $12.2 million construction loan to the Ingerman Group, a leading developer and manager of affordable multifamily communities throughout the Mid-Atlantic region, for the construction of The Willows at Valley Run in Coatesville, PA.
M&T Realty Capital Corporation® announced that it provided a $25,000,000 bridge loan for the refinance of a 216-unit affordable multifamily property located in Opa-Locka, FL.
“Echo Mountain Fire survivors and Lincoln City residents will have a much-needed affordable apartment community in early 2024 with the groundbreaking of Wecoma Place,” says a press release from Oregon Housing and Community Services.
Congratulations to the NH&RA members that received a New Markets Tax Credit award!
MassHousing, the City of Boston, the Massachusetts Department of Housing and Community Development (DHCD) and Urban Edge, announced the completion of financing for the 65-unit, 1599 Columbus Avenue in Boston, which is part of Jackson Square Redevelopment.
Dominium, a leading affordable housing owner, developer and manager, announced that it has expanded through the hiring of 236 new employees in both corporate and on-site positions.