Member News
Merchants Capital Secures $59M for the Rehabilitation of Maryland-based Affordable Housing Development
Merchants Capital announced more than $59 million in financing for the rehabilitation of Amber Commons, a 198-unit multifamily housing development in Gaithersburg, MD.
CAHEC New Markets Awarded $50 million in 2023 Allocation Round
CAHEC announced that the U.S. Department of the Treasury’s CDFI Fund awarded CAHEC New Markets $50 million of New Markets Tax Credit (NMTC) allocation authority under the CY 2023 allocation round.
WinnCompanies’ Stone Mill Lofts Opens to Residents as One of the First All-Electric Apartment Communities in Massachusetts
WinnCompanies joined with federal, state and local officials to open one of the first all-electric mixed-income multifamily properties in Massachusetts, cutting the ribbon on a $39.2 million adaptive reuse development that transformed the oldest mill in Lawrence, MA, into 86 units of rental housing.
NEF Raises More Than $1 Billion through Homestead Equity Fund
National Equity Fund (NEF) announced that it has raised over $1 billion through the Homestead Equity Fund.
ION Water Expands Leadership Team with New CFO and CCO
ION Water announced key investments in the next step of its growth trajectory by appointing Sean Crandall as chief financial officer (CFO) and Eric Homberger as chief commercial officer (CCO).
Stone Mill Lofts Opens as One of the First All-Electric Apartment Communities in MA
WinnCompanies joined with federal, state and local officials to open one of the first all-electric mixed-income multifamily properties in Massachusetts.
Churchill Stateside Group Closed A $8.2MM Construction Loan & $2.7MM Forward-Committed Permanent Loan for New Construction in Rexburg, ID
Churchill Stateside Group, LLC (CSG) announced the closing of The Summit at Rexburg, a 40-unit new construction Affordable Housing community located in Rexburg, ID.
Churchill Stateside Group Closes $47.7MM in Financing for Construction of a 144-Units in Lake Charles, LA
Churchill Stateside Group, LLC (CSG) announced the closing of Deerwood Apartments, a 144-unit new construction community located in Lake Charles, LA.
Winn Begins Work on $51m Senior Housing Community in Worcester MA
WinnCompanies announced that work has begun on the Residences on Lincoln Square, a $51 million project to transform the historic Worcester Boys Club building and property into 80 affordable apartment homes for adults 55 and older.
Lument Closes $42.7M Freddie Mac Loan for Acquisition of Rent-Restricted Apartments in Texas
Lument announced that it closed a $42.7 million affordable multifamily Freddie Mac loan for the acquisition of Estraya Boerne, a garden-style apartment project in Boerne, TX, with 288 housing units, including 144 income-restricted apartments.
Lument Announces Closing of Hospitality Portfolio Refinance
Lument and CooperWynn Capital, experts in debt and equity capital markets with a focus on lodging and hospitality, announced a collaboration on the refinancing of a six-property portfolio of Marriott & Hilton Select Service hotels on behalf of Chandler Real Estate.
Hunt Capital Partners Provide $13M in LIHTC for Tribal Housing in MI
Hunt Capital Partners, in collaboration with Odawa Economic Development Management, Inc., the economic development arm of the Little Traverse Bay Bands of Odawa Indians and Community Housing Network, Inc., announced the closing of Victories Square, a 50-unit tribal housing development in Petoskey, MI.