Member News

Hunt Capital Partners (HCP), in partnership with Alliance Property Group (APG) and Community Bible Community Development Corporation (CBCDC), announced the closing of $37.0 million in Federal LIHTC and $15.1 million in State LIHTC financing for the redevelopment and expansion of Valley Pride Village, an affordable housing community that has provided a secure home for San Fernando Valley seniors since 1971. Located in Sylmar, CA, the development will preserve its 88 existing homes and introduce 92 new housing options for seniors.

Woda Cooper Companies, Inc. joined with representatives of the City of Wilson and other supporters, including representatives of the North Carolina Housing Finance Agency to celebrate the start of construction of Pender Crossing, a 48-unit affordable apartment community for residents earning between 40 and 60 percent AMI.

Merchants Capital announced that it secured more than $14.3 million for the development of Union at Purple Heart Trail, a 240-unit affordable housing community in Wichita, KS.

Lument announced it has entered into an exclusive correspondent relationship with Arcus Harbor Real Estate Capital under which Arcus Harbor will refer all Fannie Mae, Freddie Mac and FHA loans it originates to Lument for underwriting, processing and closing.

Nixon Peabody announces the addition of five land use attorneys to its Boston office.

Standard Communities has made its second investment in Minnesota in a month, acquiring a 100 percent affordable community in Duluth.

ICAST’s vice president of grant programs, Ryan Kristoff, recently received an award from the American Council for an Energy-Efficient Economy (ACEEE). ACEEE’s Champions of Energy Efficiency in Buildings awardees are chosen for their innovation, impact and leadership.

ICAST has launched Finance for Impact, a 501c3 nonprofit investment firm that invests in clean energy assets nationally, providing tax equity financing and owning clean energy assets that directly benefit low-income and disadvantaged communities (LIDACS).

Hunt Capital Partners, in collaboration with co-developers Bonner Carrington and Sycamore Strategies, announced the closing of Cypress Creek Apartment Homes at Montfort Drive (Cypress Creek).

The Community Builders, along with Detroit Mayor Mike Duggan and City, State and Federal officials, joined funders and Corktown residents to break ground on Preserve on Ash I, made possible by a $30 million Choice Neighborhoods grant HUD awarded to the city of Detroit in 2021.

Standard Communities has made its first investment in Minnesota, acquiring Rivertown Commons, a 96-unit 100 percent affordable community for seniors and individuals with disabilities in Stillwater.

KeyBank Community Development Lending and Investment (CDLI) provided $17.9 million in Federal LIHTC, and a $19.3 million construction loan for the construction of Camas Flats, a new affordable housing in Oak Harbor, WA.