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NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Member News

Hunt Capital Partners Transfers Ownership of Two LIHTC Properties 

Hunt Capital Partners (HCP) has announced the ownership transfer of two LIHTC properties to housing authority partners and affiliates.

Member News

Hunt Capital Partners Closes on $16.2 Million to Preserve Affordable Housing for 56-Unit Property in Florida 

Hunt Capital Partners (HCP), in partnership with Smith & Henzy Affordable Group, Inc. and Deerfield Beach Family Empowerment, Inc. (DBFE), announced the closing of $16.2 million in Federal LIHTC for the acquisition and rehabilitation of Palms of Deerfield Townhomes.

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Merchants Capital Provides $348 million in Fannie Mae Financing for the Rehabilitation of 87 Brooklyn NYCHA Properties 

Merchants Capital’s New York office announced that it has provided a $348 million Mortgage-Backed Securities (MBS) loan from Fannie Mae to support the rehabilitation of New York City Housing Authority (NYCHA)’s Reid Apartments and Park Rock Consolidated (Reid Park Rock), a $635.6 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations for nearly 3,500 residents living in 87 buildings across Brooklyn.

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Merchants Capital Secures $175.1 Million+ for the Development of Adjacent Multifamily Properties 67 Flats and Juniper Square in Arizona 

Merchants Capital’s Washington, DC office announced it has secured more than $86.2 million in Freddie Mac four percent Low Income Housing Tax Credit Tax-Exempt Loan (TEL) Forwards for the construction of Juniper Square, a senior living community, and 67 Flats, a family housing development, both to be constructed in Glendale, AZ.

Member News

Newmark Lands Leading National Affordable Housing Advisory Team 

Newmark Group, Inc. announced it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap.

Member News

JLL Capital Markets Welcomes Two New Affordable Housing Professionals 

JLL Capital Markets announced that Senior Directors Rasto Gallo and Mike Klaskin have joined the firm’s national affordable housing investment sales advisory team, where they will support JLL’s efforts nationwide in the execution of affordable housing transactions with a focus on the Midwest.

Member News

Merchants Capital Secures $175.1 Million+ for the Development of Adjacent Multifamily Properties 67 Flats and Juniper Square in Arizona 

Merchants Capital’s Washington, DC office announced it has secured more than $86.2 million in Freddie Mac four percent Low Income Housing Tax Credit Tax-Exempt Loan (TEL) Forwards for the construction of Juniper Square, a senior living community, and 67 Flats, a family housing development, both to be constructed in Glendale, AZ.

Member News

Fifth Third Bank Loan Opens Doors for Cinnaire’s Community Development Work in Illinois, Michigan 

Cinnaire Lending Corporation (CLC), a certified Community Development Financial Institution has been awarded a $5 million Equity Equivalent investment, or EQ2, from Fifth Third Bank.

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Creighton Court Public Housing Redevelopment Closes in Richmond 

On December 13, The Community Builders, in partnership with the Richmond Redevelopment and Housing and the City of Richmond, completed the financial closing for the first phase of vertical construction in the Creighton Court redevelopment, one of Richmond’s oldest public housing communities.

Member News

Nixon Peabody Welcomes Sumeet Sharma to Firm Partnership 

Nixon Peabody announced that Sumeet Sharma has joined Nixon Peabody’s partnership.

Member News

Lument Closes $64.588 Million Loan to Refinance Baltimore Student Housing 

Lument announced the closing of a $64.588 million loan through Freddie Mac’s Capital Markets Execution program to refinance Nine East 33rd.

Member News

KeyBank Provides Financing for New Affordable Single-Family in Cleveland  

KeyBank Community Development Lending and Investment (CDLI) invested $10.2 million of four percent Federal LIHTC Equity and provided a $7.9 million construction loan to finance the development of Henrietta Homes.

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