Local Initiatives Support Corporation Boston announced that it has closed on critical early-stage financing for DVM Consulting Corp, the development company launched by Dariela Villón-Maga to build affordable housing on five city-owned parcels near the intersection of Blue Hill Avenue and Fabyan Street in Mattapan.
A ribbon-cutting ceremony celebrates the opening of Holley Pointe at 622 Effingham Street in downtown Portsmouth.
Dominium announced the closing of the land sale to construct Sandpiper Glen, a new senior housing development located off Donnybrook Drive in Orange County, FL.
Dominium announced it is distributing over $1.4 million in scholarship awards to its residents, employees, and their dependents through Opportunity’s Front Door, the Dominium scholarship program.
The Community Preservation Corporation, National Equity Fund and Cinnaire announced their joint partnership with CPC Mortgage Company, a national mortgage lending company specializing in multifamily Agency finance products.
KeyBank announced its continuation to expand in the affordable housing and CDFI space with the investment of $1.75 million in The Good Jobs Fund. The Good Jobs Fund, created by CEI Ventures, will create economic opportunities in hard-to-serve markets and ensure that good jobs are created for overlooked populations and communities.
Harkins announced the promotion of Mark Kelehan to the position of vice president of Affordable Housing. Kelehan began his career at Harkins as an assistant site manager trainee in 1989.
USA Properties Fund announced it has become a partner in two affordable apartment communities in fast-growing Reno, ensuring that low-income residents can remain in their homes – and will also soon enjoy the results from a multimillion-dollar rehabilitation of the properties.
Jessica Mackenzie, senior director of Capital Markets at Standard Communities, was named a GlobeSt. Woman of Influence in the Finance Executive category.
Dominium announced the hiring of two highly respected female leaders to executive positions with the company.
The New York office of leading multifamily financial services provider Merchants Capital announced it has provided more than $13 million in financing to a joint venture between Gorman & Company and the Gary Housing Authority (GHA) for the rehabilitation of the historic Carolyn Mosby Apartments in Gary, IN.
Jonathan Rose Companies announced the acquisition of Englewood Gardens, the 11th deal to close into the Rose Affordable Housing Preservation Fund V. Englewood Gardens is a 13-building, 167-unit, family-designated scattered-site Section 8 property located in Chicago’s Englewood neighborhood.