Member News
The Community Builders Awarded a $1 Million Grant Through the 2023 TD Ready Challenge
TCB has received one of the ten grants available under the 2023 TD Ready Challenge presented by TD Bank Group for its HOME ROOM: Economic Stability and Mobility Through Housing initiative.
Munson Crossing Groundbreaking in Zanesville, OH Spotlights Public/Private Partnerships
Woda Cooper Companies, Inc. hosted a ceremonial groundbreaking for Munson Crossing, a 43-unit affordable rental community now under construction in Zanesville. Munson Crossing is in the West Main Street Community Reinvestment Area in Zanesville, OH, on the site of the former Munson Elementary School building, which was demolished last year.
Churchill Stateside Group Closes Two New Construction Loans Totaling $37.1M
Churchill Stateside Group, LLC (CSG) announced the closing of two new construction loans on two communities set to deliver 278 affordable housing units to Wilmington, NC.
Merchants Capital Provides $103 Million+ in Total Financing for the Rehabilitation of Woodlawn
Merchants Capital’s Chicago office announced that it provided more than $54 million of debt and $49 million in LIHTC equity financing for the rehabilitation of Island Terrace, a 21-story affordable apartment complex located across from the Obama Presidential Center in Chicago’s Woodlawn neighborhood. Preservation of Affordable Housing, Inc. closed the complex financing structure on Dec. 20, 2023.
Merchants Capital New York Provides $1.7 Billion in 2023 Financing, Surpassing 2022 Office Record
Merchants Capital’s New York office announced a total production volume of $1.7 billion for 2023, surpassing its record-breaking $1.3 billion debt production volume in 2022.
USA Properties Fund Starts Construction on Terracina at Westpark in Roseville, CA
USA Properties Fund has started construction on Terracina at Westpark, an affordable apartment community in west Roseville, CA that will provide much-needed housing for residents, from early-in-their career professionals and hardworking families saving for their first house to retirees living on a fixed income.
WinnCompanies Department Transforms into a Nonprofit to Expand Its Reach and Pursue New Funding to Serve More Residents of Multifamily Communities
WinnCompanies announced the launch of the Connected Communities Foundation (CCF), a nonprofit organization dedicated to the creation and growth of community-based programs, services and public policies that support and track better outcomes and opportunities for affordable housing residents across the country.
Woda Cooper Companies Opens Stanton Park in Atlanta
Woda Cooper Companies, Inc. and Parallel Housing, Inc. hosted a grand opening and ribbon-cutting at the new 56-unit Stanton Park Apartments.
Woda Cooper Companies Celebrates Groundbreaking for Carmichael Commons in Madison, GA
Co-developers Woda Cooper Companies, Inc. and Parallel Housing, Inc. held a ceremonial groundbreaking today for the 60-unit Carmichael Commons townhome community now under
construction in Madison, GA.
Groups Launch New, Online Decarbonization Resource Hub
Enterprise Community Partners, Housing Partnership Network, and the Rocky Mountain Institute launched the Affordable Housing Decarbonization Hub, a digital space offering housing providers access to resources and information to pursue equitable decarbonization.
CREA Celebrates Contributions to the Affordable Housing Crisis Amidst Challenging 2023
CREA successfully closed $1.35 billion of total equity, contributing to the creation of 7,316 affordable homes within 79 communities and 26 states.
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.