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.
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.
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.
Nixon Peabody Welcomes Sumeet Sharma to Firm Partnership
Nixon Peabody announced that Sumeet Sharma has joined Nixon Peabody’s partnership.
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.
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.
KeyBank Secures $34.3M for Affordable Senior Housing Community in Chicago
KeyBank Community Development Lending and Investment (CDLI) provided $34.3 million in construction and permanent financing through the HUD 221(d)(4) Mortgage Insurance program to facilitate the rehabilitation of six low-income apartment buildings in the South Shore of Chicago.
Hunt Capital Partners and Mile High Ministries Bring Affordable Housing to Denver
In collaboration with Mile High Ministries (MHM), Hunt Capital Partners (HCP) celebrated the grand opening and ribbon cutting of Clara Brown Commons.
FTK Construction Services Announces Completion of Blue Ridge Atlantic
FTK Construction Services announced that it has completed their first project for Blue Ridge Atlantic in Houston, TX.
CAHEC Staff Complete Over 1,300 Volunteer Hours in 2023
The Community Affordable Housing Equity Corporation (CAHEC) announced that their staff collectively performed 1,387 volunteer hours in 2023.
Berkadia Recognized as the Number One Freddie Mac Lender by Volume
Berkadia was recognized as the number one lender by volume in 2023, making it Freddie Mac’s top partner for the third consecutive year.
NAAHL Announces Sarah Brundage as President and CEO
The National Association of Affordable Housing Lenders (NAAHL) announced that Sarah Brundage will join the company as president and chief executive officer.