ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
KeyBank Community Development Lending and Investment provided a $8.6 million equity bridge loan and $13.1 million in four percent Federal LIHTC equity for the acquisition and rehabilitation of Skyline View Apartments in Layton, UT.
Cinnaire was awarded a $60 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund).
Vitus announced the completion of extensive renovations, in partnership with LIHC Investment Group, at Villa Verde Apartments in Santa Fe Springs, CA.
Woda Cooper Companies, Inc. announced the groundbreaking on a new 42-unit affordable housing community for seniors on Mace Road in Carrollton, OH.
KeyBank Community Development Lending and Investment (CDLI) and KeyBanc Capital Markets provided $71.8 million in construction and permanent 501(c)(3) bond financing.
Tim Sullivan has been named chief administrative officer at Beacon Communities where he will be responsible for the overall financial strategy and oversight of information technology, human resources, and accounting and finance.
Rob Dunn has been promoted to managing director, asset management, and Noah Hale has been promoted to managing director, development, at Fairstead. Both are based primarily in the company’s Florida office.
Cinnaire Lending Corporation, a certified Community Development Financial Institution (CDFI) was awarded a $10 million loan from KeyBank’s CDFI Lending & Investment Group.
Zammy Arcos has joined KeyBank’s Community Development Lending and Investment (CDLI) team as a senior relationship manager to expand the firm’s equity originations activity.
Dominium announced that it promoted Mark Lambing to Project Partner and Vice President of Development.
The Affordable Housing Institute (AHI) is hosting executive education courses September 27 through 29 at Harvard University in Cambridge, MA.
During a tough time for mission-oriented owners of affordable housing, owners are faced with enormous operating challenges at both the portfolio and organizational levels.