Member News

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

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.

Pennrose is proud to celebrate over 20 years of affordable housing development and management in Maryland with the completion of the Cherry Hill Senior Manor rehabilitation.

X-Caliber Capital published a whitepaper that delves into the substantial tax advantages of the Inflation Reduction Act (IRA) for multifamily property owners.

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.

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.

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.

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.

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

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

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 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.

In collaboration with Mile High Ministries (MHM), Hunt Capital Partners (HCP) celebrated the grand opening and ribbon cutting of Clara Brown Commons.