Member News

Preservation of Affordable Housing was selected by the Chicago Housing Authority to steer a $45 million mixed-finance overhaul of Loomis Courts, a public housing complex on the Near West Side. The plan calls for an extensive renovation of the two-building, 126-unit property, with modernized apartments, new building systems, and locked-in long-term affordability. 

Preservation of Affordable Housing, Boston Mayor Michelle Wu, Congresswoman Ayanna Pressley, and the Boston Housing Authority celebrated the completion of The Amp, the third and final phase of Flat 9 at Whittier in Roxbury, Massachusetts. The multi-year redevelopment replaced 200 public housing units with 210 affordable homes and created 262 additional mixed-income rental units. 

Dominium announced it will break ground on the 233-unit Evermere at Trinity affordable housing development in Nashville, Tennessee on Thursday, April 9.

Churchill Stateside Group welcomed Jeff Banker as Vice President, Production Officer. Banker has more than 20 years of experience in real estate finance, with a strong focus on market-rate multifamily and affordable housing. Throughout his career, he has worked extensively across FHA/HUD, Fannie Mae, and USDA programs developing expertise in affordable housing transactions.

Churchill Stateside Group announced the closing of a $900,000 interim bridge loan for Orchard Village, a 48-unit affordable family housing community located in Detroit, Michigan. 

Churchill Stateside Group closed an $11,699,000 rehabilitation loan for Vineland Gardens, a 76-unit affordable family housing community in Vineland, NJ. 

Merchants Capital announced that it provided more than $7 billion in financing in 2025, with total assets under management reaching $30 billion. Merchants Capital also closed more than $700 million in equity investments across multi-investor, proprietary and state credit offerings and achieved top government sponsored entity (GSE) lender rankings. 

Beacon Communities, RISE Together, Mark Development, and Samuels & Associates announced the construction of 299 Somerville and 15 Temple, two mixed-income apartment buildings in Somerville, Massachusetts. The development will introduce 319 new rental homes, 136 of which will be affordable. 

Churchill Stateside Group provided $11,075,000 in USDA-RD Option 3 Construction Advance Loans and a $15,500,000 Equity Bridge Loan for a 13-property rural apartment portfolio in Georgia owned by CAHEC Properties Corporation.

Churchill Stateside Group welcomes Brad Tucker as Vice President, Originations Officer.

Churchill Stateside Group announced the closing of a $9,000,000 construction loan and a $2,300,000 forward permanent loan commitment for Wisdom Woods Apartments, a 22-unit affordable housing 9% LIHTC community in Peachtree City, Georgia. 

Dominium broke ground on the Maddox on Eagle and The Scott affordable housing developments in Oklahoma City, Oklahoma. Together, the developments will create 448 affordable units.