Member News

Merchants Capital promoted Jillian Standish to executive vice president and chief credit officer for its national tax credit syndication platform. 

Pennrose, Longmont Housing Authority, and project partners celebrated the grand opening of Ascent at Hover Crossing, a 75-unit affordable housing development with an early childhood education center in Longmont, Colorado. 

Pennrose, the Town of Superior, and project partners celebrated the groundbreaking of Kite Route Crossing, a 50-unit affordable housing community for older adults in Superior, Colorado. 

Bank of America named Maurice L. Coleman the Commercial Real Estate Credit Executive and Managing Director for Debt and Tax Credit Equity Investments for Community Development Banking.

Churchill Stateside Group closed a $5,615,000 construction and permanent loan and a $9,500,353 equity bridge loan for Retreat at Esther, a 103-unit senior affordable housing development in Houston, Texas.

MassHousing awarded $300,000 in Center for Community Recovery Innovations, Inc. grant funding to two nonprofit organizations in Bellingham and Lowell supporting men and veterans impacted by substance use disorder for 39 units of sober affordable housing.

Ulysses Development Group announced the financial closing of Salt River Flats 2, a 168-unit affordable housing development in Phoenix, Arizona. 

WinnDevelopment, ART-JIUS Enterprises, and Rising Dove Carroll Street Houses, a non-profit affiliate of Paterson’s Second Baptist Church, announced the start of a phased, $26 million renovation of the 88-unit Carroll Street Houses affordable community in Patterson, New Jersey.

Cruz Companies received LIHTC funding and Massachusetts Executive Office of Housing and Livable Communities subsidies for One Waverly, a 52-unit affordable housing development in Roxbury, Massachusetts. 

MassHousing closed on $50 million in financing for the first of three phases of the redevelopment of the Campello Apartments public housing campus in Brockton, Massachusetts: the construction of a seven-story, 144-unit building. 

Merchants Capital announced more than $700 million in fund investments closed across the firm’s multi-investor, proprietary and state credit offerings for the year ended Dec. 31, 2025. 

Churchill Stateside Group provided a $1.43 million USDA-RD 538 permanent loan for The Covenant Senior Housing, a newly constructed 68-unit senior apartment community in Castle Hayne, North Carolina.