Member News
USA Properties Fund Starts Construction to Provide More Workforce Housing in La Mesa
USA Properties Fund announced it has started construction on 8181 Allison, an affordable apartment community in La Mesa that will provide much-needed housing to residents, from early-in-their-career teachers and emergency responders to retirees living on a fixed income – all adjacent to public transportation.
KeyBank Provides $66.4M of Financing to Pacific West Communities for Two New Affordable Housing Developments in Northern and Central California
KeyBank Community Development Lending and Investment (CDLI) provided $66.4 million of financing to Pacific West Communities, a leading developer and manager of affordable multifamily communities throughout the western states, with a special focus on California.
Merchants Capital Secures $77MM+ for New Affordable Housing Project in Saint Paul, MN
Merchants Capital announced it has provided more than $77 million in financing for the development of Soul, an affordable, mixed-use development in Saint Paul, MN.
KeyBank Provides $100M of Financing for Affordable Housing Property in Maryland
KeyBank Community Development Lending and Investment (CDLI) provided a $100 million bridge loan to Fairfield, a multifamily owner/investor based in San Diego, CA, for Villages at Marley Station, an apartment community located in Glen Burnie, MD.
MassHousing Closes on $13.5M in Financing for Riverside Towers in Medford
MassHousing has provided $13.5 million in affordable housing financing to a joint venture consisting of Schochet Companies (Schochet) and Jonathan Rose Companies (Rose) for the preservation of affordability, property renovations and the enhancement of resident services at the 199-unit Riverside Towers for the elderly in Medford.
$10 Million Pritzker-Traubert 2022 Chicago Prize Awarded to TCB Collaboration with Garfield Park Rite to Wellness
The Community Builders announced that Garfield Park Rite to Wellness collaborative was announced the winner of the Pritzker-Traubert 2022 Chicago Prize.
WinnCompanies Promotes Five to Vice President and Senior Vice President Roles
WinnCompanies announced the promotion of five team members to vice president and senior vice president positions for the company.
Applegate & Thorne-Thomsen Announces New Partner Daniel Kraft
Applegate & Thorne-Thomsen announced that Daniel Kraft has joined the partnership effective Jan. 1, 2023.
KeyBank Provides $42M of Financing for Affordable Housing Property in California
KeyBank Community Development Lending and Investment (CDLI) provided a $31.875 million construction loan and a $10.9 million bridge loan to USA Properties Fund, Inc. for the construction of an affordable housing property in La Mesa, CA, (8181 Allison Apartments) according to a press release.
Sandy DeFelice Named FHA Platform Manager of M&T Realty Capital Corporation
M&T Realty Capital Corporation® (M&T RCC) announced that Sandy DeFelice has been named FHA platform manager. In her new role Sandy will be responsible for overseeing and managing FHA opportunities and growing the M&T RCC FHA program.
Tiber Hudson Welcomes Jonathan H. Peyton to the Firm
Tiber Hudson LLC announced Jonathan H. Peyton as a member of the Washington, DC-based law firm.
Hunt Capital Partners Investment Funds Major Renovations to Texas Affordable Housing Development for 100 Low-Income Families
Hunt Capital Partners, in partnership with developer Envolve Communities LLC, announced the closing of $4.8 million in Federal LIHTC equity financing for the acquisition and rehabilitation of Logan’s Pointe, a current Texas development offering 100 affordable homes for families earning up to 50 and 60 percent of the area median income.