Member News
Standard Communities Accelerates Growth as it Launches New Business Lines, Acquisitions and Continues Attracting Top-Tier Talent
Standard Communities announced that it’s established three new, diversified business lines to build on its success of providing high-quality, healthy, environmentally sustainable housing.
NH&RA Members Awarded New Markets Tax Credits
Congratulations to the NH&RA members that received a New Markets Tax Credit award!
MassHousing Finances New Housing in Boston
MassHousing, the City of Boston, the Massachusetts Department of Housing and Community Development (DHCD) and Urban Edge, announced the completion of financing for the 65-unit, 1599 Columbus Avenue in Boston, which is part of Jackson Square Redevelopment.
Dominium Promotes 52 and Hires 236 New Employees in Q3 2022
Dominium, a leading affordable housing owner, developer and manager, announced that it has expanded through the hiring of 236 new employees in both corporate and on-site positions.
M&T Realty Capital Corporation Provides $25 Million in Financing for an Affordable Multifamily Property in South Florida
M&T Realty Capital Corporation® announced that it provided a $25,000,000 bridge loan for the refinance of a 216-unit affordable multifamily property located in Opa-Locka, FL.
Oregon Housing & Community Services Announces Groundbreaking in Lincoln City
“Echo Mountain Fire survivors and Lincoln City residents will have a much-needed affordable apartment community in early 2024 with the groundbreaking of Wecoma Place,” says a press release from Oregon Housing and Community Services.
Merchants Capital Closes $180M Multi-Investor Fund to Support Affordable Homes in 12 States
Merchants Capital announced the closing of Merchants Capital Tax Credit Equity Fund X, L.P. (Merchants Fund X).
Penn Lindsay and Chris French Join Dakota Partners
Dakota Partners announced the appointments of Penn Lindsay as vice president of acquisitions and development for New England and Christopher French as vice president of acquisitions and development for Maryland and Virginia.
USA Properties Fund Starts Construction on Adega II in Rohnert Park, with Some Apartments Reserved for Moderate-Income Residents
USA Properties Fund announced construction has started on Adega II, the second phase of a luxury apartment community that will include seven units for moderate-income residents and help meet the need for more housing in Sonoma County.
Merchants Capital Provided $10.8MM+ in Equity for LLIHTC Property in Texas
Merchants Capital announced the completion of the rehabilitation of a Federal LIHTC project located in Houston, TX, known as Knolls at West Oaks Apartments, by prominent affordable housing developer, Dominium. Merchants Capital provided $10.8 million in tax credit equity in exchange for LIHTC.
MassHousing Closes on $8.5M in Financing for New, 24-Unit Rindge Commons in Cambridge
MassHousing closed on $8.5 million in affordable housing financing to the nonprofit Just A Start for the development of 24 new affordable apartments on its Rindge Tower property in Cambridge.
Fairstead Names Sally Hebner Chief Financial Officer
Fairstead announced that real estate industry veteran Sally Hebner has joined the company as its chief financial officer.