Member News

Dakota Partners announced that Woodland Cove, a new community located minutes from the Cape Cod bridges, moved one step closer to welcoming new residents with the closing of its final phase of financing.

Merritt Community Capital has welcomed Welton Jordan as a new board member.

The New York office of leading multifamily financial services provider Merchants Capital announced it has provided more than $13 million in financing to a joint venture between Gorman & Company and the Gary Housing Authority (GHA) for the rehabilitation of the historic Carolyn Mosby Apartments in Gary, IN.

Jonathan Rose Companies announced the acquisition of Englewood Gardens, the 11th deal to close into the Rose Affordable Housing Preservation Fund V. Englewood Gardens is a 13-building, 167-unit, family-designated scattered-site Section 8 property located in Chicago’s Englewood neighborhood.

MassHousing has closed on a total of $4.1 million in affordable and workforce housing financing to E3 Development LLC, to support the transformation of a public parking lot at 31 Tufts Street in East Somerville into 16 new units of affordable and workforce rental housing.

Dakota Partners announced it has secured all financing and approvals to close on Phase 1 of The Rail Yard, a new affordable housing apartment community that will feature housing for local residents earning between 30 and 60 percent of the Area Median Income.

KeyBank Real Estate Capital has appointed three new relationship managers focused on affordable housing to expand community development lending and investment (CDLI) activity in the Southeast and Northwest.

In collaboration with the Northeast Oregon Housing Authority and Community Development Partners Oregon, LLC, Hunt Capital Partners announced the closing of $15.7 Million in Federal LIHTC and solar investment tax credit ITC equity financing for the new construction of Timber Ridge Apartments.

MassHousing has closed on $8.5 million in affordable housing financing to Dakota Partners, Inc., to support the final phase of development of the Woodland Cove housing community in Wareham.

USA Properties Fund announced it has started construction on Terracina at Whitney Ranch, an affordable apartment community in Rocklin that will provide much-needed housing to residents, from early-in-their career teachers and hard-working couples with children saving for their first home to retirees living on a fixed-income.

Arch Communities and WinnCompanies celebrated the completion of a $25.7 million adaptive reuse project to transform a 106-year-old historic school building in Southbridge, MA, into 62 apartments for seniors ages 55 and older.

Hunt Capital Partners announced the closing of $8.95 Million in Federal LIHTC equity and $2.11 Million of State LIHTC equity financing for the second phase of construction of Woodland Cove Apartments.