Member News
Cinnaire Joins CPC Mortgage Company to Form the Industry’s Only Impact-Driven Multifamily Mortgage Lender
Cinnaire announced that it has closed on an ownership position in CPC Mortgage Company, a national mortgage lending company specializing in multifamily agency finance products.
WinnCompanies Completes $49.3 Million Rehab of Historic Apartment Community after Extending Affordability for 45 Years
WinnCompanies celebrated the completion of an extensive $49.3 million rehabilitation project to repair and modernize a 284-unit affordable housing community built inside the historic former leather tannery that helped make Peabody, MA, a worldwide hub for leather manufacturing in the early 1900s.
Churchill Stateside Group Closes a record $42.6 Million USDA Rural Development 538 Loan in Flagler Beach, FL
Churchill Stateside Group, LLC (CSG) announced the closing of financing for a new-construction workforce housing project in Flagler Beach, FL. Preserve at Flagler will consist of 240 units catering to family tenancy.
Dwight Capital & Dwight Mortgage Trust Finance $377MM in June 2022
Dwight Capital and its mortgage REIT affiliate, Dwight Mortgage Trust, closed $377MM of loans in the month of June.
Fred D. Scott Joins Red Stone Equity
Red Stone announced the hiring of Fred D. Scott. Scott serves as director of impact investments at Red Stone Equity Partners with primary responsibility for overseeing Red Stone’s efforts in building an investment platform utilizing non- tax-oriented capital focused on underserved markets.
Woda Cooper Companies’ Osborn Commons named Outstanding Affordable Project in U.S. Green Building Council’s 2022 LEED Homes Awards
Woda Cooper Companies, Inc. announced Osborn Commons won Outstanding Affordable Project in the U.S. Green Building Council’s 2022 LEED Homes Awards, announced July 12, 2022.
Hunt Capital Partners Commits $97 Million in Federal and State LIHTC Equity Financing for 200-Unit Hawaii Development
In partnership with Ikaika Ohana and Urban Housing Communities, Hunt Capital Partners announced the closing of $69.71 Million in Federal LIHTC and $26.97 Million in State LIHTC equity financing for the new construction of Kaiāulu o Kūku’ia Apartments.
KeyBank Provides $14.3 Million of Financing for Affordable Housing Property in Nebraska
KeyBank Community Development Lending and Investment (KeyBank) announced that it provided $14.3 Million in construction-to-permanent financing for RMDX, LLC, located in Omaha NE, in order to rehabilitate an old high school building into an affordable housing property in Plattsmouth, NE.
MassHousing Closes on $16.8 Million in Financing for the Adaptive Reuse of the Zelma Lacey House in Charlestown for Senior Citizens
MassHousing has closed on $16.8 Million in affordable housing financing to the nonprofit Affordable Housing and Services Collaborative and Peabody Properties, for the redevelopment of a three-story Charlestown property into 48 units of affordable, independent living housing for senior citizens.
Woda Cooper Companies’ Wendler Commons Adds High-Quality Affordable Housing to Columbus’ Northeast Side
A high-quality, energy-efficient 62-unit affordable housing community has created a new housing option for workforce residents, retirees on fixed incomes, and others in need of affordable homes on Columbus northeast side near Easton Town Center.
Hunt Capital Partners Finances Oregon Affordable Housing Development with Strong Environmental and Social Impact
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.
KeyBank Provides $74M of Financing for Affordable Housing Property in Ohio
KeyBank Community Development Lending and Investment (KeyBank) is providing $74 million of financing to help Indianapolis-based Kittle Property Group develop a new affordable housing community in Columbus, OH.