Member News
Dakota Partners Celebrates Grand Opening of Depot Village
Dakota Partners announced the official grand opening of Depot Village at 171 Phillips St in Hanson, MA.
Merchants Capital Adds Chief Architect to Team
Merchants Capital announced that Margaret Lehto has joined the firm as chief architect.
WinnDevelopment and Opal Real Estate Transform 31 Elm Street in Springfield
The City of Springfield, MassHousing, MassMutual, MGM Springfield, WinnDevelopment and Opal Real Estate Group jointly announced the closing of construction financing ($48.5 Million in funding) and the conveyance of 31 Elm Street in downtown Springfield.
APAH Receives CORES Certification
APAH announced its CORES certification. The Certified Organization for Resident Engagement & Services (CORES) Certification recognizes organizations that have developed a robust commitment, capacity and competency in providing resident services coordination in affordable rental housing.
Standard Communities Announces First Ground Up Development in Savannah, GA
Standard Communities announced its first ground up development, a Class A+ multifamily project in Savannah, GA, called The Line.
KeyBank Community Development Lending and Investment Expands its Equity Originations Team with the Appointment of Rada Lisitsa
KeyBank Community Development Lending and Investment (CDLI) has appointed Rada Lisitsa to vice president and acquisitions transaction leader.
Moddie Turay Named President & CEO of Massachusetts Housing Investment Corporation
Moddie Turay has been named president & CEO of Massachusetts Housing Investment Corporation (MHIC) following a comprehensive national search.
KeyBank Provides Capital for the Development of New Permanent Supportive Housing in California
KeyBank Community Development Lending and Investment (KeyBank) announced it has provided $53.2 million dollars for the development of Tiburon in San Luis Obispo, CA.
CDFI Fund Awards Cinnaire $10 Million in Capital Magnet Fund Grants to Support Affordable Housing
The U.S. Department of Treasury’s CDFI Fund has awarded Cinnaire $10 million through the Capital Magnet Fund, a competitive grant program designed to support the creation and preservation of affordable housing.
The Architecture Team Begins Work on Southeast Towers in Rochester, NY
The Architecture Team designed the renovation of Southeast Towers in Rochester, NY, a two-building, 376-unit property as part of New York State’s $1 billion House NY initiative, which aims to rehabilitate the state-funded portfolio of 35 aging Mitchell-Lama-era developments.
KeyBank Provides $21M of Financing for Affordable Housing Property in Oregon
KeyBank Community Development Lending and Investment (KeyBank) announced that it is providing $20.9 million of financing to help partners Home First Development and Green Light Development, develop a new affordable housing community in the Glenfair neighborhood of Portland, OR.
Hunt Capital Partners Provides LIHTC Financing to Preserve Missouri Affordable Housing Development
Hunt Capital Partners, in collaboration with McCormack Baron Salazar, announced the closing of $5.11 million in four percent Federal LIHTC equity financing for the acquisition and rehabilitation of Villa del Sol Apartments.