Member News

JLL Capital Markets announced that it has welcomed Angela Kelcher as senior managing director to lead the national housing debt production team.

The New York office of leading financial services provider Merchants Capital announced the company provided approximately $1.15 billion in debt financing during 2021 for affordable, multifamily and senior housing preservation and development within the region, earning recognition as a top housing financer in the New York area.

Conifer Realty, a nationally recognized industry leader in the investment, development and management of high-quality affordable housing, announced the hiring of Ryan Withall and Kevin Day to its strategic leadership team.  

FTK Construction Services is celebrating 20 years of successful large-scale multifamily preservation projects across the country. In those 20 years, FTK has surpassed all expectations, with a bonding capacity of $500,000,000 and over 4,000 successful projects in 33 states. 

The Community Development Trust (CDT) announced the appointment of Jeff Crum to the role of vice president, Equity Originations; Jasmine Chay as CDT Equity team’s Acquisitions associate; and Evelyn Chen and Joegi Mathew as senior accountants.

On February 25, Woda Cooper Companies held a Grand-Opening Ribbon Cutting ceremony for the new Center Crossing affordable senior community in Hickory, NC. 

In a recent press release, CREA announced that in 2021 it has deepened its mission by prioritizing people and directing business as a force for good. In repositioning itself as a company focused on impact and humanity, CREA reimagined its mission, vision and values.

Merchants Capital announced in a press release that it has arranged $13 million in debt financing and $7.2 million in equity financing to support the renovation and redevelopment of Adcock Joyner Apartments in Oakland, CA.

KeyBank Community Development Lending and Investment provided a $29.7 million construction loan and KeyBank Real Estate Capital provided a $12.2 million Freddie Mac Tax Exempt Loan for Prestwick Development, an Atlanta-based real estate developer, to construct an affordable multifamily property in Acworth, GA.

Merchants Capital announced it has closed a record $7 billion in debt production in 2021. The firm achieved explosive growth in all product offerings, including a 72 percent increase in Federal Housing Administration financing to $1.97 billion, a 143 percent increase in Fannie Mae and Freddie Mac production approaching $1 billion and a 65 percent increase in Merchants Bank of Indiana balance sheet financing with over $4 billion in volume in 2021.

The Chicago office of Merchants Capital recently secured more than $110 million in total financing for Parkside 8 and Parkside 10, two mixed-use, workforce housing developments located in Ward 7 in Washington, DC, the company announced.  

The Cooper Housing Institute announced that it has awarded the nonprofit public policy advocacy organization, Massachusetts Housing & Shelter Alliance (MHSA), with a $300,000 grant.