Member News

Churchill Stateside Group announced the closing of a $14,000,000 FHA 223(f) permanent loan for Lakeview Terrace Apartments, a recently completed 200-unit family apartment community in Augusta, Georgia.

Dominium announced it has closed on the acquisition of land at 15235 West Lower Buckeye Parkway to construct Vivir at Ballpark Village. Once completed, the community will bring 400 affordable homes to the City of Goodyear and the greater Phoenix, Arizona metropolitan area. 

Dominium announced the acquisition of land in Oklahoma City with plans to construct a new 184-unit affordable housing community, The Scott. 

Dominium announced it has extended the affordability status of Cobblestone Manor, a 220-unit senior housing community located in Fort Worth, Texas and will undertake a $9.775 million rehabilitation of the community. 

KeyBank Community Development Lending and Investment provided a $10.1 million construction loan on behalf of Chicanos Por La Causa to finance the acquisition and rehabilitation of Casa del Pueblo, a 9% LIHTC, 96-unit fully subsidized senior affordable housing property in Tucson, Arizona.

Ballard Spahr hired Ezra Hammer, a real estate development attorney, to their Real Estate Department, Real Estate Development and Property Rights Group, and Zoning and Land Use and Housing Industry Teams as counsel. 

Cinnaire announced the successful closing of a $134 million LIHTC fund, the Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors, and individuals with special needs. 

KeyBank Community Development Lending and Investment provided a $27.3 million construction loan on behalf of the Housing Authority of Salt Lake City to finance the rehabilitation and new construction of a PSH and a subsidized apartment community in Salt Lake City. KeyBank’s Commercial Mortgage Group also arranged permanent financing with a $16 million Freddie Mac 9% LIHTC forward commitment. […]

Lument announced the closing of a $53.1 million balance sheet loan to facilitate the refinance and lease-up of South Bank at Quarry Trails, a 266-unit luxury multifamily community built in 2025 in Columbus, Ohio.

Preservation of Affordable Housing (POAH) will begin renovations at Corcoran Place Apartments, a 94-unit affordable senior housing community on Chicago’s West Side, after closing $39.6 million in financing in late December. Financing for the rehabilitation is supported by tax-exempt bonds, LIHTC, and additional loans from Illinois Housing Development Authority. The development also received $5.58 million in federal Green and Resilient Retrofit Program (GRRP) funding […]

WinnDevelopment secured financing for construction of a $44 million mixed-use community, the Residences at Belvedere Place, which will bring 83 units of affordable rental housing and small business commercial space to the Park Heights Community in Northwest Baltimore. 

ION Water and Meta launched a water conservation initiative that deploys ION’s End-to-End Water Management System across affordable housing properties in the Brazos River Watershed to reduce leak-driven water waste, conserve an estimated 26 million gallons of water over five years, lower operating costs for residents and property operators, support Meta’s 2030 Water Positive commitment tied to its Temple, […]