Member News
Hunt Capital Partners Celebrates Opening of Northside Village
Hunt Capital Partners said it celebrated the grand opening of Northside Village, the first tranche in the redevelopment of Yates Village public housing in Schenectady, NY.
Hunt Capital Partners Closes Funding for Senior Housing
Hunt Capital Partners, in collaboration with CRP Affordable Housing and Community Development LLC and its affiliate Castellan Holdings LLC, announced the closing of $5.6 million in LIHTC equity financing for St. Stephen’s Retirement Center in San Diego, CA.
The Architectural Team and WinnDevelopment Showcase Redevelopment in Boston
The Architectural Team said a new mixed-income housing east Boston development is demonstrating how smart planning and design can help cities add much-needed residential space on underutilized land.
Merchants Capital, POAH Secure $26 Million for Chicago Development
The Chicago office of financial services company Merchants Capital announced it recently secured more than $26 million in financing for the acquisition of Island Terrace, an affordable apartment complex in Chicago’s Woodlawn neighborhood.
Cinnaire Closes $175 Million Fund
Cinnaire announced the closing of a $175.7 million LIHTC fund that will finance the development or preservation of more than 1,648 affordable homes and 2,441 bedrooms in five states.
Cinnaire Names Smith VP of Community Development
Cinnaire announced it has named Sherita Smith as vice president, community development.
Merchants Capital Raises $2.7 Million Support Neighborhood Housing
Merchants Capital said its real estate equity team, in partnership with First Merchants Bank, The National Bank of Indianapolis and Merchants Bank of Indiana, reached the closing of Indiana Social Impact Housing Equity Fund II, LP. The Fund targets large-scale revitalization of vacant single-family homes in traditionally disinvested neighborhoods in and around downtown Indianapolis.
ATT Law Announces New Hires
Applegate & Thorne-Thomsen said it recently welcomed attorneys Xiang Siow and Alana Paris to the law firm.
WNC Closes Three Funds, Raises $255 Million
WNC Inc. announced it has closed three institutional LIHTC funds totaling approximately $255 million in equity.
Sullivan’s Gahan Recognized by National Law Journal
Law firm Sullivan, Sullivan & Worcester partner John Gahan was named to the National Law Journal’s 2021 Real Estate/Construction Law Trailblazers List.
NH&RA Members Among CDFI NMTC Awardees
The U.S. Department of the Treasury’s Community Development Financial Institution Fund (CDFI) announced $5 billion in New Market Tax Credits.
Standard Communities Expands Presence in NJ
Standard Communities announced its second acquisition in Atlantic City since April.