Member News

WinnCompanies and the Boston Housing Authority (BHA) announced that work will begin in 2024 on the $2 billion redevelopment of the Mary Ellen McCormack public housing complex under a two-phase master plan.

KeyBank Community Development Lending and Investment (CDLI) provided a $35 million construction loan and $15.7 million in four percent LIHTC equity to finance the acquisition and rehabilitation of Cambridge Square Apartments, located in Monroeville, PA.

Standard Communities led a public-private partnership acquiring Huntington Towers, an affordable senior community with 214 units located in Mount Prospect, IL.

Enterprise Community Partners (Enterprise) and Church of God in Christ Community Economical Development Corporation (COGIC CEDC) announced a new collaboration at COGIC’s 115th Holy Convocation to train 200 COGIC congregations in faith-based community development.

Woda Cooper Companies, Inc. and co-developer Housing Services Alliance hosted a grand opening and ribbon-cutting at the new 57-unit Haven Crossing located at 12800 Towne Center Drive in Walton, KY.

Beacon Communities was featured in a December article in the Boston Globe “A Miracle on Clarendon Street: How a Back Bay Building Became Apartments for Homeless People.”

Cinnaire announced that an award from the Federal Home Loan Bank totaling $5 million will allow them to support five affordable housing projects in the Midwest, including the acquisition, rehabilitation and construction of 269 units.

Hunt Capital Partners announced closing on its $135 million nationwide LIHTC fund, Hunt Capital Partners Tax Credit Fund 49 (HCPTCF 49).

Merchants Capital announced that they provided financing for Launchpad Apartments, a new permanent supportive housing property in Colorado Springs.

JLL Capital Markets announced that it arranged $11 million in financing for Booth Residences, a 150-unit affordable housing property, located at 6000 Townevista Drive in Cincinnati, OH.

Merchants Capital announced the securitization of $17.4 million in LIHTC equity financing for the construction of a new affordable senior property in Fort Wayne, IN.

Hunt Capital Partners (HCP) announced the transfer of ownership of Northside Family Housing in Bangor, ME, to Penquis Development, an affiliate of Penquis.