Member News
USA Properties Fund Celebrates Mainline North Opening in Santa Clara, CA
USA Properties Fund completed Mainline North, a high-profile 151-unit, $86 million affordable apartment community near Levi’s Stadium in Santa Clara. This development provides workforce housing with studio-to–three-bedroom homes, amenities including a parking garage, community room, and rooftop deck, and rents ranging from approximately $1,000 to $2,500 per month.
Dominium Hosts Grand Opening Event for Creekridge on the Park
Dominium celebrated the grand opening of Creekridge on the Park, a 150-unit affordable rental community (up to 60% AMI) comprised of four three-story buildings with one-, two-, and three-bedroom homes and amenities including a fitness center, business center, on-site laundry, grilling areas, playgrounds, and shared greenspace.
WinnCompanies Opens 88-Unit Senior Housing Community After Adaptive Reuse of Historic Mill Complex in Holyoke, MA
WinnCompanies completed Residences on Appleton, a $55.3 million adaptive reuse that transformed a 111-year-old historic mill complex into a certified, 100 percent electric development. The development features 88 loft-style affordable apartments—including studios, one- and two-bedroom homes—reserved for low- and moderate-income seniors age 55 and older and powered by the city’s clean hydropower system.
Ulysses Development Group Closes Financing on The Prospector Apartments, Bringing Services and Housing to Families in Downtown Reno
Ulysses Development Group (UDG) announced the financial closing of The Prospector Apartments; this new community will bring 136 affordable homes to the City of Reno, reserved for residents earning 30%, 60%, or 70% of the area median income. The new community will be located at 314 Evans Avenue, steps away from the Reno Aces Ballpark and across the street from the RTC 4th Street Station, providing […]
Klein Hornig Announces New Partner: Peter Lubershane
Klein Hornig announced Peter Lubershane has been promoted to Partner effective January 1, 2026. Peter Lubershane concentrates on the development of affordable housing and community development projects, primarily working with New England nonprofit and for-profit developers, and community development lenders and developers nationwide. Some of these projects include the construction and renovation of private and public affordable housing developments, ranging from large-scale […]
Pennrose Promotions: Geoff Milz & Lindsey Samsi
Pennrose announced the promotion of Geoff Milz to Regional Vice President of the Midwest (Ohio, Kentucky, and Michigan) and Lindsey Samsi to Regional Vice President of New Jersey, Pennsylvania, and Delaware. In their roles as regional vice presidents, Samsi and Milz are responsible for all aspects of the real estate development process from initial conception through construction, […]
Woda Cooper Companies & Parallel Housing celebrate Prior Farms with Festive Ribbon-Cutting in Madison, Georgia
Woda Cooper Companies, Inc. held a festive celebration, complete with horse-drawn tours and carolers in Victorian costumes from Morgan County High School choir, on December 16, 2025, to mark the opening of Prior Farms, an $18.5 million 40-unit single-family rental community located at 1001 Harrow Street, Madison, GA. Co-developer is Parallel Housing, Inc and is the second […]
Dominium to Preserve Affordable Housing Status of Magnolia Pointe with $10.6 Million Renovation
Dominium announced it has acquired Magnolia Pointe, a 266-unit multifamily housing community in Durham, North Carolina. The developer plans to resyndicate Magnolia Pointe in Spring 2026, preserving its affordable housing status while completing a $10.6 million renovation. Magnolia Pointe marks the company’s first acquisition in the Raleigh-Durham metro area. Renovation plans include upgrades to the building exteriors, unit interiors, clubhouse, outdoor amenity spaces, landscaping and […]
Dominium Acquires Falls Pointe with Plans to Resyndicate and Renovate the Property
Dominium announced it has acquired Falls Pointe, a 312-unit affordable housing community in Durham, North Carolina. This is the company’s second acquisition in the Raleigh-Durham metro area. The multifamily housing community will undergo a planned $11 million renovation, including upgrades to the clubhouse, fitness center, outdoor amenities, landscaping, building exteriors and unit interiors. The community includes fifteen garden-style buildings […]
Lument Closes $30 Million Freddie Mac Forward Commitment to Refinance an Affordable Housing Community in Baltimore
Lument closed a $30 million Freddie Mac Targeted Affordable Housing (TAH) unfunded forward commitment for the refinance and rehabilitation of Townes at the Terraces, a 202-unit townhome apartment community in Baltimore, Maryland.
Pennrose Development “The Pryde” Honored with Preservation Achievement Award
Pennrose’s development, The Pryde, was recently honored with a Preservation Achievement Award from The Boston Preservation Alliance. Click here to watch the video about the project that was produced for the event.
Pennrose Project Partners Close the Financial Gap for Warner & Swasey Redevelopment
Pennrose and MidTown Cleveland announced the closing of the financial gap on the Warner & Swasey redevelopment in Cleveland’s MidTown neighborhood. The development team is racing towards closing, scheduled for December 15. Construction is set to begin in January 2026. The comprehensive Warner & Swasey rehabilitation will transform the 194,000-square-foot former manufacturing facility into a vibrant mixed-use, mixed-income community. Once complete, the […]