Member News
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.
Monarch Private Capital Names Chief ESG Officer
Monarch Private Capital announced it named Melanie Beckman the firm’s first-ever chief environmental, social and governance (ESG) officer.
Dominium Closes on Resyndication on Houston
Dominium announced the financial closing of City Parc at West Oaks, and its plans for a $7 million rehabilitation of the property to be led by Dominium Construction & Architectural Services.
Merchants Capital Secures $35 Million for Kansas Property
Merchants Capital announced it secured a $35 million construction loan for Union at the Loop, an affordable, multifamily housing community coming to Lawrence, KS. Merchants Capital also acted as servicer for the $22.25 million Freddie Mac Tax-Exempt Loan forward permanent commitment.
Walker & Dunlop to Acquire Alliant Capital for $696 Million
Walker & Dunlop, Inc. announced it has agreed to acquire Alliant Capital, Ltd. and its affiliates, Alliant Strategic Investments and ADC Communities.