Member News
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.
Blue Sky Communities Opens Florida Property
Blue Sky Communities announced a ribbon-cutting ceremony will be held September 8 for the opening of Clermont Ridge Senior Villas, an affordable housing development in Clermont, FL, for residents aged 62 and older.
Dominium Closes on Several Properties
Dominium announced the land closing of The Commons, a pro-bono project furthering the mission to provide high-quality affordable housing to its communities across the U.S.
Conifer Realty Names Snell CEO
Conifer Realty, LLC announced the appointment of Roger Snell as its new chief executive officer.
NCSHA Urges IRS and Treasury to Extend Housing Credit COVID-19 Relief
NCSHA sent the Internal Revenue Service and U.S. Department of the Treasury a letter urging them to extend certain temporary Housing Credit relief provisions in light of the COVID-19 pandemic’s continuing disruption of development and construction activities and the ongoing operation of Housing Credit properties.
New York’s HONDA Act Incentivizes Adaptive Reuse of Hotels into Affordable Housing
New York becomes the latest state to pass legislation that seeks to convert distressed hotels or other commercial properties into affordable housing, creating opportunities for property owners and nonprofit organizations.
Merchants Capital and Vitus Close $89 Million Portfolio Financing in North Carolina
Merchants Capital announced it secured $31.9 million in acquisition bridge loans and $57.8 million in seven separate 221(d)(4) loans for the Thetford Portfolio, a seven property Low Income Housing Tax Credit (LIHTC) 221(d)(4) pilot transaction in North Carolina. The deal was closed in partnership with Vitus, the company said.
CREA Names Jideonwo Executive Director and Head of Social Impact
CREA, LLC and CREA Foundation, Inc. named Arvetta Jideonwo as executive director and head of social impact.
CAHEC Foundation Awards $20,000 in Scholarships
The CAHEC Foundation announced that it partnered with Drew Charter School, one of CAHEC New Markets’ investments in Atlanta, GA, to sponsor four $5,000 scholarships for their graduating class of 2021.