Member News

Merchants Affordable Housing Corp. (MAHC) announced Bruce R. Baird will serve as president and CEO. Baird has been involved with MAHC for more than seven years, having served on the organization’s Board of Directors since 2014 and as Board Chair since April 2019.

Tidwell Group announced that Andrew Hooper, Clint Hamilton, Michael Fournier, Patrick Burk and Sean Hutton have been promoted to partner.

Hunt Capital Partners announced it has closed $6.4 million in Low Income Housing Tax Credit equity and $2.4 million in state and federal Historic Tax Credit equity for the construction of 48 multifamily housing units in a new building plus 18 additional units in the adaptive reuse of a historic building in Monroe, LA, which dates back to 1929.

Dominium announced the successful closing of the Groves of Lawrenceville, a 322-unit property located in Lawrenceville, GA.

Financial services provider Merchants Capital announced it formed a registered investment advisor, Merchants Asset Management LLC, and secured equity commitments totaling $165 million through a joint venture between an institutional investor and Merchants Bancorp.

National Trust Community Investment Corporation announced it added seven new members to its team during the last quarter.

Beacon Communities CEO Dara Kovel announced that Duncan Barrett will leave Beacon “to pursue a more relaxing and enjoyable time in (partial) retirement.” Nicole Ferriera will head up the office upon his departure.

Dominium announced the closing of Osprey Village, located at Marigold Avenue and Stepping Stone Boulevard in Poinciana, FL. The $116 million development, once constructed, will provide 383 high-quality affordable homes to the senior community within the Orlando metro-area.

CREA, LLC said it named Ed Stone as chief credit officer. Stone will lead and further develop CREA’s credit and underwriting functions as well as its construction feasibility and monitoring group, the company said.

Merchants Capital announced it has established a Washington, D.C., office – the company’s fifth nationwide.

Monarch Private Capital announced its inaugural $235 million social bond issuance. Proceeds of the Monarch Social Bond will be used to finance affordable housing projects to support the firm’s commitment to narrowing the affordable housing gap in the United States, Monarch said. 

Dominium announced the successful closing of Harbor at Twin Lakes, located at 2730 Hershel St. in Roseville, MN. 

The new development will complete Dominium’s commitment to the Twin Lakes Station redevelopment, which includes Harbor of Twin Lakes’ sister property Oasis at Twin Lakes—an apartment community constructed in July 2020. The total development cost for the project is $72 million, the company said.