Member News
NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator
ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
Pennrose’s New Brunswick Performing Arts Center Wins NAIOP Mixed-Use Deal of the Year
New Brunswick Performing Arts Center is a $171.8 million, 450,000-square-foot redevelopment project that includes two world class theatres, 207 apartments, 30,000 square feet of office space and a parking garage.
Beacon Preserves Affordability of Brockton Housing Communities With $14.5 Million in MassHousing Financing
MassHousing has closed on a total of $14.5 million in affordable housing financing to Beacon Communities LLC, for the rehabilitation and preservation of affordability of 570 apartments at two related Brockton housing communities, the 300-unit Chatham West I and 270-unit Chatham West II.
Related California Property Receives Design Awards
The American Institute of Architects in San Francisco (AIASF) has honored Five 88 as 2018 Merit Design Award Winner.
Dominium and National Housing Trust Hosts Grand Re-Opening of Courtyard Apartments in Cincinnati, Ohio
Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the grand re-opening of Courtyard Apartments in Cincinnati, Ohio on Wednesday, May 16th. This re-opening celebrates a remodel of all 137 units and common spaces made possible by a partnership with the National Housing Trust.
Dominium Hosts Grand Re-Opening of Castlewood Apartments in Davenport, Iowa
Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the grand re-opening of Castlewood apartments in Davenport, Iowa on May 21st. The re-opening ceremony celebrates the development’s first renovation since it was constructed in 1980.
Senior Housing Community On Nantucket Will Be Renovated, Have Affordability Extended For Perpetuity With $1.5 Million in MassHousing Financing
MassHousing has provided $1.5 million in financing to an affiliate of HallKeen Management. The MassHousing funding will enable HallKeen Management to make renovations to Academy Hill, a 27-unit mixed-income housing community for senior citizens on Nantucket, and to preserve affordability at Academy Hill’s affordable units for perpetuity.
Regions Bank Integrates Community Investment Capital and Syndication Businesses into Combined Regions Affordable Housing Division
Regions Community Investment Capital and Regions First Sterling (formerly First Sterling) have combined to become Regions Affordable Housing, a national Low Income Housing Tax Credit (LIHTC) syndication firm and leader in affordable housing.
Related Companies Acquires $590 Million Housing Portfolio
The 51 property portfolio spans 16 states and accounts for 7,837 units of affordable housing.
RBCCM’s Tax Credit Equity Group Closes on $158,415,511 RBC Tax Credit Equity National Fund-27
The Fund represents the first launch and closing of a multi-investor, multi-property national fund post-tax reform for TCEG and speaks to the strength of investor confidence in RBCCM’s tax credit equity syndication platform in uncertain market conditions.
Cinnaire Awarded $4.15 Million in Capital Magnet Fund Grants
Cinnaire was recently awarded $4.15 million in grants from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Capital Magnet Fund. The grants will be used to support affordable housing and community development throughout Cinnaire’s footprint.
Bank of America Merrill Lynch Community Development Banking Provided Record-Setting $4.53 Billion in Lending and Investing in 2017
Bank of America Merrill Lynch Community Development Banking (CDB) had a record-setting year in 2017, providing $4.53 billion in loans, tax credit equity investments and other real estate development solutions.
Pennrose Celebrates Residence at Roosevelt Park Grand Opening
The historic renovation of the original 1937 Roosevelt Hospital brings 84 units of affordable, independent senior housing to Middlesex County.