Member News
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 […]
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.
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 […]
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 […]
The Architectural Team Names Thomas Schultz as New Managing Principal
The Architectural Team (TAT) announced the elevation of principal and longtime leadership team member Thomas Schultz, AIA, NCARB, CPHC to the official role of managing principal. During his 23 years at TAT, Schultz has developed a reputation as both an influential designer and an adept leader who exemplifies the firm’s mission of creating more vibrant, livable cities and […]
Merchants Capital Secures $74M+ in Debt and $16M+ in Equity Financing for Workforce Housing Development in Wyoming, Mich.
Merchants Capital announced $74.1 million in debt and $16.7 million in low-income housing tax credit (LIHTC) equity financing for HōM Flats at 28 West Phase 3, a new mixed-use, mixed-income workforce housing development in Wyoming, Michigan, developed by Magnus Capital Partners. Merchants Capital secured a $30.6 million Freddie Mac 4% unfunded forward tax-exempt loan (TEL), $16.7 million in 4% LIHTC equity financing and a $43.5 million construction bridge loan provided by Merchants Bank […]
AAMCI – Development, LLC announced the acquisition of Eastwood Manor, in Chattanooga, Tennessee, a 98-unit property built in 1977 with 100% PBRA.
A $8.4 million rehabilitation will be completed in 2026.
Dominium to Host Groundbreaking Event for Cobia Cove, a New Construction Project in Holiday, Florida
Dominium announced it will celebrate the groundbreaking for the Cobia Cove affordable housing development in Holiday, Florida on Thursday, December 11. At the end of 2024, Dominium shared they had acquired this land. Once completed, Cobia Cove will provide 228 high-quality homes for families in the City of Holiday and the broader Tampa Bay metro. The development will be constructed by WD Construction and will include […]
Cinnaire Lending Awarded $5.9 million in Affordable Housing Program (AHP) General Fund Subsidies by FHLBank Chicago
Cinnaire Lending was awarded $5.9 million in Affordable Housing Program (AHP) General Fund subsidies by the Federal Home Loan Bank of Chicago (FHLBank Chicago) to support the development of 137 affordable housing units across Wisconsin. These grants will help finance the acquisition and new construction of three projects in Manitowoc, Hudson, and Somerset—each designed to expand housing […]