The need for affordable housing has never been greater than in the age of COVID
Chicago had a widening affordable housing gap prior to the pandemic, and the economic fallout of the crisis means that even more families are in…
Affordable Housing
KeyBank provides $2 million in financing for affordable seniors housing in Ohio
KeyBank Community Development Lending and Investment (CDLI) secured $2 million of financing for Columbus, Ohio-based National Church Residence, the nation’s largest not-for-profit provider of affordable…
Aeon, Community Development Trust and Minnesota Housing close $4.25 million refinancing of affordable apartments in Minnesota
Aeon, a nonprofit developer and operator in the Twin Cities; The Community Development Trust, a national investor in affordable housing; and Minnesota Housing closed the…
Minnesota Housing closes $4.6 million refinance of St. Paul multifamily tower
Minnesota Housing recently closed a $4.6 million refinance of the Minnesota Building in downtown St. Paul. The Minnesota Building is home to two affordable multifamily…
Q&A: Andrew Balster talks designing for social impact
Andrew Balster serves as office practice leader of CannonDesign, overseeing the firm’s 200-person Chicago office. In addition to managing teams and projects, one of his…
Regions Affordable Housing names Rachel Thomas-Phillips SVP and relationship manager
Regions Affordable Housing, a division of Regions Bank, announced Rachel Thomas-Phillips has been appointed to serve as senior vice president and relationship manager in its…
Alliant Capital closes $65M tax credit fund for affordable housing in Texas and other states critically hit by COVID-19
Alliant Capital announced the closing of Fund 103, a $65 million low income housing tax credit fund that will facilitate the creation of nearly 650…
POAH expands Chicago affordable housing presence with Bridgeport, Uptown acquisitions
Preservation of Affordable Housing (POAH) is extending its reach in the Chicago market by acquiring five more affordable properties with 247 rental apartments from the…
Greystone Affordable Development preserves more than 800 affordable housing units in Texas
Greystone Affordable Development recently closed a $120.5 million transaction—its first in the state of Texas—in collaboration with Burnet, Texas-based Hamilton Valley Management, Inc., an owner…
NRP Group to build affordable housing community in Cleveland
The NRP Group has been awarded housing credits in a competitive application process administered by the Ohio Finance Housing Agency. The credits will be used…