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Disparities in distribution of funds for minority-owned businesses

A recent report reveals disparities in funding distribution among women and minority-owned businesses in the District of Columbia, prompting concerns about inclusion and equitable distribution.

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Merchants Capital New York Secures $25.9 Million in Financing for Renovation of 294-Unit Multifamily Community in Puerto Rico

NEW YORK, NY - The New York office of leading multifamily financier Merchants Capital today announces it has secured more than $25.9 million for the renovation and upgrade of Mirador Las Casas, a Section 8 and Low-Income Housing Tax Credit (LIHTC) multifamily development located in San Juan, Puerto Rico. This project is notable as a return by the Puerto Rico Housing Finance to 4% LIHTC housing bond issuance.
The property features 294 units across 21 three-story buildings, with a variety of...

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Zimmerman, TriStar Alliance Closes on Co-Located Affordable Housing Community Just South of Atlanta

Zimmerman, TriStar Alliance Closes on Co-Located Affordable Housing Community Just South of Atlanta
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Zimmerman, TriStar Alliance Closes on Co-Located Affordable Housing Community Just South of Atlanta

Zimmerman, TriStar Alliance Closes on Co-Located Affordable Housing Community Just South of Atlanta
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Partners secure $71M to acquire, preserve affordable Westchester rental

LIHC Investment Group and Silver Street Development Corporation have acquired a 134-unit low income housing development in Tuckahoe, NY, for $54.5 million
The joint venture secured $71 million in financing to acquire and preserve Marble Hall Apartments as affordable housing through at least 2060 while investing $5.78 million in upgrades and improvements over the next ten months.
“The preservation of Marble Hall guarantees the availability of affordable, healthy homes well into the future while providing peace of mind for our residents during a time of uncertainty for many American families,” said Andrew Gendron, Principal, LIHC Investment Group. “This deal was truly a team effort, from the sellers to the many public and private partners who rolled up their sleeves to make this intricate transaction a reality. We applaud all parties for working to ensure our existing stock of affordable housing is both protected and improved.”

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