HUD

Colin Grayson Joins Greystone as a Managing Director, Lending

Retrieved on: 
Monday, April 1, 2024
CBRE, Business administration, University, Senior, Freddie Mac, HUD, Fannie Mae

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Colin Grayson has joined the firm as a Managing Director for its lending business platforms.

Key Points: 
  • NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Colin Grayson has joined the firm as a Managing Director for its lending business platforms.
  • Prior to joining Greystone, Mr. Grayson was a Vice President, Multifamily Originations at Lument for eight years.
  • Mr. Grayson also held positions in the commercial real estate industry at Legacy Partners Residential Development, Inc., and at CBRE.
  • “Colin’s a critical new addition to our Agency lending team, bringing over a decade of expertise and relationships to Greystone,” said Mr. Mejia.

Walker & Dunlop HUD Team Finances Over $135 Million for Six Rhode Island Properties in Six Months

Retrieved on: 
Tuesday, April 9, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Public Relations, Investor Relations, Urban Planning, Communications, Professional Services, Building Systems, Other Construction & Property, Residential Building & Real Estate, Walker & Dunlop, Growth, Partnership, FHA, MAP, Housing, Multimedia, DSCR, HUD

Walker & Dunlop, Inc. announced today that it arranged $135,323,400 in HUD loans for six multifamily properties in Rhode Island between October 2023 and February 2024.

Key Points: 
  • Walker & Dunlop, Inc. announced today that it arranged $135,323,400 in HUD loans for six multifamily properties in Rhode Island between October 2023 and February 2024.
  • The team worked alongside the U.S. Department of Housing and Urban Development (HUD) to complete the financing.
  • View the full release here: https://www.businesswire.com/news/home/20240409630799/en/
    The Walker & Dunlop HUD Financing team, led by Chris Rumul , served as exclusive advisors to the client, Carpionato Group, and successfully arranged all six loans.
  • Carpionato Group is a longtime HUD client of Walker & Dunlop, with six HUD-insured loans currently in the company’s servicing portfolio.

JPMorgan Chase Increases Housing Affordability Commitments With Additional $20 Million in Philanthropy and Expanded Customer Offerings

Retrieved on: 
Monday, April 8, 2024
Residential Building & Real Estate, White House, Federal Government, Construction & Property, State, Local, Insurance, Finance, Banking, Professional Services, Philanthropy, Public Policy, Government, Fund Raising, Urban Planning, Personal Finance, DEI (Diversity, Equity and Inclusion), Other Philanthropy, Corporate responsibility, Element, Community development financial institution, Organization, Community development, Face, Chase, Country, Compass, Dreamaker, Partnership, Social mobility, Education, SPCP, City, Research, Policy, Acquisition, CFE, Family, The Urban Institute, Catapult, CDFI, UnidosUS, Housing, Investment, Urban, FSS, JPMorgan Chase, Economic development, HUD, Real estate

JPMorgan Chase is increasing its housing affordability commitments across the U.S. with expanded philanthropic capital and consumer lending products.

Key Points: 
  • JPMorgan Chase is increasing its housing affordability commitments across the U.S. with expanded philanthropic capital and consumer lending products.
  • “Healthy communities are integral to our business model, and affordable housing opportunities are vital to creating strong communities and building intergenerational wealth,” said Tim Berry, Global Head of Corporate Responsibility, JPMorgan Chase.
  • “The private sector has an important role to play alongside non-profit organizations and policymakers in advancing housing affordability, including increasing access to homeownership.
  • Delivering Impact with Organizations in Washington, DC and Across the Country
    Today’s philanthropic announcement builds on JPMorgan Chase’s $400 million five-year commitment to improve housing affordability and stability for underserved households.

Quectel to Showcase Latest IoT Solutions at Embedded World 2024

Retrieved on: 
Monday, April 8, 2024
Telecommunications, Satellite, Software, Networks, Data Management, Technology, IOT (Internet of Things), Mobile, Wireless, Temperature, MiFi, Certification, 4G, New product development, Original equipment manufacturer, Wi-Fi, Feminism and modern architecture, Humidity, Iris, App Store (iOS/iPadOS), ODM, MikroTik, Running, ZCS, AWS, NFC, COV, NOX, Gateway, CO2, Ecosystem, CSO, Data management, HUD, GNSS, Mobile phone

Quectel Wireless Solutions, a global IoT solutions provider, is pleased to be showcasing some its industry leading IoT connectivity solutions and technologies, catering to various industries and applications at Embedded World 2024 in Nürnberg.

Key Points: 
  • Quectel Wireless Solutions, a global IoT solutions provider, is pleased to be showcasing some its industry leading IoT connectivity solutions and technologies, catering to various industries and applications at Embedded World 2024 in Nürnberg.
  • In addition, Zeljko Maric, Product Development Manager at Quectel, will be participating in a panel session centered on IoT Modem Reference Design or IoT SoC Modules Modem for Embedded Designers.
  • "We are excited to participate in Embedded World 2024 and showcase our latest innovations in IoT connectivity," said Norbert Muhrer, President and CSO, Quectel Wireless Solutions.
  • "As a leading provider of IoT modules, Quectel is dedicated to empowering businesses worldwide with reliable, secure and innovative connectivity solutions.

OAK CREEK HOMES CELEBRATES TRIPLE WIN AT 2024 MANUFACTURED HOUSING AWARDS

Retrieved on: 
Friday, April 5, 2024
MHI, Less, Congress, House, Plant, Luxury, Manufactured Housing Institute, The Crane, OCH, Tornado, Atmosphere, Weather, Living room, HUD, Self storage

LEAGUE CITY, Texas, April 5, 2024 /PRNewswire/ -- Oak Creek Homes (OCH) proudly announces its triumphant win at the 2024 Excellence in Manufactured Housing Awards. Among stiff competition, OCH secured victory in three categories, reaffirming its status as an industry leader in quality and innovation.

Key Points: 
  • LEAGUE CITY, Texas, April 5, 2024 /PRNewswire/ -- Oak Creek Homes (OCH) proudly announces its triumphant win at the 2024 Excellence in Manufactured Housing Awards.
  • Hosted by the Manufactured Housing Institute (MHI) at Congress & Expo , Oak Creek Homes emerged victorious in the Small Volume Manufacturer of the Year – Three Plants or Less, Manufactured Home Design- Multi-section, and Manufactured Home Design – Single-section categories.
  • Founded in 1971 by CEO Buck Teeter, Oak Creek Homes offers a diverse range of high-quality factory-built homes and commercial structures.
  • Explore every room of the Crane and take a video tour here :
    In conclusion, Oak Creek Homes' triple win at the 2024 Excellence in Manufactured Housing Awards underscores the company's unwavering commitment to excellence and innovation.

Greystone Closes $425 Million Healthcare CLO

Retrieved on: 
Monday, March 18, 2024
CLO, Goldman Sachs, CRE, Corporate finance, Capital market, Bridge, Nursing, UBS, Freddie Mac, HUD, Fannie Mae, J.P. Morgan & Co., Property management

NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, today announced the closing on March 15, 2024 of Greystone CRE Notes 2024-HC3, a $425 million Commercial Real Estate Collateralized Loan Obligation (CRE CLO) backed exclusively by bridge loans provided by Greystone Monticello on healthcare-related properties.

Key Points: 
  • NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, today announced the closing on March 15, 2024 of Greystone CRE Notes 2024-HC3, a $425 million Commercial Real Estate Collateralized Loan Obligation (CRE CLO) backed exclusively by bridge loans provided by Greystone Monticello on healthcare-related properties.
  • Greystone CRE Notes 2024-HC3 marks Greystone’s sixth overall CRE CLO and the industry’s third-ever CRE CLO comprised solely of healthcare assets, particularly skilled nursing, assisted living, memory care, and independent living facilities, the first two being closed by Greystone in 2018 and 2021.
  • This latest collateral pool for Greystone CRE Notes 2024-HC3 comprises 13 whole loans and 9 participations totaling $397 million that Greystone originated, secured by mortgages on 51 properties in 19 states.
  • Greystone will invest the remaining $28 million of CRE CLO proceeds over the next 180 days into comparable mortgage loan assets.

Greystone Provides $57.3 Million in HUD-Insured Construction Financing for New Multifamily Property in Ft. Myers, Florida

Retrieved on: 
Thursday, March 14, 2024
Community, BBQ, EV, Executive officer, FHA, HUD

The financing was originated by Joe Averbook and Elie Gabay, both Managing Directors at Greystone, on behalf of Miami-based Alliance companies.

Key Points: 
  • The financing was originated by Joe Averbook and Elie Gabay, both Managing Directors at Greystone, on behalf of Miami-based Alliance companies.
  • Montego Square is a planned market-rate moderate income multifamily community that will consist of 280 studios, one-, two- and three-bedroom units.
  • The property will be a 4-building complex spanning 18 acres, and the construction period is estimated at 23 months.
  • Greystone’s HUD-insured construction financing carries both a 40-year term and amortization period at a low, fixed rate.

Federal Home Loan Bank of Dallas and Wells Fargo Bank Award $850K for Rio Manor Apartments Renovation

Retrieved on: 
Thursday, March 28, 2024
Women, Seniors, Other Philanthropy, Men, Hispanic, Urban Planning, Family, Finance, Banking, Fund Raising, Consumer, Foundation, Other Construction & Property, Professional Services, Residential Building & Real Estate, Philanthropy, Commercial Building & Real Estate, Construction & Property, Organization, AHP, Wi-Fi, Investment, Oportunidades, Computer, Housing, FHLB, Federal Home Loan Banks, Multimedia, Wells Fargo, HUD, Rehabilitation

Prospera Housing Community Services (Prospera) was awarded an $850,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member Wells Fargo, to help fund the renovation of Rio Manor Apartments, a 60-unit multifamily apartment community in Del Rio, Texas.

Key Points: 
  • Prospera Housing Community Services (Prospera) was awarded an $850,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member Wells Fargo, to help fund the renovation of Rio Manor Apartments, a 60-unit multifamily apartment community in Del Rio, Texas.
  • View the full release here: https://www.businesswire.com/news/home/20240328255708/en/
    Representatives from organizations involved in the project break ground for Rio Manor Apartments additions in Del Rio, Texas.
  • “Wells Fargo is proud and honored to be the construction lender on this impactful project.”
    In 2023, FHLB Dallas awarded $28.4 million in AHP grants to 43 affordable housing projects.
  • “It’s great to see the AHP funds used toward a renovation that will help Del Rio residents live affordably and comfortably.”

Regions Bank Names Katie Such as head of Affordable Housing as Rob Chiles Announces Retirement

Retrieved on: 
Wednesday, March 27, 2024
Residential Building & Real Estate, Banking, Construction & Property, Professional Services, University, Real estate, PNC Financial Services, Bachelor of Arts, Business administration, Bank, Regions Financial Corporation, Distribution, Such, Housing, Investment, Region, Home Forward, Multimedia, LIHTC, Portland State University, HUD, Fannie Mae

Regions Bank on Wednesday announced experienced financial services leader Katie Such has been elevated to serve as head of Regions Affordable Housing .

Key Points: 
  • Regions Bank on Wednesday announced experienced financial services leader Katie Such has been elevated to serve as head of Regions Affordable Housing .
  • View the full release here: https://www.businesswire.com/news/home/20240327719034/en/
    Regions Bank is announcing experienced financial services leader Katie Such has been elevated to serve as head of Regions Affordable Housing.
  • (Photo: Business Wire)
    Mike Smith, head of Real Estate Banking for Regions, said the appointment of Such reflects Regions’ continued dedication to supporting affordable housing opportunities.
  • The result is helping connect more people with more high-quality housing options.”
    Regions Affordable Housing LLC is a national low-income housing tax credit (LIHTC) investor, syndication firm and leader in affordable housing.

Bart M. Schwartz Completes 5-year Monitorship Over New York City Public Housing Authority

Retrieved on: 
Wednesday, March 20, 2024
Technology, Consulting, Professional Services, Security, Culture, Government, Agreement, Paint, Public housing, Law enforcement, Ethics, SDNY, Elevator, NYCHA, Housing, HUD, General Motors

Guidepost Solutions , a global leader in domestic and international investigations, compliance solutions, monitoring, and security and technology consulting, today announced that Bart M. Schwartz , Guidepost Solutions Chairman, released the “ Monitor’s Final Quarterly Report for The New York City Housing Authority ” (NYCHA).

Key Points: 
  • Guidepost Solutions , a global leader in domestic and international investigations, compliance solutions, monitoring, and security and technology consulting, today announced that Bart M. Schwartz , Guidepost Solutions Chairman, released the “ Monitor’s Final Quarterly Report for The New York City Housing Authority ” (NYCHA).
  • It outlines three areas - governance, ethics with values-based compliance, and accountability - that require improvement and provides recommendations for how that can be done.
  • “NYCHA now has the foundation and the opportunity to become a well-run and respected authority that meets the requirements of the Agreement and better serves the interests of the residents,” said Schwartz.
  • Trash is picked up 6 days a week at all developments and the grounds of most developments are noticeably cleaner.