Urban planning in the United States

Paragon Mortgage Provides $53.4 Million New Construction Loan for Multifamily Property in Colorado Springs, CO

Retrieved on:

Tuesday, July 27, 2021

Professional services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, Banking, Mortgage industry of the United States, Finance, Money, Loans, Mortgage, Economy, Public housing in the United States, United States Department of Housing and Urban Development, Urban planning in the United States, Refinancing, Mortgage loan, Federal Housing Administration

Paragon Mortgage recently provided a $53.4 million new construction HUD 221(d)(4) loan for a 236-unit multifamily project in Colorado Springs, CO - in an entertainment district anchored by the Broadmoor World Arena - a vibrant multifamily real estate market.

Key Points:

Paragon Mortgage recently provided a $53.4 million new construction HUD 221(d)(4) loan for a 236-unit multifamily project in Colorado Springs, CO - in an entertainment district anchored by the Broadmoor World Arena - a vibrant multifamily real estate market.
View the full release here: https://www.businesswire.com/news/home/20210727005351/en/
Paragon Mortgage Arranges $53.4M HUD 221(d)(4) New Construction Loan for Eldorado Springs Apartments in Colorado Springs, CO (Graphic: Business Wire)
This HUD-insured financing provides for a combined construction and permanent loan for Market Rate multifamily projects.
Paragon Mortgage Corporation is an FHA, HUD MAP and LEAN approved mortgage lender solely focused on HUD-insured financing for over 34 years.
Paragon Mortgage specializes in FHA Insurance loans for a variety of project types Refinancing and Acquisition financing for market rate, affordable Multi-Family and Healthcare.

Dwight Capital Closes Q2 2021 with $234.15 MM in Seniors & Healthcare Financings

Retrieved on:

Monday, July 19, 2021

Commercial Building & Real Estate, Construction & Property, Managed care, Finance, Health, Banking, Professional services, Residential Building & Real Estate, Public housing in the United States, United States Department of Housing and Urban Development, Urban planning in the United States, Nursing home, Gainesville, Georgia, Dwight (Fox Point) Water Aerodrome, Articles

Dwight Capital financed $234.15 MM in seniors and healthcare financings during Q2 2021.

Key Points:

Dwight Capital financed $234.15 MM in seniors and healthcare financings during Q2 2021.
Dwight closed a $94.3 MM HUD loan for The Village at Gainesville , a 651-bed senior living community located in Gainesville, FL.
Dwight also provided financing for these senior living communities in Q2 2021:
$56 MM bridge refinance for a 1,550-bed portfolio of eight skilled nursing facilities (SNFs) located across Illinois.
For more information about Dwight Capital, please visit: www.dwightcapital.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20210719005091/en/

Lourdes Germán, Nancy Gibbs, and William Goodell Join Lincoln Institute of Land Policy Board

Retrieved on:

Tuesday, July 6, 2021

Lincoln Institute of Land Policy, Urban planning in the United States, Lincoln Institute, Lincoln, Goodell, United States, Government, Illinois

CAMBRIDGE, Mass., July 6, 2021 /PRNewswire/ -- Public finance expert Lourdes Germn, award-winning journalist and presidential scholar Nancy Gibbs, and former hedge fund executive William Goodell have joined the board of directors of the Lincoln Institute of Land Policy.

Key Points:

CAMBRIDGE, Mass., July 6, 2021 /PRNewswire/ -- Public finance expert Lourdes Germn, award-winning journalist and presidential scholar Nancy Gibbs, and former hedge fund executive William Goodell have joined the board of directors of the Lincoln Institute of Land Policy.
Lourdes Germn is an assistant professor of practice at Boston College Law School and the Boston College Carroll School of Management.
The Lincoln Institute of Land Policy seeks to improve quality of life through the effective use, taxation, and stewardship of land.
A nonprofit private operating foundation whose origins date to 1946, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges.

National social enterprise is set to expand local investments, tackle racial gaps and build economic opportunity with launch of renewed LISC Puget Sound

Retrieved on:

Wednesday, June 30, 2021

Ethical investment, Local Initiatives Support Corporation, Urban planning in the United States, Puget, Finance, Economy

Brian Surratt, who previously served as director of the city of Seattle's Office of Economic Development, has been named as executive director of LISC Puget Sound.

Key Points:

Brian Surratt, who previously served as director of the city of Seattle's Office of Economic Development, has been named as executive director of LISC Puget Sound.
"He understands how to build economic opportunity, address the systemic aspects of inequality, and help make the regional economy work better for everyone."
But, in recent years, the national nonprofit has not had a full-service LISC program office in the region.
The opening of LISC Puget Sound renews and expands the organization's long-standing commitment with ambitious plans to support economic opportunity and community gains.

Media Advisory: Visiquest Properties LLC Announces Revitalization and New Construction of 59 EVERGREEN APARTMENTS

Retrieved on:

Wednesday, June 23, 2021

MEN, Professional services, Family, Consumer, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Women, Urban planning, Building Systems, Finance, Landscape, Public housing in the United States, United States Department of Housing and Urban Development, Urban planning in the United States, Land lot, Real estate, Urban planning

Visiquest Properties, a real estate investment and development company, and Paragon Mortgage are pleased to announce the recent closing on an $18.6M FHA/HUD 221(d)(4) Multi-Family new construction loan for 59 EVERGREEN APARTMENTS in Glendale, AZ.

Key Points:

Visiquest Properties, a real estate investment and development company, and Paragon Mortgage are pleased to announce the recent closing on an $18.6M FHA/HUD 221(d)(4) Multi-Family new construction loan for 59 EVERGREEN APARTMENTS in Glendale, AZ.
View the full release here: https://www.businesswire.com/news/home/20210623005207/en/
In 2018, Visiquest Properties bought the land, amended the plat to consolidate the 70 vacant lots into a single lot.
This created a clean slate allowing the R-4 zoned land to be developed into 96 two-story garden apartments.
It is because of their continued efforts, confidence and faith that we were successful in getting this 3-year project across the finish line, said Joel Broder, CEO of Visiquest Properties, LLC.

PetScreening Closes $3 Million in Series A Funding

Retrieved on:

Thursday, June 10, 2021

Public housing in the United States, United States Department of Housing and Urban Development, Urban planning in the United States, Pet, Pets

The other firms were part of PetScreening's Series Seed funding.

Key Points:

The other firms were part of PetScreening's Series Seed funding.
The funding has already enabled the company to hire James Jenkins as associate legal counsel and Andrew Hartman as chief growth officer.
Via the PetScreening platform, a rental applicant enters information about their pets into the only centralized pet-screening database to analyze rental housing-related risk.
PetScreening streamlines the assistance animal accommodation request review process while following HUD guidelines, and it helps limit unauthorized pets.

Following Tenure as Deputy Secretary of HUD, Brian Montgomery Rejoins Radian Board

Retrieved on:

Tuesday, June 8, 2021

Radian Group Inc. (NYSE:RDN) today announced that Brian D. Montgomery has rejoined its Board of Directors following the completion of his second tenure at the U.S. Department of Housing & Urban Development (HUD), most recently serving as the Deputy Secretary of HUD.

Key Points:

Radian Group Inc. (NYSE:RDN) today announced that Brian D. Montgomery has rejoined its Board of Directors following the completion of his second tenure at the U.S. Department of Housing & Urban Development (HUD), most recently serving as the Deputy Secretary of HUD.
A highly distinguished public servant, prior to his most recent role as Deputy Secretary, Montgomery served as FHA Commissioner from 2005 to 2009 and from 2018 to 2020.
We are delighted to welcome Brian back to Radians Board of Directors, and we congratulate him on completing his second tenure at HUD, said Herb Wender, Radians Chairman.
On June 7, 2020, Radians Board increased the size of the board to eleven and appointed Montgomery to serve a new term.

FOURMIDABLE Named 'Affordable 100' Company

Retrieved on:

Wednesday, June 2, 2021

Public housing in the United States, Urban planning in the United States, Property management, United States Department of Housing and Urban Development, Nahma, Government

"Being recognized by NAHMA has become a company goal for us," said Michael Schocker, president of FOURMIDABLE.

Key Points:

"Being recognized by NAHMA has become a company goal for us," said Michael Schocker, president of FOURMIDABLE.
FOURMIDABLE is a national real estate management and brokerage company that specializes in managing, marketing and leasing market rate, tax credit, senior and family government assisted, public housing and rural development apartment communities.
Founded in 1975, FOURMIDABLE currently manages 70 communities in 11 states, with approximately 7,255 units under management.
FOURMIDABLE is a member of the elite AMO (Accredited Management Organization) and is an approved management firm for HUD, MSHDA and other State Agencies.

LISC raises $400 million in early capital for Project 10X to address deep racial disparities, promote growth and opportunity

Retrieved on:

Monday, May 24, 2021

Financial services in the United States, Economy, Articles, Finance, Ethical investment, Local Initiatives Support Corporation, Urban planning in the United States, Community development financial institution, Economic inequality

LISC, one of the nation's largest community development financial institutions (CDFIs), launched Project 10X in November 2020.

Key Points:

LISC, one of the nation's largest community development financial institutions (CDFIs), launched Project 10X in November 2020.
"In that way, Project 10X is additive to work we have been doing for decades."
LISC is deploying Project 10X capital as equity, debt, and grants that are specifically designed to address the drivers of the racial wealth gap and build wealth for BIPOC families, businesses and communities.
"The Project 10X approach raises capital specifically devoted to efforts that address deep disparities, so we can invest right now to safeguard BIPOC assets, while also laying the foundation for transformational growth in the future."

Public-Private Partnership Completes Transformation of Atlanta BeltLine's Smart City Corridor and Paves Way for New Development Opportunities

Retrieved on:

Thursday, May 20, 2021

Cycling in Atlanta, Beltline, Transportation in Atlanta, Urban planning in the United States, Smart city, Beltline, Atlanta, Urban planning, Geography of Georgia U.S. state)

"The partnership with the ABI has been a catalyst for network development and has drawn attention from innovative local, national and international companies seeking to expand their services within the greater Atlanta region.

Key Points:

"The partnership with the ABI has been a catalyst for network development and has drawn attention from innovative local, national and international companies seeking to expand their services within the greater Atlanta region.
"We are thrilled about the fiber optic network along the Atlanta BeltLine and what it means for bringing greater opportunity to the citizens and businesses of Atlanta.
We provide robust smart city , intelligent transportation , critical infrastructure and private network solutions and services with greater efficiency, less cost and a streamlined acquisition process.
For more information on the Atlanta BeltLine, please visit www.BeltLine.org .\n'