Albany Convention Center

EB5 Capital Celebrates the Closing of Hutchinson Island (JF38)

Retrieved on: 
Thursday, June 8, 2023
Partnership, Port of Savannah, Port, Albany Convention Center, Convention center, Commercial property, Investment, Savanna

WASHINGTON, June 08, 2023 (GLOBE NEWSWIRE) -- Today, EB5 Capital announced the closing of its $40 million preferred equity investment in Daniel Corporation’s Hutchinson Island (JF38) apartment project, located in Savannah, Georgia.

Key Points: 
  • WASHINGTON, June 08, 2023 (GLOBE NEWSWIRE) -- Today, EB5 Capital announced the closing of its $40 million preferred equity investment in Daniel Corporation’s Hutchinson Island (JF38) apartment project, located in Savannah, Georgia.
  • EB5 Capital is making a $40 million preferred equity investment in Daniel Corporation’s 288-unit, Class A multifamily property located across the Savannah River from Historic Downtown Savannah.
  • Hutchinson Island (JF38) is scheduled to break ground imminently, and the first units are expected to be delivered in early 2025.
  • EB5 Capital provides preferred equity investments for ground-up development across the United States.

Skrebutenas joins LISC to lead affordable housing work

Retrieved on: 
Monday, September 13, 2021
Local Initiatives Support Corporation, Housing, Quality of life, Columbia University, University, LISCON, Decision-making, Activism at Ohio Wesleyan University, Family, University of Connecticut School of Law, Health, Community, The arts, Roger Clinton Sr., White House, Economic development, LISC, Policy, Work, COVID-19, Rutgers University, Eviction, Community Renewal Tax Relief Act of 2000, CPC, Goal, Sale, Albany Convention Center, Management

NEW YORK, Sept. 13, 2021 /PRNewswire/ -- The Local Initiatives Support Corporation (LISC) has named Michael Skrebutenas, a long-time national affordable housing leader, as its new senior vice president for housing.

Key Points: 
  • NEW YORK, Sept. 13, 2021 /PRNewswire/ -- The Local Initiatives Support Corporation (LISC) has named Michael Skrebutenas, a long-time national affordable housing leader, as its new senior vice president for housing.
  • Skrebutenas will draw on his 25 years of experience to lead LISC's work investing in and advocating for quality rental and for-sale housing across the country.
  • He will work on key systemic and policy issues, help assemble vital housing capital, and oversee products and services to help LISC's community-based partners meet critical affordable housing goals.
  • Prior to his work at CPC, Skrebutenas was executive deputy commissioner/president at New York State Housing and Community Renewal.