CDT Invests in Santa Ana Towers in Santa Ana, California
February 19, 2013. CDT acquired a limited partnership interest in a 200-unit age-restricted, 99% project-based Section 8 property located in Santa Ana, California called Santa Ana Towers. CDT made a preferred equity investment which allowed the property owner, Thomas Safran Associates, to exercise its option to purchase the property from the LIHTC limited partner.
CDT Completes Successful 2012 with Strong Production and Performance
February 6, 2013. CDT closed 2012 with a number of notable accomplishments. In total, CDT acquired, or committed to finance more than 1,000 units of affordable housing in 2012. CDT once again generated positive returns for shareholders while bringing debt and equity capital to underserved markets across the country.
CDT and Southport Financial Services Acquire Steinbeck Commons in Salinas, CA
November 28, 2012. CDT acquired a 100-unit, age-restricted, 100% project-based Section 8 property in Salinas, California called Steinbeck Commons. The property was purchased and rehabilitated with LIHTC equity and tax-exempt bonds by an affiliate of Southport Financial Services in 1998. By replacing the tax credit limited partner, CDT enabled Southport to recapitalize the property and maintain operating the property as high-quality affordable housing for seniors in Salinas.
CDT Names Merilyn Rovira Senior Vice President for Strategic Initiatives and Capital Solutions
August 16, 2012. CDT welcomed back one of its founding officers, Merilyn Rovira, as Senior Vice President for Strategic Initiatives and Capital Solutions. Merilyn spent the last twelve years of her 25 year career with Fannie Mae in a number of senior positions, most recently as a Director in their Multifamily and Community Development group.
CDT Awarded $1.45M from the Community Development Financial Institutions Fund
August 13, 2012. CDT was awarded $1.45 million from the Community Development Financial Institutions Fund. The award is presented to leaders in community development and will allow CDT to further its commitment to make innovative, mission-driven investments around the country in communities that need them most.
CDT and LINC Housing Corporation Acquire Pleasant View Apartments in Fresno, California
July 11, 2012. CDT made its first acquisition with a nonprofit to acquire the Pleasant View Apartments, a 60-unit, 100% affordable property, serving both seniors and low-income families in Fresno, California. CDT’s equity investment facilitated the continuation of on-site social services and financed a rehabilitation of the property.
|the community development trust|