NEW YORK and RALEIGH, N.C., Sept. 07, 2022 (GLOBE NEWSWIRE) — Greystone Affordable Development, a nationwide inexpensive housing developer, has been acknowledged but once more by the Council for Affordable and Rural Housing (CARH) as the highest rural inexpensive housing developer for 2022. Greystone has achieved CARH’s high rating for builders of inexpensive rural rental housing six instances since 2015.
Greystone Affordable Development assists homeowners and property builders as they add to the nation’s inexpensive housing inventory with their experience in growth administration, building and complicated finance constructions. The group creates strategic partnerships with nonprofit and for-profit homeowners, operators, builders of inexpensive housing as effectively as public entities to realize their housing targets. The staff, led by President and CEO Tanya Eastwood, brings deep experience in Low Income Housing Tax Credits, tax-exempt bonds, and government-backed funding accessible to assist create and protect hundreds of inexpensive properties yearly.
During the previous 12 months, the group helped to develop 770 items throughout 30 properties, including to its whole of over 14,750 items with an extra 8,300 items in varied levels of completion throughout 13 states plus Puerto Rico.
“We are passionate about addressing our nation’s shortage of affordable housing in our most vulnerable communities and are committed to doing our part to close the gap,” stated Ms. Eastwood. “We are honored to be recognized again by CARH, a respected and powerful advocate for affordable housing, for our role in bringing safe, quality affordable housing to rural communities, which are particularly impacted during times of economic uncertainty.”
About Greystone Affordable Development
Greystone Affordable Development, a part of the Greystone household of firms and based mostly in Raleigh, NC, is among the many largest builders and developer companions of inexpensive rental housing within the United States. As a pacesetter throughout the inexpensive housing business, Greystone Affordable Development supplies artistic options as effectively as disciplined transaction administration, growth, and management to get offers achieved proper the primary time. The group’s mission is to create significant and vital impacts inside communities by serving to to offer low-wealth households with first rate, secure inexpensive housing. To date, Greystone Affordable Development has developed greater than 14,750 items in 385 communities throughout the U.S., with total financing exceeding $1.8 billion. For extra data, go to www.greystoneaffordabledev.com.
About Greystone
Greystone is a non-public nationwide business actual property finance firm with a longtime fame as a pacesetter in multifamily and healthcare finance, having ranked as a high FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are supplied by Greystone Servicing Company LLC, Greystone Funding Company LLC and/or different Greystone associates. For extra data, go to www.greystone.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
[email protected]
