Merchants Capital has successfully closed a $160 million multi-investor tax credit fund, which is set to create or preserve over 1,400 affordable homes across various states, including Rhode Island and Ohio. This initiative underscores a significant investment trend in affordable housing, as reported by ConnectCRE 3.
In addition to affordable housing developments, E Ink has commenced an expansion of its U.S. headquarters in Billerica, Massachusetts. This project will enhance the company's research and development capabilities and accommodate over 260 employees, demonstrating E Ink's commitment to growth in the ePaper technology sector 1.
Meanwhile, Gilbane Development has broken ground on a new student housing project in Norman, Oklahoma, which will provide 756 beds for students attending the University of Oklahoma. This development highlights the ongoing demand for student housing near educational institutions 4.
On the infrastructure front, the Maryland Transportation Authority has announced a strategic decision to split the Key Bridge main span rebuild into four separate contracts. This approach indicates a structured methodology for managing large-scale infrastructure projects, as detailed by Construction Dive 2.
These developments reflect a dynamic landscape in both affordable housing and commercial real estate, with significant investments and projects underway across the country.
Sources
- ConnectCRE — E Ink Breaks Ground on Expansion of Billerica Innovation Center
- Construction Dive — Maryland issues RFQ for Key Bridge main span
- ConnectCRE — Merchants Capital Closes 160M Multi-Investor Tax Credit Fund
- REBusinessOnline — Gilbane Development Breaks Ground on 756-Bed Student Housing Project in Norman, Oklahoma