{"id":469732,"date":"2021-04-01T09:03:27","date_gmt":"2021-04-01T13:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469732"},"modified":"2021-04-01T09:03:27","modified_gmt":"2021-04-01T13:03:27","slug":"greystone-and-hand-housing-partner-to-bring-financing-solutions-to-bipoc-developers-in-the-mid-atlantic-region","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greystone-and-hand-housing-partner-to-bring-financing-solutions-to-bipoc-developers-in-the-mid-atlantic-region\/","title":{"rendered":"Greystone and HAND Housing Partner to Bring Financing Solutions to BIPOC Developers\u00a0in the Mid-Atlantic Region"},"content":{"rendered":"<h2>\nHAND Members to Gain Exclusive Access to Greystone\u2019s Industry-Leading Debt and Equity Platforms<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK and WASHINGTON, April  01, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_QeZVkoxwCF3K2vGrN2HVpMkLU3oIVfRmLpjjL-aAO3IJE3eCQwRxFz6l3WJAfvPvrt9evh0R9YHfGAwWCDZAg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Greystone<\/a>, a leading national commercial real estate finance company, and Housing Association of Nonprofit Developers (HAND), the U.S. Capital Region\u2019s premier member association advocating for affordable housing production and preservation, have launched <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CXmjS3igu8VapHfkMr0mwhtwKL3mDZ5mWjEXMm6uNWDdH3jdWw87kto9Jr9ZepSJMKnp9IVjrLeCXrx_QXhipnyqWGtylS1V0r1kvi-NZKI65Q38K4ePMEyTseX53nrr\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Equity in Action<\/a>, a partnership to increase access to working capital for real estate developers and investors in the Black, Indigenous, Person of Color (BIPOC) community. As part of an exclusive benefit to HAND, BIPOC developers will gain direct access to advisory and financing solutions for affordable housing construction, refinancing, recapitalization, and acquisition, including access to Greystone\u2019s #1 ranked FHA lending platform.<\/p>\n<p align=\"justify\">Through education, engagement and regional advocacy, HAND builds the capacity of its cross-sector member collective to support the development of equitable communities for individuals and families at all income levels. As HAND\u2019s first financing partner, Greystone will offer custom solutions for the creation and preservation of multifamily housing and community development projects, accelerating both opportunities and access for HAND\u2019s membership base. Additional benefits to members include strategic CRE portfolio reviews, restructuring advisory services, and expertise on Low Income Housing Tax Credit (LIHTC) and bond financing solutions for affordable housing.<\/p>\n<p align=\"justify\">\n        <strong>Mid-Atlantic Focus Addresses Immediate Regional Affordability Crisis<\/strong>\n      <\/p>\n<p align=\"justify\">According to HAND\u2019s recently-launched <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8O1sGnsDqk_9PX4kGVRU4yxgdMWWJnBkTGt186it_8aJ1q8N6snrwdY3RY40jgN7rw4t5fSRLaVeJLif_jmWFtjuOZ4tSmnHxDJ-9Sikhpg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Housing Indicator Tool<\/a>, the D.C. region created only 12% of the new affordable units that the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1A1fLYphGdXzMsurZtG8R2Ppi1DkhJpOrlt3CZll83W_xY8rAN7yN7E3Zp2gQgpKnwAvvLdnBSdbEvantqKzzZXiuX1kZIaS2RYKWqXU50LvRwgZchNATuvazQijyCEFxazKyM6p8vy8FPPhfTDlhiZ3KYztBhBDtgN3yTH4sn2B6eNQrwKxak4YGo4ibUQCcM10ubCYjEfQNeYwN-TOwg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Urban Institute<\/a> says are needed by 2030 to meet demand.<\/p>\n<p align=\"justify\">\u201cRight in D.C., and in surrounding Maryland and Virginia, the affordability crisis has been exacerbated by the pandemic and economic setbacks. Add to this that black and brown real estate developers are still met with the obstacle of basic access to the capital needed to execute their plans to revitalize communities,\u201d said Heather Raspberry, Executive Director, HAND. \u201cWe are pleased to partner with\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_QeZVkoxwCF3K2vGrN2HVmj3QX9iLAvy3AeD_XudQUb744vMU-jHxsrYqAQDmwsgxoJ0DRSQYBplTLuAXuBXYRklUzJjdycl4q3stfYTYtfXbm6l_8LlkEaDM6OeTWgU\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Greystone<\/a>\u00a0to offer a membership benefit designed to increase opportunities for the BIPOC community as well as increase awareness and education of the options available to the institutional market.\u201d\u00a0<\/p>\n<p align=\"justify\">\u201cGreystone is executing on its commitment to help reduce barriers to accessing capital for communities of color and beyond, and we are hyper-focused on bringing the benefits of our debt and equity solutions to groups that need them most,\u201d said Steve Rosenberg, founder and CEO of Greystone. \u201cHAND\u2019s membership is aligned with our own mission to preserve and create desperately-needed affordable housing, and we are thrilled to create a direct access point for them to benefit from finance and advisory services to help achieve their goals. We hope this partnership with HAND serves as a model to creating access to financing for other BIPOC commercial borrower communities nationwide.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Greystone<\/strong><br \/>\n        <br \/>Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and\/or other Greystone affiliates. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2qPTKTk7gWt8Je7lFJu5IRdBOFPHLxMwX8xN0-IY77LuV9FMsJqSwlHR1EBFMmFZ8qaHrhaA5sTi6Xb6QrTTGw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.greystone.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About HAND <\/strong><br \/>\n        <br \/>Founded in 1991, HAND is a nonprofit membership association comprised of over 450 organizations working across the private, public and nonprofit sectors to collaborate in the production and preservation of affordable housing in the Capital Region of Baltimore, Washington, and Richmond. Through education, engagement and regional advocacy, HAND builds the capacity of its diverse membership to support the development of sustainable communities for individuals and families at all income levels. Visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fWcLRJK_Aa09ZSUPH_xRJYYSH8_FmC3n04wQA_9_cAN13D_h-3IhRPnXkYuPozX9WAo0cxWwfNsWCrdxDTKxBVQ4bCHfNpreW70WGAKXhyM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.HandHousing.org<\/a> to learn more about HAND\u2019s efforts to build vibrant communities across the metropolitan region.<\/p>\n<p>\n        <strong>PRESS CONTACT:<\/strong><br \/>\n        <br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oVEBeSARXvXwWju1uvHbzTAuxle2aqU1sbeBcb6bT3bkvLEiRwZzTc1F1uAn5TGkrV0yCp7XDRcYHviBACLXdRfx5nak7fNfuZDE66Kur_I=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Karen.Marotta@greyco.com<\/u><\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwOTk5MiM0MTAxNzkzIzIwMjMzODA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5fa161a2-44e0-4a2d-ab65-0bf603e90ecb\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HAND Members to Gain Exclusive Access to Greystone\u2019s Industry-Leading Debt and Equity Platforms NEW YORK and WASHINGTON, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, and Housing Association of Nonprofit Developers (HAND), the U.S. Capital Region\u2019s premier member association advocating for affordable housing production and preservation, have launched Equity in Action, a partnership to increase access to working capital for real estate developers and investors in the Black, Indigenous, Person of Color (BIPOC) community. As part of an exclusive benefit to HAND, BIPOC developers will gain direct access to advisory and financing solutions for affordable housing construction, refinancing, recapitalization, and acquisition, including access to Greystone\u2019s #1 ranked FHA lending platform. Through education, engagement &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greystone-and-hand-housing-partner-to-bring-financing-solutions-to-bipoc-developers-in-the-mid-atlantic-region\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Greystone and HAND Housing Partner to Bring Financing Solutions to BIPOC Developers\u00a0in the Mid-Atlantic Region&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469732","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Greystone and HAND Housing Partner to Bring Financing Solutions to BIPOC Developers\u00a0in the Mid-Atlantic Region - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greystone-and-hand-housing-partner-to-bring-financing-solutions-to-bipoc-developers-in-the-mid-atlantic-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greystone and HAND Housing Partner to Bring Financing Solutions to BIPOC Developers\u00a0in the Mid-Atlantic Region - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HAND Members to Gain Exclusive Access to Greystone\u2019s Industry-Leading Debt and Equity Platforms NEW YORK and WASHINGTON, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, and Housing Association of Nonprofit Developers (HAND), the U.S. Capital Region\u2019s premier member association advocating for affordable housing production and preservation, have launched Equity in Action, a partnership to increase access to working capital for real estate developers and investors in the Black, Indigenous, Person of Color (BIPOC) community. As part of an exclusive benefit to HAND, BIPOC developers will gain direct access to advisory and financing solutions for affordable housing construction, refinancing, recapitalization, and acquisition, including access to Greystone\u2019s #1 ranked FHA lending platform. 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As part of an exclusive benefit to HAND, BIPOC developers will gain direct access to advisory and financing solutions for affordable housing construction, refinancing, recapitalization, and acquisition, including access to Greystone\u2019s #1 ranked FHA lending platform. 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