Long-time investment partners PNC Bank and Fifth Third Bank made meaningful charitable contributions to our work in Collier and Miami-Dade. PNC, our 15-year limited partner in the 100-unit Oaks at Shannon’s Crossing rental community prior to their scheduled December 31st, 2023, withdrawal, announced a $20,330 contribution toward professional training and compliance software. Fifth Third, our…
Steven Kirk, President of Rural Neighborhoods, has joined 14 seasoned nonprofit affordable housing leaders from across the county on the Enterprise Community Leadership Council. The national housing organization intends council members to help them shape and devise innovative policies, practices and capital for affordable housing and community development . “We’re asking this diverse group of…
Indiantown, FL business leader David Powers is Rural Neighborhood’s most recent member of the board bringing real estate expertise and broadening our geographic representation to Martin County. David posted a 12-year career in the propane and natural gas industry before forming Indiantown Realty Corporation. Importantly, he was a strong advocate and leader in bringing about…
Eighty participants joined Collier County Commissioner, Bill McDaniel, and Rural Neighborhoods to celebrate the lease-up of the 24-unit Casa Amigos rental community and adjacent Eden Park – Esperanza Place Housing Resource Center on October 16, 2024. The housing, designed by Hoffman & Facundo Architects, serves 24 households at 60% AMI and was absorbed in 45…
Total financing of $94M closed October 11, 2024, commencing new construction of the 252-unit Renaissance Hall rental community in suburban Golden Gate. The project is financed in part by U.S. Department of Treasury (under Federal Award Number 1505-0271) and Collier County Community & Human Services Division, PGIM’s HUD 221(d)(4) program, Collier’s International, Collier County’s and…
Rural Neighborhoods’ President, Steven Kirk, participated in a White Housing roundtable on rural housing on Wednesday, July 24th. The policy discussion brought together twenty-five rural and tribal housing professionals from around the country together with leadership from Domestic Policy Council, USDA and HUD. Undersecretary of Agriculture for Rural Development Basil Gooden, HUD Deputy Assistant Secretary…
Five Immokalee residents participated in resident leadership training in Orlando from August 14–17, 2024, joining over 150 other local citizens from urban and rural communities. The training organized by the Florida NeighborWorks Collaborative offered courses in Resident Engagement and Leadership, Disaster Response, Health & Housing, and Affordable Housing. One participant noted, “It was a great opportunity…
Rural Neighborhoods and Pinnacle announce closing on $32.2M in tax credit equity from Bank of America, $9.1M in conventional mortgage debt from Berkadia and Freddie Mac, and a subordinate $6M Miami-Dade Surtax loan to construct Old Cutler Village Phase 2. The five-story building with 120 workforce units located just east of the Ronald Reagan Turnpike…
Using surplus city-owned land, construction of the $42M, 110-unit senior rental community, celebrates its topping off event this week! The 5-story mid-rise closed on December 13th of last year and has risen steadily over its initial six months.
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