News Worth Sharing
Award Press Release: Harmony Garden Estates Receives Multifamily Award of Excellence
BIRMINGHAM, Ala., April 27, 2022--(BUSINESS WIRE)--Highland Commercial Mortgage, a Birmingham-based, nationally-ranked MAP and LEAN approved lender, announced in conjunction with BGC Advantage, an award-winning property developer, that the Harmony Garden Estates...
News Round Up: East Carroll Police Jury Section 8 Ribbon Cutting
Looking for a place to live? New East Carroll Parish housing development in Lake Providence By Ian Robinson, Monroe News-Star, March 15 - A new affordable housing option is finally coming to East Carroll Parish. The Lakeshore Family Homes is a new low-income housing...
Press Release: East Carroll Parish Police Jury Section 8 Housing Celebrates New Lakeshore Homes Development with Ribbon Cutting
Lake Providence, LA – East Carroll Parish Police Jury Section 8 Housing and their development partners BGC Advantage, LLC will celebrate the completion of the Lakeshore Family Homes, LP with a Ribbon Cutting Ceremony. The parish’s first new construction development...
News Round Up: Memphis Housing Authority Groundbreaking
$70 million in affordable housing renovations planned for Uptown and College Park By Omer Yusuf, Memphis Commercial Appeal, March 14, 2022 - The Memphis Housing Authority and developer BGC Advantage are planning $70 million in multiple affordable housing development...
Press Release: Memphis Housing Authority Announces Groundbreaking Event for $70M Rehabilitation of Multiple Uptown and College Park Properties
Memphis, TN – The Memphis Housing Authority welcomed partner BGC Advantage, LLC, local leaders, and project stakeholders to a ceremonial groundbreaking of the MH Strategies Family RAD & RAD II affordable housing developments on Monday, March 14th, 2022. The $70M...
News Article: WLBT – MS Regional Housing Authority Talks About Plans for Landmark Center in Jackson
Dr. Hickman Johnson, Executive Director of MS Regional Housing Authority No. VI, recently spoke to Jackson news station WLBT regarding prospective plans for the Landmark Center in Downtown Jackson, Mississippi. Now under the MRHA6 portfolio, Mr. Johnson expresses his...
Press Release: North Little Rock Housing Authority Has Begun $34 Million Affordable Housing Revitalization Effort
North Little Rock, AR – City and state officials, community leaders, and project stakeholders attended the demolition of Silver City Courts to make way for Holt District Homes, a new affordable housing community on Tuesday, January 25th. Located at 802 West 19th...
Article: Novogradac Journal of Tax Credits (January 2022 – Volume XIII, Issue 1)
“I think as a capital city, there’s a lot of opportunity [in Jackson]… There is a very vibrant minority community and there’s a lot of passion, a desire to make things work.” Holly Knight, CEO, BGC Advantage
Blog Post: CREA, LLC In Conversation with BGC Advantage’s Holly Knight
https://creallc.com/in-conversation-with-bgc-advantages-holly-knight/ Creating affordable housing solutions goes far beyond the four walls of a development. Truly meeting the challenges of housing inequity head-on requires considering a community as a whole with its...
New Article: Multi-housing News – BGC Advantage JV to Begin $59M Renovation
The Housing Authority of the City of Daytona Beach (HACDB) and BGC Advantage have teamed up as WM at the River LP. The partners are planning to invest $59.3 million to preserve and rehabilitate two affordable housing towers in Daytona Beach, Fla.
Press Release: Daytona Beach Housing Authority is Set to Begin $59 million Revitalization Project to Preserve Affordable Housing for the Senior and Disabled Residents of Daytona Beach
The Housing Authority of the City of Daytona Beach (HACDB) and BGC Advantage recently closed on the WM at the River, LP. The partners plan to rehabilitate the Windsor and Maley high-rise apartments located adjacent to each other on Beach Street in Daytona Beach, FL. The towers have a combined 298 efficiency, 1-bedroom, and 2-bedroom units, which have and will continue to house primarily elderly and disabled low-income residents. The total community investment will be $59,250,422 million.
Press Release: Memphis Housing Authority Announces $70 Million Investment To Preserve 472 Units of Affordable Housing
The Memphis Housing Authority finalized funding for MH Strategies Family RAD, LP and MH Strategies Family RAD II, LP for a combined community investment of $70,336,467. Both projects will be Rental Assistance Demonstration program redevelopment efforts with BGC Advantage, MHA’s private sector housing partner. The transactions were made possible with the help of partners at Raymond James Tax Credit Funds, Inc., Citi Community Capital, The Health, Educational and Housing Facility Board in Memphis, and the Tennessee Housing Development Agency.
Award: BGC Named Among 2021 MHN Top Multifamily Development Firms
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Award: BGC Honored with MHN Transaction Award – Lakeshore Family Homes
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Closing: North Little Rock Housing Authority closed on Holt District Homes, a proposed 128-unit multi-family rental community
North Little Rock Housing Authority closed on Holt District Homes, a proposed 128-unit multi-family rental community located at 802 West 19th Street, North Little Rock, Arkansas. This $37 million project is a partnership between the North Little Rock Housing Authority...
News Article – KY3 – Housing Authority of Springfield Renovation Project Takes Shape
SPRINGFIELD, Mo. (KY3) - A multi-million dollar project to overhaul affordable housing in Springfield is starting to take shape. Keystone Family Homes bought several complexes to renovate them. They’re currently managed by the Housing Authority of Springfield. Tuesday...
Press Release: Officials Gather to Celebrate the Opening of a $42 Million Affordable Housing Development in Springfield, Missouri
State and local officials, stakeholders, and project partners gathered today to celebrate the opening of Keystone Village, the first completed site of Keystone Family Homes, LP. Comprised of 297 units, this multi-site development represents a $42,841,583 million community investment, which resulted from a partnership between the Housing Authority of the City of Springfield (HAS) and BGCAdvantage. Together, the partners are set to convert the entirety of the existing HAS portfolio through the Rental Assistance Demonstration (RAD) program. In addition to stimulating local spending and taxes, the estimated economic impact of the development includes 487 construction phase jobs and 19 permanent positions.
Press Release: BGC Advantage Expands Executive Leadership Team, Promotes Ashley Wilson to Chief Financial Officer
Ashley Wilson has been promoted to Chief Financial Officer (CFO), where she will maintain steady and strategic oversight of a combined $460 Million+ in Budget/Total Development Cost for BGC Advantage’s stabilized and pipeline projects under construction. In this new role, Wilson will be a dynamic member of the Executive Management Team, providing financial analysis, strategic planning, and risk management evaluations for each housing development in the company’s expanding portfolio – from pre-development through lease-up and conversion to asset management.
Post: Booths are Back! Join Us at Texas Housing Association Annual Conference
Mask up and let's chat about #RAD and #AssetRepositioning at Booth #35. JoAnn Rodriguez and Katie Herrington Anderson will be representing BGC Advantage at the Texas Housing Association Annual Conference August 17-19 in Austin, TX. It's not too late to register...
Post: BGC Advantage Celebrated Back to School with Alexandria Housing Authority
The The Housing Authority of the City of Alexandria Back to School Bash was a huge success. Thanks to Congregational Security Inc. and the Alexandria Senior High School for your support. Our residents are ready to rock this school year. #communitydevelopment...
Award: Royal Cambridge Homes Selected as Finalist for AHF’s 2021 Readers’ Choice Awards
Thirty-six inspiring developments have been named finalists in this year’s affordable housing finance magazine’s Readers’ Choice Awards. Each is unique and show the range of housing being built for families, seniors, people who used to be homeless, and those with...
Press Release – Local Officials Gather to Celebrate the Opening of a $50 million Affordable Housing Development in Alexandria, Louisiana
ALEXANDRIA, Louisiana, July 6,2021- Local Officials Gather to Celebrate the Opening of a $50 million Affordable Housing Development in Alexandria, Louisiana City officials, community stakeholders, and project partners gathered on July 6th to celebrate the opening of...
BGC Advantage Participated in Black Wall Street 314 with Potential Residents in Wellston, MO
BGC had a great week getting to know the Wellston, MO community. We even hosted a Kona truck at the Black Wall Street 314 event, where we traded shaved ice for smiles from future residents of our Wellington Family Homes development. #ResidentServices #AffordableHousing
Post: Join BGC at 2021 SW NAHRO
It's not too late to join Joann and Katie at the 2021 SW NAHRO! You won't want to miss these virtual breakout sessions. #swnarho #AffordableHousing Time is running out! Register now for the 2021 Southwest Virtual Conference! Click Here:...