Category Archives: Recent News & Updates

Over the past few years, FCC and its affiliates have engaged in greening of its portfolio.  This initiative has focused on reducing energy usage and conserving water.  By working with various funding sources including utility firms, this initiative has improved … Continue reading →

In 2014, FCC and its affiliates obtained over $17,000,000 for the refinancing of 4 properties containing 616 affordable housing units.  Proceeds from the refinancings were used for capital improvements, strengthening replacement reserves and providing cash distributions to investors.  Some of … Continue reading →

In 2013, FCC and its affiliates completed 10 refinancing transactions comprised of ten properties containing 923 affordable apartment units in the greater Mid-Atlantic region.  These transactions provided new fixed rate fully amortizing long term mortgage loans in excess of $25,000,000.  … Continue reading →

In September 2012, affiliates of FCC acted as the affordable housing advisor for the refinancing of a 150 unit Section 8 assisted housing project in southwestern Pennsylvania. A new HUD insured mortgage in the amount of $5,112,000 for a term … Continue reading →

In July 2012, FCC completed the disposition of a USDA Rural Development assisted housing property in Sugarcreek, Ohio. The property was sold to a buyer who used low income tax credits to rehabilitate and preserve the property as low income … Continue reading →

In April 2012, FCC completed the disposition of a USDA Rural Development assisted housing property in Corbin, Kentucky. The property was sold to a buyer who used low income tax credits to rehabilitate and preserve the property as low income … Continue reading →

In October 2011, affiliates of FCC acted as the affordable housing advisor for the refinancing of a 120 unit Section 8 assisted housing project in southwestern Pennsylvania. A new HUD insured mortgage in the amount of $3,035,200 for a term … Continue reading →

In July 2011, affiliates of FCC completed a long term preservation transaction for a 100 unit apartment complex located in the greater Western Pennsylvania region. The preservation transaction included the securing of a new project based Section 8 contract for … Continue reading →

In March 2011, FCC completed the refinancing of a 78 unit Section 8 assisted housing project in Findlay, PA. A new HUD insured mortgage in the amount of $3,539,300 for a term of 32 years bearing an interest rate of … Continue reading →

In December, FCC completed a long term preservation transaction for a 128 unit apartment complex located in the greater Pittsburgh area. The preservation transaction included the securing of a new project based Section 8 contract for a term of 20 … Continue reading →