CDT closed on its Series D Redeemable Preferred Offering, raising a record-breaking $85.5 million.
Andrew Ditton, Managing Director of Citi Community Capital, and founding CDT Board member is named Chairman of CDT’s Board of Directors.
CDT closed its first equity transaction, The Bridge at Asher Apartments, utilizing National Housing Trust and the Kresge Foundation’s Hope Fund, which is targeted to preserving apartments in high opportunity areas with good school.
CDT closed its first two transactions under the NYC Department of Housing Preservation and Development’s Neighborhood Pillars Program.
CDT closed on a $14 million permanent loan to Neighbor Charter School of Harlem.
CDT received a Financial Assistance Award from the CDFI Fund.
CDT closes long-term mortgages with highly performing charter schools totaling $41 million.
CDT invested more than $30 million in four equity preservation transactions, all with non-profit general partners.
Received $3.6 million from the CDFI Capital Magnet Fund.
Second largest investment in CDT history with non-profit AEON in Minnesota.
CDT makes first equity investment in New Mexico with YES Housing Inc.
CDT provides financing for new charter school in South Bronx with Bank of America and Raza Development Fund.
Raised $33.0 million through sale of convertible preferred stock.
Brian A. Hudson, Sr. and Robin Hughes elected as new members to Board of Directors.
Received $3.3 million from the CDFI Capital Magnet Fund.
Announced Special Dividend and Stock Conversion.
A year for the record books:
CDT’s Largest equity investment of $17.1 million in Austin Texas.
Announces a $100 million commitment to the Rental Assistance Demonstration (RAD) Program.
Expands Mission to Launch New Charter School Lending Platform.
RAISED $54.0 MILLION THROUGH SALE OF 5% REDEEMABLE PREFERRED STOCK.
REACHED $1 BILLION IN ACTIVITY, PRESERVING MORE THAN 35,000 UNITS OF AFFORDABLE HOUSING.
NICOLAS RETSINAS ELECTED AS CHAIRMAN OF THE BOARD.
MADE ITS LARGEST-EVER EQUITY INVESTMENT IN CONEY ISLAND, NEW YORK.
RECEIVED $125 MILLION FROM THE CDFI BOND GUARANTEE PROGRAM, THE LARGEST ALLOCATION TO ANY RECIPIENT.
APPROVED AS A MEMBER OF THE FEDERAL HOME LOAN BANK OF NEW YORK.
MADE $70 MILLION IN PORTFOLIO PURCHASES FROM CDFIS.
NAMED A DESIGNATED AFFORDABLE CHANNEL LENDER WITH FANNIE MAE.
JOSEPH F. REILLY NAMED CDT’S SECOND PRESIDENT AND CEO.
RAISED $64.0 MILLION THROUGH SALE OF 4.25% CONVERTIBLE PREFERRED STOCK.
PETER J. WEIDHORN ELECTED AS CHAIRMAN OF THE BOARD.
STRUCTURED A $50 MILLION FANNIE MAE MBS SWAP.
RAISED $34.2 MILLION THROUGH SALE OF COMMON STOCK.
NAMED A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION.
MADE FIRST EQUITY INVESTMENT IN AN EAST HARTFORD, CT, PROPERTY.
RAISED $31.75 MILLION THROUGH SALE OF COMMON STOCK.
PURCHASED FIRST MORTGAGE LOANS.
INCORPORATED AS THE NATION’S FIRST COMMUNITY DEVELOPMENT REIT.
JUDD LEVY NAMED PRESIDENT AND CEO.
PAUL S. GROGAN ELECTED AS FIRST CHAIRMAN OF THE BOARD.