CDT May 2023 Newsletter – Capital Raise, Largest-Ever Investment, Management Team Promotions
CDT’s May newsletter includes a letter from our President and CEO Joseph F. Reilly, and announcements for management team promotions, our recent capital raise, and our largest-ever affordable housing investment….
CDT Invests in $1.2 Billion Acquisition Preserving More Than 10,000 Affordable Housing Units
Joint Venture Partnership Known as Essential Housing Impact Partnership Acquires 90 Communities Across Eight States (New York, April 24, 2023) The Community Development Trust (“CDT”), together with The Michaels Organization…
CDT Promotes Grace W. Cheng to COO/CFO
Company Promotes Grace W. Cheng to Chief Operating Officer and Chief Financial Officer New York, N.Y. (April 13, 2023), The Community Development Trust (“CDT”) has promoted Grace W. Cheng to…
CDT Completes Second-Largest Capital Campaign in its History, with $68.5 Million to Continue and Expand its Mission
New Capital Supports CDT’s Joint Commitment to Community Impact and Delivering Competitive Returns New York — Thursday, February 16, 2023 — The Community Development Trust (“CDT”), a national provider of…
The Community Development Trust closes on facility financing for Philip’s Academy Charter School of Paterson, New Jersey
The Community Development Trust has partnered with non-profit developer Building Hope, New Jersey Community Capital, PNC Tax Credit Solutions, Leviticus Loan Fund and FARR Education to support the development of…
The Joint Center for Housing Studies and the Harvard University Graduate School of Design Honor CDT Director Nicolas Retsinas
CDT is proud to share that long-time CDT Board Member Nicolas Retsinas has been honored by The Joint Center for Housing Studies and the Harvard University Graduate School of Design,…
CDT Expands Management Team
Company Appoints Senior Vice President of Development and Vice President, Corporate Administration and Human Resources New York, N.Y. (August 17, 2022), The Community Development Trust (“CDT”) announced today real estate…
CBS News Report: Developers complete 1,000 NYCHA apartment renovations
2,900 residents are now benefiting from renovations that include new bathrooms, kitchens and flooring in apartments as well as replacements of heating systems and full elevator rehabs.
CDT Appoints Michael Lear as Chief Business Development Officer
CDT has announced the appointment of Michael Lear as Chief Business Development Officer.
CDT in the News: Affordable Housing Finance features Deal to Acquire and Preserve 1,000 Units in New York City
Read the article on the Affordable Housing Finance website.