News Worth Sharing

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

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

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.

Press Release: Officials Gather to Celebrate the Opening of a $42 Million Affordable Housing Development in Springfield, Missouri

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

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: Join BGC at 2021 SW NAHRO

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:...

$10M development to bring housing options to Lake Providence

$10M development to bring housing options to Lake Providence

East Carroll Parish Police Jury Section 8 Housing and BGC Advantage, LLC closed with plans to develop a new affordable low- income housing tax credit community, Lakeshore Family Homes, LP. Construction will begin on the 45-unit infill project located in East Carrol...

WJTV: Tchula to receive affordable housing options in 2021

WJTV: Tchula to receive affordable housing options in 2021

TCHULA, Miss. (WJTV) — “People who have a minimum wage actually cannot afford a two-bedroom house,” explained Holly Knight, CEO of Knight Development. That’s across the country, and Holmes County, Mississippi is not exempt. The Jessie D. Banks neighborhood of Tchula,...