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Feb 24, 2026 4:50 PM

Greystone Supports Rehabilitation of 640 Affordable Housing Units Across North Carolina with $81 Million in LIHTC Equity and USDA Financing

NEW YORK, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced it has provided both debt and equity financing for the rehabilitation of a 640-unit affordable housing portfolio spanning 10 properties across rural North Carolina for a total of $80,934,222. The transaction was led by Greystone Servicing Company LLC as the construction to perm lender providing $52,552,000 of USDA 538 financing, with Greystone Real Estate Capital providing $28,382,222 in Low-Income Housing Tax Credit (LIHTC) equity. Harmony Housing Affordable Development Inc. (HHAD) served as developer, in partnership with co-developer Landura Investment Company.

The complex financing structure also includes the assumption and re-amortization of existing USDA Section 515 loans, Capital Magnet Fund soft loans provided by Foundation for Affordable Rental Housing Holdings Inc., surplus reserve ...