homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

November 25, 2005

Homestead Capital

Portland-based Homestead Capital has closed two private equity funds that raised $78 million to develop low-income rental housing. Homestead Capital is a nonprofit syndicator that forms partnerships with corporations, reinvests the capital in affordable housing, and delivers tax credits to investors. Investors in the $60 million Homestead Equity Fund V include Fannie Mae, Wells Fargo Bank, U.S. Bank, The Standard, and Bank of the West. Homestead Western Communities Fund, formed to meet the needs of smaller community banks, closed with $18 million in capital. Investors include Columbia Bank, Banner Bank, Bank of the West, South Valley Bank & Trust, Bank of the Cascades, River City Bank, Cashmere Valley Bank, Columbia River, Bank of the Pacific, Cowlitz Bank and Pacific Continental Bank.




Email or user name:
Password:
 
Forgot password? Click here.