NEW YORK, July 05, 2016 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, today announced it ranks #1 of top developers serving the affordable housing industry in Rural America. The rankings, part of the 2016 CARH 2020, were released by the Council for Affordable and Rural Housing, a national rural affordable housing advocacy and trade organization based in Washington D.C.
To achieve this #1 position, as of December 31, 2015, Greystone developed 1,384 units in 39 properties that provide affordable housing in a USDA-defined rural area or multifamily housing financed through the Rural Development Section 515 Rural Rental Housing Loan program. Greystone’s affordable housing development group has preserved over 7,300 units of affordable housing to date, and is currently working to rehabilitate another 7,800 units.
“It is an honor to have been named the top developer on CARH’s 2020 list for 2016. We take pride in our continued efforts to lead the development and preservation of affordable housing in rural areas across America,” said Tanya Eastwood, head of Greystone’s affordable housing development group, who was recently elected president of CARH for the 2016-2018 term.
“As an advocacy group that has represented the interests of rural affordable housing providers for more than 35 years, CARH knows how important organizations like Greystone are to ensuring low-income rural Americans can secure affordable housing. We congratulate them on this momentous achievement,” added Colleen Fisher, executive director of CARH.
Greystone is a real estate lending, investment and advisory company based in New York. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.
The Council for Affordable and Rural Housing (CARH) is a non-profit association founded in 1980. CARH has served as the nation’s leading advocate for the financing, development, and management of affordable rural rental housing for over 35 years. CARH is the only association that exclusively represents the needs of the rural housing industry and its participants, which include owners, developers, managers, non-profits, housing authorities, syndicators, accountants, architects, attorneys, bankers, and vendors to the industry. For more information about the benefits of CARH membership, including savings on business supplies, networking, continuing education, resources, and meetings, please visit www.carh.org, or contact CARH at 703-837-9001 or firstname.lastname@example.org.
PRESS CONTACT: Karen Marotta Greystone 212-896-9149 Karen.Marotta@Greyco.com