Category: Press Release

Baltimore’s First Zero Energy Multifamily Development Supports Penn North Community Vision For Affordable Housing, Small Business And Nonprofit Space

with Investment from Woodforest CEI-Boulos Opportunity Fund, a partnership between Woodforest National Bank and CEI-Boulos Capital Management THE WOODLANDS, Texas, Nov. 15, 2021 /PRNewswire/ — The Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established by Woodforest National Bank® and CEI-Boulos Capital Management, announced its $1.1 million equity investment in the Zero Energy North Avenue Affordable Housing project located in the recently designated “Black Arts District” in West Baltimore’s Penn North neighborhood. The Woodforest CEI-Boulos Opportunity Fund is the only outside equity investor in the $4.9 million, environmentally innovative project spearheaded by Baltimore’s Schreiber Brothers Development. The project, which will rehabilitate abandoned, historic townhouses, is the first multifamily, zero energy development in Baltimore and the first mixed-use, zero energy development in Maryland. Some construction jobs will be filled by a workforce development nonprofit providing training and experience in sustainable development and solar panel installation to individuals with low incomes.

OPEGA Releases Positive Review of the Maine Historic Rehabilitation Tax Credit

November 10, 2021|Augusta, ME – The Office of Program Evaluation and Government Accountability released its evaluation of the Maine Historic Rehabilitation Tax Credit (HRTC), finding that the tax credit’s structure and administration are sound and efficient, the credit follows best practices, and program data is robust. The evaluation also found that the HRTC incentivizes historic preservation and community revitalization, promoting affordable housing, job creation, and economic growth. 

Investment in Workforce Housing and Brownfield Cleanup Supports Indianapolis’ Near Eastside Community

The Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established by Woodforest National Bank® and CEI-Boulos Capital Management, announced its $3 million equity investment in The Wesmont in Indianapolis’ Near Eastside neighborhood. The new property, built on a four-acre remediated industrial brownfield site, consists of 188 new workforce apartments, 170 of which are affordable to people with low incomes. The Woodforest CEI-Boulos Opportunity Fund is the majority equity investor in the $31.1 million project spearheaded by TWG Development, LLC.

CEI Supports Maine Companies with Knowledge Share of New U.S. Aquaculture and Seafood Market Data

April 20, 2021 (Brunswick, ME) –Coastal Enterprises, Inc. (CEI) announced that it has acquired and is sharing competitive national seafood industry sales information with Maine’s aquaculture and seafood businesses. The syndicated broadline sales data for key Maine species identifies regional and metropolitan markets in the U.S., taking the guesswork out of where Maine businesses have the best prospects for expanding sales. CEI purchased the data as part of its Maine Seafood Marketing Initiative, a pilot effort to establish a state seafood marketing association promoting all of Maine’s seafood products. The data will be made available upon request to Maine businesses free of charge.  

Madison Park Development Corporation, Bright Community Capital, and Resonant Energy Partner with Roxbury, MA, Residents to Expand Low-Cost Renewable Energy

APRIL 14, 2021 – ROXBURY, MA – As of February 1st, 2021, a unique portfolio of 17 rooftop solar installations totaling 580 kW is now providing a steady stream of low-cost, renewable energy to 430 households in Roxbury, Massachusetts, providing nearly a million dollars in estimated utility cost savings to buildings serving older adults and families with low incomes. Collectively, the panels will produce 16,185,625 kWh over the next 25 years, reducing greenhouse gas emissions by 11,470 metric tons.

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