Dominium

Meet Richard, a proud resident of Dominium’s recently revitalized Upper Post Flats in Fort Snelling, Minnesota. Richard trained at Fort Snelling while in the Army Reserves decades ago, and now he calls it home. Driven by a mission to make the world a little better each day, he spends nearly every weekday volunteering—at the VA Hospital, with local groups, housing programs, and worship services.??? Having served both in the Army and for 24 years in the Army Reserves, he often returned to Fort Snelling to train and be trained, building memories that now enrich his everyday surroundings. “When I was part of the reserves in the latter part of the 80s, there was talk about doing something with the property – upgrading,” Richard said. “No sooner did I hear that than I heard they were thinking about demolishing the properties. I’m very happy they decided not to bulldoze everything. I’m very happy to be here.” One of the biggest reasons for his relocation was to be closer to the VA hospital – a feature that attracts many Upper Post Flats residents. As a veteran, not only is Richard getting care there, but he is also there a few times a week as a volunteer. “Everything worked out for the best for me,” he says of living at the historic property. “I am very grateful for the staff here.” As he gives a tour of the property, Richard points out buildings and what they used to be. “It brings back memories when I go back in there. It’s a whole different look. I’m glad they’re able to utilize these buildings for affordable housing instead of bulldozing them down and putting up a new structure. I’m glad those interpretive panels (describing the property’s history) are around because I do see people now and then riding a bicycle stop and get out and take a look at what was going on way back when.” “They get enjoyment of the neighborhood coming back to life again.” #FortSnelling #UpperPostFlats #VeteranStory #HonoringVeterans #AffordableHousing #BuildingCommunity #WhatWeDoHitsHome

Last week, Dominium leaders attended Affordable Housing Finance Live in Chicago, where we engaged with many of our valued partners. This conference offered an incredible opportunity to collaborate, exchange insights, and strengthen relationships within the affordable housing industry. We're especially proud to celebrate Paul Sween, on his induction into the 2024 AHF Housing Hall of Fame, a well-deserved honor recognizing his remarkable contributions to the industry. Congratulations, Paul! And a thank you to our partners for the meaningful connections and collaboration that made this event so impactful. #AHFLive #AffordableHousingFinance #HousingHallofFame #IndustryConnections #Dominium

We are pleased to announce the successful closing of Maison at Solvita Marketplace, a 396-unit family new construction project located at 375 Maison Blvd in Kissimmee, Florida. This community will provide high-quality, amenity-rich affordable apartment homes tailored to support hardworking individuals and families in the Orlando metro area. Designed by Bessolo Design Group, Inc. and Bohler and constructed by WD Construction, the community will include a clubhouse, fitness center, pool, bus stop, playground and outdoor amenities. It will feature two-bedroom, three-bedroom and four-bedroom homes, which will be delivered in three phases over 32 months. This development was made possible through the support of our development partners. The financing includes a tax-exempt construction loan provided by Deutsche Bank, cash collateralized bonds from Stifel Nicolaus & Co, a taxable equity bridge loan from Truist, a Forward TEL commitment from Freddie Mac serviced by Grandbridge Real Estate Capital, and an equity investment in the 4% federal low-income housing tax credits by Truist Bank. This milestone marks Dominium’s first new construction project utilizing Multifamily Mortgage Revenue Bonds issued by Florida Housing Finance Corporation (FHFC), further strengthening our partnership with the state’s largest bond issuer and LIHTC allocator. This will also be Dominium’s first development in Florida utilizing the newly passed ad-valorem tax exemption thanks to FHFC. A special thanks to Osceola County Government, who approved a deferral of impact fees. We extend our gratitude to our additional development partners, including Winthrop & Weinstine, P.A., Holland & Knight LLP, Seltzer Management Group, Inc., U.S. Bank, Commercial Partners Title, LLC, Bryant Miller Olive P.A., Latham, Luna, Eden & Beaudine, LLP, Nabors, Giblin & Nickerson, P.A., Nelson Mullins Riley & Scarborough, Tiber Hudson LLC, Kutak Rock, and Akerman LLP, among others. Finally, we would like to congratulate Devon Quist, Banks Collier, Brody Swanson, Glen Daniels, Sarah Oh and Farah Asadulla. Thank you to all who played a role in the closing of this development and to all who will contribute to its success in the future.? #AffordableHousing #OrlandoHousing #Dominium #FloridaHousing

This week is National Hunger & Homelessness Awareness Week, a time to reaffirm our ongoing commitment to addressing the housing crisis. At Dominium, we believe everyone deserves access to a stable and dignified home. Through our work in the affordable housing industry, we strive to create lasting solutions that combat homelessness and housing insecurity. Our Dominium Gives volunteer program supports organizations working tirelessly to alleviate hunger and homelessness, while our Pro Bono Program gives our development services at no charge to organizations to help build interim or ‘missing middle’ housing for those in need. Our work is far from finished, and together, at Dominium and through our Dominium Gives program, we’re committed to creating a future where everyone has a place to call home—one step, one solution and one affordable housing community at a time. #HungerAndHomelessnessAwareness #AffordableHousing #DominiumGives?#GivingBack #MakingADifference

We're honored to be a Freddie Mac Multifamily Impact Sponsor, reaffirming our commitment at Dominium to building communities that extend beyond providing housing and support residents' futures. Through our Resident Internship Program and Opportunity's Front Door Scholarship Program, we're creating pathways to valuable hands-on experience and access to higher education. Watch the video below to hear from Dominium Partner and EVP, Paula Prahl, as she shares how our resident programs strengthen our communities for lasting impact. #ImpactSponsor #WhatWeDoHitsHome #MultiFamilyHousing #BuildingFutures #AffordableHousing

We are honored to partner with the Women's Affordable Housing Network (WAHN) and grateful for our employees' dedicated involvement in advisory boards, local chapters, and various initiatives. Their commitment strengthens our shared mission to advance affordable housing solutions. #WAHN #AffordableHousing #CommunityImpact #Partnership?

We’re thrilled to announce the successful closing of Sandoval Flats, Dominium’s first new construction project in New Mexico. Located at 3200 Camino Encantadas NE in Rio Rancho, this development will bring 216 high-quality homes to the Albuquerque metro area. Constructed by Pavilion Construction, Sandoval Flats will feature a clubhouse, fitness center, playground, pool, and outdoor amenity spaces. This project was made possible thanks to the collaboration and support of our development partners. Financing includes a tax-exempt construction loan from Barclays, a taxable bridge loan from Greystone Housing Impact Investors LP, a Forward TEL commitment from Freddie Mac serviced by Greystone, tax-exempt subordinate bonds from Colliers, State Housing Trust Funds from the New Mexico Mortgage Finance Authority, and an equity investment in 4% federal low-income housing tax credits by WNC. We also would like to thank Housing New Mexico (MFA) for facilitating Low-Income Housing Tax Credits, as well as Sandoval County Government for their allocation of tax-exempt private activity bonds and their ongoing support of Dominium’s mission to provide affordable, high-quality housing. Additional partners include Winthrop & Weinstine, P.A., McDermott Will & Emery, Holland & Knight LLP, Orrick, Herrington & Sutcliffe LLP, Ballard Spahr LLP, Sherman & Howard L.L.C., Todd & Associates, Inc., Huitt-Zollars, Inc., Newmark Title Services , Kutak Rock, and U.S. Bank as trustee, among others. We appreciate each of our partners for their invaluable contributions and dedication to making this project a reality. Finally, we would like to congratulate Ron Mehl, Tanner Nygren, Abby Perez, Nash Chute, Kai P., and Retivia Stevens on their exceptional work in bringing Sandoval Flats to fruition. Thank you to everyone involved in this successful closing and those who will be involved as we move forward. #AffordableHousing #NewMexicoHousing #CommunityDevelopment #RioRanchoNM #Dominium

Dominium Regional Maintenance Manager Darron B. was recently featured as a Master of Maintenance on the Multifamily X podcast. In his conversation with host Adrian C Danila CAPS, CAMT, Darron reflects on his career journey, which began with the support of his aunt. Starting as a groundskeeper for her, Darron utilized his spare time to expand his knowledge of the industry and maintenance practices, ultimately transforming his passion into a successful, lifelong career. We encourage you to listen to the episode below, where Darron shares valuable insights on multifamily maintenance, leadership, and industry trends. He discusses key topics such as addressing workforce shortages, the impact of the gig economy, the integration of new technologies and the work and team at Dominium. Darron’s expertise, strategic thinking, and leadership philosophy are evident throughout the interview, highlighting why Dominium is fortunate to have him as a leader. https://lnkd.in/gGEuDBrH #MasterofMaintenance #MultifamilyXPodcast #MaintenanceLeadership #IndustryInsight #MultiFamilyHousing #PropertyManagement #Leadership #MaintenanceInnovation?

Last week, we were honored to celebrate the Grand Opening of 900 at Cleveland Park in Nashville, Tennessee. Located just two miles from Downtown Nashville, this community introduces 256 affordable housing units, offering families a high-quality place to call home within the Nashville metro area. 900 at Cleveland Park features a range of thoughtfully designed options, including 7 studios, 153 one-bedroom, 65 two-bedroom, and 31 three-bedroom units tailored to family needs. Residents can enjoy an array of amenities, such as a clubroom, fitness center, on-site dog park, playground, and a rooftop terrace with scenic downtown views. We were privileged to welcome Nashville Mayor Freddie O'Connell, State Representative Harold Love, Tennessee Housing Development Agency (THDA) Executive Director Ralph Perrey, Nashville Industrial Development Board Chair Nigel Hodge, along with Dominium Senior Vice President and Central Development Lead Ryan Lunderby, and Development Associate Austin Holmes, whose remarks commemorated this milestone. We extend our sincere gratitude to all who joined us for the Grand Opening, as well as to our development, financial, and community partners, whose collaboration made this project possible. We are proud to contribute much-needed affordable housing to the Nashville community and remain committed to creating high-quality homes that make a meaningful impact. ? #AffordableHousing #GrandOpening #NashvilleHousing #CommunityImpact #FamilyHousing #BuildingCommunity #WhatWeDoHitsHome

We are thrilled to announce the successful resyndication closing of The Cesera, a 204-unit senior property in Garland, Texas. The Cesera was constructed in 2006 and initially financed through the 4% low-income housing tax credit program. Dominium acquired the property and took over management responsibilities in January 2022. ? This development would not have been possible without the support of our financial partners. The financing includes a tax-exempt immediate first mortgage provided by Fannie Mae and serviced by KeyBank, an equity bridge loan originated by KeyBank, and an equity investment in 4% federal Low-Income Housing Tax Credits by Key Community Development Corporation. Additionally, we would like to thank Texas Department of Housing and Community Affairs for their determination of Housing Tax Credits, Texas Bond Review Board for their allocation of private activity bonds, and Garland Housing Finance Corporation for their issuance of the bonds, partnership in the development, and continued support of Dominium’s efforts to provide safe, affordable, and high-quality homes. ? Additional development partners include Winthrop & Weinstine, P.A., ebersoldt + associates, LIA Engineering, Braun Intertec Corporation, Chicago Title, and Dominium Construction and Architectural Services. We would like to thank all these partners for their assistance on this development and continued commitment to providing high quality affordable housing. Finally, we’d like to congratulate Jeff Spicer, Austin Holmes, Brody Swanson, Halle Birckelbaw, Noi M. and Melissa Bonpua. Thank you to all who have participated in the closing of this transaction and to all who will be involved moving forward!