News
Esau Jenkins Village in the News
“The tax credits fetch higher or lower prices depending on current tax laws, expectations about inflation and other factors. So the government gives up a dollar of tax that would otherwise be owed, and low-income housing developers get less than a dollar in return.”
“For Esau Jenkins Village, federal income tax credits were sold for 86 cents on the dollar, and South Carolina tax credits for 50 cents, said Ray Nix of Maryland-based Nix Development Co., a developer of those apartments.”
Nix Development Founder interviewed for Inaugural Podcast Episode of “Developing Roots in Community Real Estate”
Trinity Baptist Church Partners with Nix Development for Senior Housing
‘“The partnership with National Church Residences and Nix Development Company will ensure that the ministry footprint of Trinity Baptist Church reaches beyond the pews in this community,” said Victor Davis, pastor at Trinity Baptist Church, in a press release. “The Scarborough will utilize the church’s land to assist with the stabilization of our community and provide safe, modern and affordable housing for our seniors.”’
Esau Jenkins Village Financing Complete for Construction
“Esau Jenkins Village, a new 72-unit affordable senior housing community, led by Maryland based developer Nix Development Co. through a strategic partnership with Sea Island Comprehensive Health Care Corp. (SICHCC), and Ward Mungo Construction LLC closed on $26 million of project financing on Dec. 22, according to a news release.”
President Ray Nix provides testimony for $12MM Bond Financing during City of Charleston Ways & Means Committee of City Council for Esau Jenkins Village project.
Ray Nix to serve as a program mentor for emerging developers accepted into Cleveland Development Advisor’s Equitable Development Initiative
The 2023 Cohort Graduates of Capital Impact Partner’s Inaugural Housing Equity Accelerator Fellowship
On Tuesday, October 10, 2023, Ray Nix, Founder and President of Nix Development Company, LLC joined cohort members, Momentus Capital executives, Amazon Housing Equity Fund leadership, and family and friends to celebrate the completion of Capital Impact Partners’ Housing Equity Accelerator Fellowship (HEAF) program.
Housing Equity Accelerator Fellowship: Supporting Developers of Color & Affordable Housing
The Housing Equity Accelerator Fellowship builds on Capital Impact’s successful Equitable Development Initiative training program, and facilitates new opportunities for real estate developers of color while also increasing affordable and workforce housing across the Washington metro region.