CLEARWATER, Fla.--(BUSINESS WIRE)--Oct 15, 2026--
Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the issuance of a $4.4 million USDA Rural Development (“RD”) Section 538 Option 1 permanent loan forward commitment for Longwood Gardens, a new construction affordable senior housing community in Inverness, Florida.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261015393140/en/
Longwood Gardens will provide 96 apartment homes for seniors, with affordability ranging from 30% to 80% of Area Median Income (“AMI”). The development will utilize 9% Low-Income Housing Tax Credits (“LIHTC”) to support the construction of affordable senior housing in Citrus County.
CSG has provided a $4.4 million forward commitment for permanent financing through its USDA RD Section 538 Option 1 program. Upon closing, the permanent loan will be securitized through Ginnie Mae.
Located approximately 70 miles north of Tampa, Longwood Gardens will offer residents convenient access to nearby employment opportunities, restaurants, shopping, and entertainment. The community will feature amenities including a swimming pool, fitness center, community room, dog park, shuffleboard courts, and outdoor gathering spaces.
Thais Pepe, Vice President, Originations Officer for CSG, stated, “We are pleased to provide a financing commitment for Longwood Gardens and contribute to the development of 96 new affordable housing units for seniors in Inverness, Florida. Through our USDA Rural Development Section 538 financing program, we are proud to partner with developers to expand access to quality, affordable housing and help address the growing need for senior housing in communities like Inverness.”
Keith J. Gloeckl, Chief Executive Officer of CSG, added, “Longwood Gardens represents another example of CSG's continued commitment to financing affordable housing developments across the country. Through our USDA RD lending platform, we are proud to provide financing solutions that help our development partners bring quality, affordable housing opportunities to communities like Inverness, Florida.”
For more information about CSG's multifamily finance programs and services, please contact our production team at production@csgfirst.com or visit us at CSGfirst.com.
About Churchill Stateside Group
Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and commercial renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction, permanent, and bond financing solutions. With over $6.5 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors. The company's investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC (CMI), is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer, seller, and servicer.
Rendering of Longwood Gardens, a 96-unit affordable senior housing community in Inverness, Florida.
NEW YORK (AP) — Former Venezuelan President Nicolás Maduro insisted in court on Thursday that newly unsealed torture allegations against him and his wife were “false accusations.”
Maduro and Cilia Flores, both shackled at the ankles, were brought to court to face a rewritten indictment that expands from an initial set of drug trafficking charges to accuse them of leading a state-sponsored repression campaign that tortured scores of victims, including three Americans.
Maduro twice defied a judge’s request that he enter a plea to the charges, instead condemning them through a courtroom interpreter as “false accusations and false testimony.” Irked, Judge Alvin K. Hellerstein took matters into his own hands, interjecting that “a plea of not guilty will be entered on behalf of Mr. Maduro.”
Flores was less combative. After saying that she’d read through a version of the new indictment written in Spanish, she told the judge through the Spanish interpreter: “I am completely innocent. I am not guilty.”
They were seized from their Caracas home by the U.S. military in a nighttime raid in January. Their trial will begin June 14, 2027, two weeks later than previously set, according to a schedule approved by the judge Thursday.
As they have in the past, Maduro and Flores listened to the proceedings through headphones carrying the voice of a courtroom translator. At times, the bespectacled Maduro looked through papers in front of him.
When they entered the courtroom, Maduro waved to people in the gallery and shook hands with one of his lawyers, Barry Pollack, while Flores gave a peck on the cheek to Mark Donnelly, one of her attorneys.
Pollack said when the charges were announced last week that Maduro, 63, denies them and “looks forward to his day in court.”
Pollack agreed with the government’s request to move the trial to June 14. He told Hellerstein the new schedule was “very aggressive” given the new allegations, but added that he’s hopeful they’ll be able to stick to it.
According to the rewritten indictment, Maduro oversaw a violent torture system that beat, asphyxiated, and delivered electric shocks to its victims. He is accused of personally recommending torture methods, receiving updates on specific victims’ treatment, and threatening to kill one prisoner’s child as a form of psychological torture.
Flores, 70, a former attorney general, helped develop the repressive system and ordered the torture of some specific people, the indictment alleges.
Maduro, who served as Venezuela’s president from 2013 until his capture in January, has been under investigation for years by the International Criminal Court over allegations of crimes against humanity, tied to his crackdown on opponents. He has always denied wrongdoing.
Torture is a crime under international law and can be prosecuted outside of the nation where the abuse occurred and regardless of the victims' nationality. But the prosecution of foreign officials in the U.S. is exceedingly rare, having been tried only a few times, including against the son of Liberian President Charles Taylor, Russians responsible for war crimes in Ukraine and a former prison warden in Bashar Assad’s Syria.
Earlier this year, Maduro and his wife pleaded not guilty in the U.S. drug case, which said they conspired to flood the U.S. with cocaine. Their attorneys say the case should be dismissed on immunity grounds because they were the leader and first lady of a foreign country.
The revised indictment covers allegations of torture stretching back to Maduro’s ascent to power in 2013, when he took over as president from his mentor Hugo Chávez, who died of cancer that year.
The couple was scheduled to return to the courtroom for another pretrial hearing on Dec. 17.
Associated Press Writer Joshua Goodman in Miami contributed to this report.
FILE - Venezuelan President Nicolas Maduro and his wife Cilia Flores wave after his swearing-in ceremony for a third term at the National Assembly in Caracas, Venezuela, on Jan. 10, 2025. (AP Photo/Ariana Cubillos, File)
