Affordable

Berkadia Secures $23M Loan for Chicago-Area Assets

Ridge Garden Apartments and Indian Trails Apartments, two affordable multifamily properties in the greater Chicago area, will undergo capital improvements.

Affordable

Affordable FL Community Lands $7M Financing

Walker & Dunlop arranged a 35-year loan for William Booth Towers, a 168-unit, age-restricted property west of Orlando’s central business district.

Affordable

NYC Public Housing Slated for $560M Makeover

The 24-building public housing community in the New York City borough of Queens will use the funding for upgrades and renovations.

Affordable

Regions

Change City

Domus Development Taps New President

Maurice Ramirez brings more than 25 years of industry experience to his new role, having contributed to the development of thousands of affordable housing units in California.
Sacramento 15 June 2017 13:05
Avanath Doubles Sacramento Footprint

In a $56.5 million deal, the company has acquired an affordable housing portfolio totaling 468 units in one of the nation’s hottest markets. The properties cater to seniors, families and mixed-income renters.
Sacramento 15 June 2017 10:05
HUD, HCR, MDG Partner for $160M Bronx Preservation

Michelangelo Apartments, a 494-unit affordable building, is a 43-year-old Mitchell-Lama community that will be renovated and preserved as affordable for another 40 years as a result of the deal.
New York 14 June 2017 16:56
Tackling Affordability with Fannie Mae’s Multifamily Chief

Renters who struggle to meet rising monthly payments with modest incomes are also fighting to live close to work, school or family members. To combat this problem, Fannie Mae's Executive Vice President and Head of Multifamily Jeff Hayward calls on all stakeholders to rethink the way they create housing for low- and moderate-income residents.
National 14 June 2017 15:36
Laurel Street Celebrates Opening of NC Community

The multifamily developer finished work on 757 North, a four-story residential project downtown Winston-Salem. The first residents are expected to move in by July 1.
Charlotte 09 June 2017 17:03
PAH Breaks Ground on $33M Silicon Valley Affordable Housing

Eagle Park Apartments will be a 67-unit community which will house low-income veterans and households earning up to 60 percent of the Santa Clara County area median income.
San Francisco 09 June 2017 16:05
Dougherty Arranges Refi for Louisiana Community

The 17.6-year Fannie Mae loan originated by Dougherty’s Minneapolis office has a 30-year amortization schedule. The $1.3 million financing will be utilized to refinance an 80-unit residential property.
New Orleans 09 June 2017 13:56