Affordable Housing - Mid-Atlantic
Cities
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NHP Foundation Lands $9M Loan for Affordable MD Purchase
National Affordable Housing Trust, in a partnership with Low Income Investment Fund and Morgan Stanley, provided acquisition financing for the 120-unit property.
13 June 2018 09:26 -
AHC Starts Work on $100M VA Affordable Project
An outdated property in Arlington will be transformed into a 256-unit community. The redevelopment is expected to be completed in 2020.
12 June 2018 09:40 -
Baltimore Affordable Senior Property Lands $33M HUD Loan
National Preservation Housing Partners purchased Zion Towers, a 211-unit community, for $39 million. HUD insured a $32.8 million loan for the acquisition and renovation of the property.
31 May 2018 08:20 -
Affordable Housing Project for Veterans Breaks Ground in DC
TD Bank has facilitated a $9.5 million construction loan for an adaptive reuse project built on part of a former military building at the Walter Reed Army Base.
29 May 2018 14:01 -
JV Debuts DC Affordable Housing
Developed by Somerset Development Co., New Community Partners and Jonathan Rose Cos., Portner Flats features 96 units and a playground, a fitness center and a community garden.
22 May 2018 14:34 -
WinnCompanies Redevelops 2 DC Affordable Housing Properties
In a two-year and $69 million endeavor, the company combined the 105-unit Atlantic Gardens and the 195-unit Atlantic Terrace and renamed the asset Atlantic Apartment Homes.
09 May 2018 16:01 -
Top 10 Apartment Owners in Richmond
After lagging the nation for most of 2017, rent growth in the city started rebounding last December. Upscale demand is driven by large commitments made by tech companies in the area, bringing in new multifamily construction.
10 April 2018 08:16 -
Avanath Buys 3 Affordable Communities in NJ, MD
Through its Affordable Housing III fund, the company bought two properties in Upper Marlboro, Md., and one in Wharton, N.J., with plans to upgrade the assets.
04 April 2018 15:52 -
Community Preservation Partners Buys Richmond Affordable Community
The company plans to rebrand the 216-unit Midlothian Village Apartments as The Belt Atlantic and invest $9.7 million into the property’s renovation.
15 March 2018 17:49 -
WinnCos. Completes Largest DC Community Solar Project
The District's Department of Energy and Environment awarded the firm a grant from its Solar for All program, which the company used to install a 651 kW rooftop facility at Atlantic Terrace Gardens.
09 March 2018 15:40 -
NHPF Lands $45M Affordable DC Asset
Woodmont Crossing Apartments marks the nonprofit’s fifth purchase under Washington, D.C.’s Tenant Opportunity to Purchase Act. The new owner plans a $7.4 million upgrade of the 176-unit community.
07 March 2018 15:07 -
Hunt Mortgage Arranges $5M for Philadelphia Asset
The firm arranged for a seven-year fixed rate loan on behalf of MM Equity Partners Philly for the acquisition of the 30-unit Reach Lofts.
02 March 2018 17:32 -
Insight Breaks Ground on 2 DC Communities
The R.L. Christian Apartments has been in the works since 2013. Lockwood Apartments will be located within walking distance of Pennsylvania Avenue and two Metro stations.
09 February 2018 15:04 -
On the Market: 5 Interesting Listings for the Week of 1/29
This week's listings include a portfolio investment opportunity in Prince George's County, Md., a new development in the Irvington neighborhood of Portland and an affordable housing community in Dallas.
02 February 2018 13:00 -
First Step to Expanding Affordable Housing: More Research
Urban Institute Researcher Corianne Scally weighs in on the forces that are shaping affordable housing in 2018, and why the industry needs more evidence regarding the most efficient programs and solutions.
30 January 2018 21:47