Affordable Housing - Northeast
Cities
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Forest City Trades Brooklyn Property for $156M
Principal Global Investors acquired 461 Dean, a 363-unit community—50 units of which are affordable—that opened in late 2016.
30 March 2018 14:16 -
JV to Develop 175-Unit Affordable Property in Upper Manhattan
Community League of the Heights, Ranger Properties, Alembic Community Development and the Children’s Village will build The Eliza, a fully affordable community that will include a renewed Inwood Library.
12 March 2018 13:34 -
Hunt Mortgage Group Adds New Director
Kevin Deegan will coordinate the company’s affordable housing/FHA team, but he will also serve clients using Hunt Mortgage Group’s balance sheet products and agency executions.
06 March 2018 17:05 -
Terri Ludwig’s Drive to End Housing Insecurity
In this month’s feature, Enterprise Community Partners’ president & CEO explains her strategy for taking on this daunting task.
05 March 2018 10:50 -
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 -
Affordable Boston Communities Land $11M Loan
East Boston Community Development Corp. plans to extend the affordability of 111 units in the eastern part of the metro. MassHousing arranged the transaction.
15 February 2018 14:19 -
Boston Affordable Senior Portfolio Lands $136M Refi
Symphony Plaza was constructed in 1980 and comprises two neighboring buildings. Masshousing closed the refinancing, allowing for significant on-site improvements and extending affordability for at least 30 years.
14 February 2018 19:24 -
WinnCompanies Secures $16M for MA Affordable Housing
MassHousing is providing financing for the rehabilitation and long-term preservation of the historic 180-unit Wellington Community in Worcester.
14 February 2018 15:48 -
Gaudenzia Completes Philly Affordable Housing Project
Designed by Cecil Baker + Partners for families battling addictions, the 24-unit community is now open for residents that are transitioning from treatment to independent living.
13 February 2018 15:21 -
CAPREIT Assumes Management of Affordable Housing in Upstate NY
Rochester Highlands is a 504-unit affordable apartment community in Rochester, N.Y., across from the recently developed mixed-use property CityGate.
12 February 2018 16:58 -
Upstate NY Affordable Senior Project Breaks Ground
Durand Senior Apartments in Irondequoit is set to provide 70 units and will include on-site health-care facilities.
07 February 2018 13:36 -
Airbnb Intensifies Gentrification Across NYC Communities: Report
According to a ShareBetter coalition report, short-term rentals have removed as many as 13,500 housing units yearly, with 66 percent of revenue being derived from illegal listings.
02 February 2018 14:33 -
Affordable Community to Replace Former MA Mill
MassHousing closed on $17.1 million in financing for the development of a 102-unit affordable housing community in Lawrence, involving the preservation of a former industrial property and remediation of a brownfield site.
01 February 2018 15:09 -
Construction Begins on $30M Affordable Project in Long Island
Speonk Commons will consist of 66 units, across two development sites in Suffolk County. Several public and private entities provided funding for the project.
22 January 2018 15:37 -
NYCHA Partners Up for Affordable Housing Renovations
Including these three new developer alliances, the PACT program will have updated 3,077 apartments with a total investment of $640 million.
22 January 2018 15:36