Affordable Housing
Greystone Arranges Financing for Baltimore Affordable Housing
Several community organizations provided grants to support the transit-oriented project.
Blackstone Provides $48M LIHTC Funding in Phoenix
In its first ground-up project, the firm’s affordable housing affiliate will partner with Dominium to build 372 apartments.
Camber Property, Slate Wrap $51M NYC Affordable Community
Tremont Residences will include units with support services for formerly homeless people.
Wood Partners, PGIM Break Ground in Raleigh
Located in a southern hotspot, the community is set to begin preleasing in summer 2023.
Affordable Community for LGBTQ+ Seniors Opens in Cincinnati
The project is the city’s first age-restricted affordable housing community of its kind.
Vibrant Cities Lands $32M Loan for Seattle Property
Following completion earlier this year, the property’s 4,900 square feet of retail space has already been fully leased.
Bridge Investment Group Raises $1.7B for Affordable Fund
With approximately $42 billion in assets under management, the firm recently completed funding for its Bridge Workforce and Affordable Housing Fund II.
Rising Costs Exacerbate Rental Shortage, Walter Cautions
NMHC’s vice president of research warns that development delays have increased an already large shortfall in apartment supply. And the supply/demand ratio for affordable and essential housing is even further off.
HVPG Completes $85M Revitalization of New Jersey Property
The makeover included $25 million in interior renovations and the creation of fully compliant ADA units.
Why Affordable Housing Production Lags Demand
At this week’s NAREE conference, JLL and Grubb Properties executives shared insights with MHN’s Suzann Silverman about affordable housing subsets and barriers to development.