Affordable Housing
Southern Minnesota Affordable Community Sells for $13M
The buyer financed the 144-unit acquisition with a $10.1 million Fannie Mae loan.
SMA Equities Lands $56M Construction Loan for NYC High-Rise
Located in an affluent Manhattan residential area, the project is set to include 28 affordable housing units, with the remaining 80 apartments targeting market-rate renters.
Long Island Affordable Housing Project Breaks Ground
The $32.3 million Garvies Point development will set aside units for individuals with mobility, hearing or visual impairment.
PNC Bank Sells Chicago Affordable Housing for $30M
The new owner will begin renovating the 240-unit community opposite the planned Obama Presidential Center next year.
New Frontier Buys Chicago-Area Senior Living Asset
The 120-unit affordable community known as Riverwalk commanded close to $9 million.
Indianapolis Affordable Housing Lands Equity Investment
The capital from Woodforest National Bank and CEI-Boulos Capital Management will support the 188-unit brownfield Opportunity Zone development.
Dominium Grabs Texas Affordable Housing Property
The buyer plans to invest in interior and amenity upgrades at the 140-unit property in Bryan.
Suburban Mixed-Income Boston Project Gets Financing
The funding from MassHousing will support development of the 111-unit second phase of a mixed-income property in Brockton, Mass.
After Miami Collapse: How to Prevent the Unthinkable
The catastrophic partial collapse of Champlain Towers South is likely to advance innovations that provide early detection of serious structural problems.
Jonathan Rose Cos. JV Lands $223M Loan for Phase II of Harlem Project
When completed, Sendero Verde is expected to be the largest multifamily development in the U.S. to meet Passive House standards.