Affordable Housing
Ares Lands $78M Refi for New York Community
The owner will use the loan proceeds to retire $66 million in CMBS debt and continue rehabilitation of the partially affordable asset in Westchester County.
Slate, RiseBoro Partner on Affordable Brooklyn Project
The developers plan to reserve the majority of the 215 units as supportive housing.
CPP Closes 1st Affordable Housing Buy in Tennessee
The owner plans to invest more than $12 million to reposition the 108-unit asset.
Cityview Raises $100M for California OZ Development
Oakland Waterfront will total 378 units in the Brooklyn Basin master-planned community on the Oakland Estuary.
BRIDGE Opens Affordable Portland Community
The project’s financing partners include Multnomah County, the Portland Housing Bureau and U.S. Bank.
Reviving America’s Workforce Housing: Spotlight on the Hudson Valley
Aker Cos. Principals Will Brocker and Mike Amato detail the company’s plans to revitalize the workforce housing market in the region.
Red Stone Equity Partners Closes $207M LIHTC Fund
The vehicle marks the firm’s largest ever and will help create or rehabilitate more than 1,600 affordable units.
Manhattan Multifamily Project Secures $59M Financing
The development will add 113 units within an Opportunity Zone in one of the borough’s growing submarkets.
Social Impact Investors Target Naturally Occurring Affordable Housing
Through “quick strike” funds, impact-minded sponsors are competing with value-add investors that purchase older properties with the goal of raising rents.
Dominium Expands Arizona Footprint
The 308-unit development in Phoenix is slated for a 2022 completion.