Affordable Housing
Fairstead Buys Jacksonville Asset for $15M
The seller provided the new owner of the 149-unit community with $11.1 million in acquisition debt.
Douglaston Lands Financing for $94M Bronx Project
The 188-unit affordable senior housing development will rise near the New York Botanical Garden.
Amazon Unveils $2B Affordable Housing Fund
The e-commerce giant joins Facebook, Google and Microsoft in pledging big dollars to apartments for moderate- and low-income renters.
Belveron Partners Closes $280M Affordable Housing Fund
The company plans to use the fund proceeds to acquire and preserve about 5,000 units of affordable and workforce housing nationwide the next three years.
Related Acquires Manhattan Affordable Housing for $424M
The Section 8 community and its 490 units in Manhattan’s Lower East Side are fully leased.
Dominium Begins Metro Denver Affordable Development
The developer expects to complete the 204-unit project in Parker, Colo., by the spring of 2022.
$350M Secured for South Bronx Development With 542 Affordable Units
The project is part of a Bronx residential building boom and Mayor De Blasio’s plan to add 300,000 affordable units by 2026.
Edgewater Group Sells 150 Units in El Paso
The fully affordable Mission Valley community last traded 16 years ago.
Public-Private Partnership Creates Los Angeles-Area Affordable Housing
The partnership, led by Standard Communities, transitioned a 150-unit community from market-rate to workforce housing.
Developers Land $58M for Seattle’s First Affordable High-Rise
Plymouth Housing and Bellwether Housing are working together on the 365-unit project slated for completion in 2022.