Affordable Housing
Nonprofit Lands Financing for Affordable Community
MassHousing and Rockport Mortgage Corp. provided a permanent loan that will preserve and extend the 60-unit property’s affordability.
HUD Allocates $685M in Relief for Public Housing
The funding is part of the CARES Act legislation and will be used for PPE equipment, childcare costs and other COVID-19-related issues.
Hines to Begin $384M Project in Milan
The global real estate firm intends to build regulated rental apartments in the northern Italian city.
Sector Insights: Here’s What Everyone’s Talking About
Find out the latest on crucial segments of the multifamily market. What’s new in workforce housing, senior housing, mixed use, market rate/luxury, low-income and student housing?
Can Affordable Projects Fill the Gaps With OZ Funds?
Chicago developers tap PNC for a first mortgage and OZ capital.
Massachusetts Workforce Development Lands Financing
MassHousing provided part of the funds for the 12-unit project underway on the former Northampton State Hospital site.
New Jersey Affordable Housing Project Advances With Phase 2
Developer The Michaels Organization expects to deliver the last 60 apartments of the 136-unit community in early summer of 2021.
Jamboree Starts Construction on Orange County Project
The 102-unit affordable community in Anaheim is part of the city’s Neighborhood Improvement Program designed for Haster Orangewood.
Mogharebi Group Closes Sale of Senior Community in California
The 101-unit Cinnamon Ridge in Ontario, Calif., traded to a private investor.
Breaking Ground to Begin 508-Unit Brooklyn Project
The nonprofit received approval for its plan to transform a former hotel into affordable and supportive housing in the DUMBO neighborhood.