Affordable Housing
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.
Jonathan Rose JV Buys Affordable Atlanta Community
The new owner plans a $16.5 million renovation of the 181-unit property in the Mechanicsville neighborhood.
LIHC, Rockport Mortgage Team Up for $74M Manhattan Refi
The loan will be used towards capital improvements at a 152-unit affordable building in the Little Italy neighborhood.
4 Things Affordable Housing Owners Can Do Now
Experts offer tips for keeping residents of affordable and low-income communities healthy and safe during the pandemic.
CBRE Arranges Financing for Salt Lake City-Area Project
The firm’s Debt & Structured Finance team secured a $19.3 million loan for the partially affordable development.
KeyBank Secures Financing for 2 Affordable Communities
The Oregon properties cater to residents earning no more than 60 percent of the area’s median income.
NMHC Research Foundation Study Examines Apartment Filtering
The comprehensive review finds the number of lower-income residents moving into naturally occurring affordable rentals has declined since the Great Recession.