Affordable Housing
LIHC Investment Secures Refi for 2 Affordable New Jersey Communities
Rockport Mortgage closed the FHA Section 223(f) loans for properties in Verona and Pine Hill.
Affordable Senior Community Underway in Fort Lauderdale
HTG expects to complete construction on the 100-unit property in the first quarter of 2021.
Hines Acquires Newly Constructed Virginia Community
Developed in an undersupplied submarket of Washington, D.C., The Emerson features a mix of studio, one-, two- and three-bedroom apartments for a total of 355 units.
CDP Scores $94M in Financing for Portland Project
The 224-unit affordable housing development in Gresham, Ore., is scheduled for completion in 2021.
Hunt Capital Partners, Pennrose Expand Affordable Housing Project
The companies have secured $4.5 million in financing to build 55 senior living units as part of the second phase of the Residences at Glenarden Hills development in Lanham, Md.
Boston-Area Mixed-Income Asset Lands Construction Financing
MassHousing provided part of the funding, with the rest awarded by a combination of governmental tax credit programs.
Osprey Sells Maryland Affordable Senior Asset
Greysteel negotiated the disposition of an 80-unit community restricted to residents aged 62 and over.
New Affordable Housing Development Set for Chicago Area
Construction has begun on a mixed-use project offering 72 units in Maywood, Ill.
Elevation Enters Indiana Senior Housing Market
The private equity investment company paid $20 million for a 496-unit affordable senior community in Indianapolis, its largest transaction to date.
CPC Scores $33M Fannie Mae Affordability Package
The New York State Housing Finance Agency also provided $20,000 per unit to fund capital improvements at the three properties.