Affordable Housing
Inland Empire Senior Community Lands $40M in Financing
The new owner took a series of mortgages, revenue bonds and tax credit equity to acquire and fund capital improvements at the property.
Avanath Buys 288-Unit Orlando Community
The property, subject to a Land Use Restrictive Agreement, is the first acquisition for the company’s fourth affordable housing fund.
Related, Hudson Cos. Top Out Affordable Housing Project
The 340-unit building is the first newly built, permanently affordable housing to be developed on New York City’s Roosevelt Island.
JV Breaks Ground on Brooklyn Mixed-Use Project
Developed by START Treatment & Recovery Centers, Delshah Capital and OTL Enterprises, the 20-story will offer 180 housing units, as well as office, retail and community space.
NYC Affordable Portfolio Lands $192M in Financing
A joint venture secured the fixed-rate financing to acquire and renovate 1,321 affordable housing units in Brooklyn.
POAH Acquires Columbus-Area Multifamily Portfolio
The deal included Waggoner Grove, a partially affordable Class B suburban community with 175 units, and 50 condominiums in the area.
HTG Opens 1st Phase of Tampa Bay Affordable Development
Twin Lakes Estates is a 100-unit community for seniors age 62 and over. The project is a redevelopment of an outdated public housing property.
Podcast: What’s Hindering Affordable Housing Construction
NAA Director of Industry, Research and Analysis Paula Munger discusses the factors that influence today’s affordable housing market. Is it mainly increasing construction costs? Or do land scarcity and NIMBY-ism play key roles, too?
Developers Close on $38M in Financing for DC Project
Located next to an historic theater in Washington, D.C.’s Deanwood neighborhood, The Strand Residences will deliver 86 affordable units by January 2021.
Origin Investments Breaks Ground on $69M Colorado Apartments
Built in a joint venture with Massimino Development, the 280-unit community will also include affordable housing for residents making 60 percent or less of the area’s median income.