Affordable Housing
Wilmington Community Changes Hands in $7M Deal
River Commons Apartments received financing from Fannie Mae, while the Delaware State Housing Authority provided an additional subordinate debt loan.
Bronx Affordable Housing Development Opens
The $52 million project is located in the Mount Eden neighborhood and will provide 126 units and supportive services.
LEED Silver Affordable Housing Asset Puts on Rooftop Solar
The power capacity is estimated to reduce the cost of electricity by as much as 50 percent and will pay for itself in nine to 10 years.
Phase 1 of $300M Bronx Development Begins
More than 180 units will be built in the initial phase of the Peninsula, a five-building development on the former site of a juvenile detention facility.
CAPREIT Acquires Delaware Community
Greysteel’s Ari Firoozabadi and Henry Mathies acted on behalf of the seller and procured the buyer for Vinings at Christiana.
Newark Affordable Housing Breaks Ground
The Michaels Organization and its partners began work on Somerset Brownstones, a $19 million development in New Jersey’s Central Ward neighborhood.
Dougherty Arranges Refi for San Antonio Community
The $14.9 million, 12-year Fannie Mae loan will be used to retire existing debt on the property.
Brooklyn Affordable Community Breaks Ground
Trinity Financial Inc. and the New York City Housing Authority are bringing the 180-unit property to the borough’s Brownsville neighborhood.
Podcast: Getting Creative With Affordable Housing Lending
Merchants Capital President Mike Dury discusses mortgage lending activities for the affordable housing market. Tune in to hear his take on what’s ahead.
Dominium Expands Dallas Presence
Canadian Imperial Bank of Commerce originated a $20.7 million loan for the acquisition of a 200-unit property.