Affordable Housing
Affordable Massachusetts Property Lands $23M Loan
MassHousing closed on the financing, which will allow Maloney Properties to undertake substantial renovations at the 50-year-old community and extend its affordability.
Upzoning: Building More to Rent for Less
A few U.S. cities are overhauling zoning rules to increase density and expand the supply of affordable housing. It might take years, however, to find out if significant improvements were made.
Brooklyn gets 58 New Units of Affordable Senior Housing
The 13-story building in the Lefferts Gardens neighborhood has senior-friendly design elements and on-site social services.
New Jersey TOD Scores Financing
A JLL Capital Markets team arranged the $19.9 million construction loan for 34 Bank in Netcong, N.J.
Charlotte Community Commands $82M
Lindemann Multifamily Management acquired the 323-unit asset from CampusWorks Development, Kaplan Residential and an affiliate of The Carlyle Group.
Covenant House Starts Work on New Facility for NYC Youth
The purpose-built, 80,000-square-foot property in Manhattan will serve at-risk young people.
Aeon Opens Twin Cities Affordable Community
Situated in Minneapolis’ growing Towerside district, The Louis directly responds to the neighborhood’s lack of affordable housing.
Afton Properties Buys Los Angeles-Area Property for $132M
Berkadia secured $108.7 million in Freddie Mac financing for the acquisition in Lancaster, Calif.
Airbnb Pledges $25M to Affordable Housing Efforts
The short-term home lodging website will invest in projects supporting, building and preserving affordable housing in California.
5 Things You Should Know About California’s New Rent Control Law
Top takeaways from the far-reaching legislation enacted by the nation’s largest state.