Affordable Housing
TD Bank Provides Financing for South Florida Senior Housing
The $9 million construction loan, part of the bank’s The Ready Commitment program, will help modernize and improve the 100-unit Palms of Deerfield Apartments.
Starwood Buys 21 Affordable Housing Communities
The 4,448-unit portfolio is spread across Dallas-Fort Worth, Houston and Florida and is 96 percent occupied.
Canada Launches New Affordable Housing Model
The federal government has invested $15 million in the innovative partnership that will back new projects in British Columbia and Alberta.
Oden Hughes Breaks Ground in Austin Opportunity Zone
The 279-unit multifamily development will include 28 units restricted to households earning less than 80 percent of the median family income.
DMA Development Co. Announces New Mixed-Income Asset in Austin
Talavera Lofts will encompass 92 units, 90 of which will lease for rental rates affordable to households with incomes ranging below 30 to 60 percent of AMI.
GEM Realty Pays $72M for Asheville Community
The recently completed property is located in historic Biltmore Village and includes nearly two dozen affordable units.
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.