Affordable Housing
Upgrades Ahead for 16 Manhattan Public Housing Properties
A six-way joint venture will renovate the communities, which are owned by the New York City Housing Authority and home to some 2,900 residents.
Affordable South Boston Community Receives $33M Loan
MassHousing closed on the financing, as Madison Park Development Corp. aims to extend Haynes House’s affordability and begin significant renovations at the 131-unit property.
California’s Apartment Industry Eyes Wildfire Recovery Plan
As wildfire season approaches, state legislators are considering a comprehensive package, including a fund that would help keep utilities financially stable after major fires.
$72M Affordable Project Launched in Brooklyn
The Institute for Community Living is building the 128-unit community, which will include 78 apartments reserved for the formerly homeless.
NYC Moves Forward on $82M Affordable Project
Developed by Bronx Pro Group and backed by city, state and federal funding, the 12-story community will offer 154 units and supportive services for income-challenged seniors.
HTG Completes 4th Community in Miami-Dade County
The affordable housing developer finished work on Princeton Park, a 150-unit income-restricted property. The Florida Housing Finance Corp. provided part of the financing for the $36 million project.
Denver Opportunity Zone Attracts Cresset-Diversified Fund, Hines
Starting in early 2020, the partners will build North Wynkoop, a 10-story, 392-unit luxury community in Denver’s RiNo neighborhood.
Google to Invest $1B in Bay Area Housing
The company is the latest tech giant to pledge big bucks toward the housing crisis. The firm wants to build 20,000 units, a quarter of which would be affordable.
Brooklyn Project Lands $38M Loan
BNS Real Estate and Wonder Works Construction Corp. will build an 11-story, 80-unit community in the Greenpoint neighborhood of the New York City borough.
$43M Earmarked for Florida Housing Project
Blue Sky Communities will use the financing provided by TD Bank to develop The Preserve at Sabal Park, a Tampa Bay-area community designated for working-class families.