Affordable Housing
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 The project is a redevelopment of an outdated public housing property.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.
Affordable Senior Housing Project Wraps Up in NYC
Foxy Management and Alembic Community Development built the Bronx project, 1880 Boston Road, in conjunction with city organizations. The 168-unit property has a price tag of about $77.8 million.
Investors Capital Group Sells 264 Units in Albuquerque
Completed in 2000, the sale marks only the second time Canon de Arrowhead traded. JLL originated a $15.8 million acquisition loan for the buyer.
LA Development Receives $16M Loan
The six-story community will feature a mix of 51 studios and 14 one-bedroom apartments, with seven units designed as affordable.
CBRE Facilitates $11M Michigan Sale
Peak Capital Partners is the new owner of Arbors of Georgetown, a 160-unit affordable housing property in Landing. Jim Flinn arranged the financing, while Ben Barker assisted the seller.