Affordable Housing
OpenPath Investments Acquires 250-Unit Dallas Community
The new owner intends to invest in improvements at the 2000-built Greens of Hickory Trail. Income restrictions at the 250-unit community will phase out by 2021.
The Annex Group Begins Work on Affordable Development in Indiana
Together with T&H Investment Properties, the company broke ground on Union at Washington, a 51-unit community reserved for low-income residents in Kokomo.
NRP Group Breaks Ground on Cleveland Affordable Housing Project
Residences at Cornerstone will bring 76 units to the Euclid-Green neighborhood. The development is part of a mixed-age community that includes Cornerstone Senior Apartments.
In Case You Missed It: MHN’s Top 5 Posts in June
Miss any of our articles? Catch up with five of our most popular posts for the month.
Atlanta Affordable Project Breaks Ground
Atlanta Neighborhood Development Partnership and Laurel Street Residential began construction on Creekside at Adamsville Place, which is part of the city’s recently launched housing affordability action plan.
Affordable Boston-Area Community Receives $82M Loan
MassHousing provided the financing to the Cambridge Housing Authority, which plans to renovate Millers River Apartments in Cambridge.
CBRE Arranges Sale, Financing of Affordable Virginia Asset
Governor’s Pointe in Chesapeake traded for $7.3 million. Jeff Kunitz and Peyton Cox acted on behalf of the seller, while Jim Flinn arranged a Fannie Mae loan for the buyer.
Leasing in a Saturated Market
At the National Apartment Association’s Apartmentalize conference in Denver, industry expert Lisa Trosien explored the best differentiators in a highly competitive rental market.
Bronx Mixed-Use Development Receives $140M Financing
S3 Capital Partners has supplied construction capital for two 25-story towers that will offer a combination of apartments, hotel rooms and retail space in South Bronx’s Mott Haven enclave.
MA Affordable Project Breaks Ground
The five-story building developed by the nonprofit NeighborWorks Southern Mass will offer 48 units on the site of a former department store in downtown Brockton.