Affordable Housing
Exact Capital Rehabs 19 Buildings in the Bronx
The firm has teamed up with Bronx Shepherd Restoration Corp. to renovate and preserve 333 affordable apartments and four retail spaces across the New York City borough.
Manhattan Affordable Project Lands $223M in Financing
L+M Development Partners, Jonathan Rose Cos. and Acacia Network are developing Sendero Verde, a 100 percent affordable Passive House community in East Harlem.
Boston-Area Community Scores $49M in Affordable Financing
Developer WinnCompanies acquired the 284-unit property, a converted industrial leather tanning complex in Peabody. The deal ensures the apartments will remain accessible to low-income families.
Landlords File Lawsuit Challenging New Rent Laws
As expected, a group of landlords and two trade groups filed a federal lawsuit alleging that the new rent laws in New York violate the Constitution.
Real Estate Gives Back: A Champion for Affordable Housing
Heidi Burkhart makes housing preservation and improvement a top priority for her multifamily investment brokerage company.
Boston-Area Affordable Development Lands $23M Loan
The financing includes funds from MassHousing’s $100 million Workforce Housing Initiative. Just-A-Start intends to create 23 new apartments and preserve 65 units for low-income residents in Cambridge.
The Habitat Co. Takes Charge of Chicago Affordable Housing Portfolio
The firm now manages an additional 18 affordable communities owned by the Chicago Housing Authority. The properties are located across the Windy City’s West and South sides.
Affordable Housing: Is Austin Becoming the Next Palo Alto?
Affordable Central Texas’ David Steinwedell and Carleton Residential Properties’ Printice Gary share their views on Austin’s looming affordability crisis in the workforce housing sector.
Bay Area Senior Housing Community Breaks Ground
Developed by Eden Housing, Alameda Point Senior Apartments is part of the $1 billion project at the former Navy base on San Francisco Bay in Alameda, Calif.
Bridge Housing, John Stewart Co. Break Ground on San Francisco Affordable Housing
Through a public-private partnership, the companies began construction on two projects for low-income residents, which will be located on the sites of former parking lots.