Affordable Housing
Army Base Gets New Life as Affordable Housing Community
Pennrose is redeveloping the underutilized site of Camp Kilmer in Edison Township, N.J., into a low-income rental property with supportive services for military veterans, families and formerly homeless residents.
Caton Flats Affordable Project Breaks Ground in Brooklyn
The 255-unit community developed by BRP Companies will also house a revitalized and expanded Caton Flats Market, a city-owned cultural institution, along with office and community spaces.
Affordable Senior Housing Breaks Ground in Illinois
The 60-unit Residences of Crystal Lake is slated for completion by March 2020.
REACH Community Development Opens Portland Affordable Housing Property
The $24 million project has 101 units catering to both seniors and families with children, as well as 8,900 square feet of retail space.
JV to Bring Solar-Plus-Storage to LMI Communities in NY
The partnership aims to equip more than 2,500 regulated affordable housing buildings across New York City with solar and storage installations.
Fairfield Residential Adds CA Asset to Management Portfolio
The partially affordable community owned by Mill Creek Residential Trust encompasses 284 units and is located in Orange County’s Laguna Niguel.
Wallick Secures $49M for Ohio Properties
Merchants Capital arranged the bridge financing for three assisted living properties totaling 363 units in Columbus and Cincinnati, as demand for affordable senior housing grows more acute.
Freddie Mac Was Targeting Opportunity Zones Before They Existed
The government-sponsored enterprise found that its financing activity in what are now designated as qualified opportunity zones grew more than 75 percent faster than in other areas since 2010.
Rehab Complete on Affordable Sacramento-Area Property
Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.
NJ Affordable Housing Portfolio Lands $60M Loan
RED Mortgage Capital has secured the financing for the acquisition of 18 multifamily properties in Union City through Freddie Mac’s Optigo Small Balance Loan program.