Affordable Housing
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.
Affordable Project for LGBTQ Seniors to Rise in NYC
Haven Green, a 123-unit community in Little Italy, was approved by the city council after a battle over the fate of the development site, which is currently a one-acre park.
Freddie Mac: Cities Rapidly Losing Affordable Housing
The multifamily financing arm of the government-sponsored enterprise reported a substantial decline in affordable housing units over a seven-year period.
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.