Affordable Housing
Manhattan Community Lands $136M Green Loan
Freddie Mac extended the 10-year loan to Rachel Bridge owner Clipper Equity, in a deal arranged by Walker & Dunlop. The financing will facilitate property renovations to cut down on energy and water usage.
2 NYC Projects Land $181M in Financing
Merchants Capital secured financing for two affordable housing developments in the East Harlem and Flatbush neighborhoods that together total 659 units.
Walker & Dunlop Arranges $16M Loan for Affordable CA Asset
Bridge Housing is building a 68-unit property in San Mateo, dubbed Bay Meadows Apartments, that is scheduled for completion in June 2020.
Avanath, OAG Target Opportunity Zones with New Fund
The joint venture has launched a Qualified Opportunity Zone Fund with a target raise of $300 million for those interested in affordable and workforce housing investments.
CA Affordable Housing Portfolio Changes Hands
CBRE arranged the sale of the five properties in Central California, totaling 484 units. Each community is more than 95 percent occupied.
In Case You Missed It: MHN’s Top 5 Posts in March
Miss any of our articles? Catch up with five of our most popular posts for the month.
Affordable LA Community Opens 1st Phase
Affirmed Housing Group and PATH Ventures have finished work on a 65-unit development dedicated to formerly homeless individuals. The building is part of a 187-unit project.
Nonprofit Breaks Ground on Affordable LA Project
Clifford Beers Housing’s Vistas del Puerto Apartments in Long Beach encompasses 47 apartments for formerly homeless individuals and families as well as residents with chronic health conditions.
Salt Lake City Loft Project Breaks Ground
The 195-unit property will include an automated parking structure and will be the first project in Utah to take advantage of the federal Opportunity Zone program.
Falcon Pacific Builders Tops Out Queens Project
Developed by the Saab Family LP, the 50-unit mixed-use building in the Astoria neighborhood is on track to be completed by November.