Affordable Housing
CDT, Southport Financial Services Pay $37M for Central CA Portfolio
Located in tight rental markets in Central Valley, the five affordable housing properties will be preserved for residents at 50 to 60 percent of area median rent/income through 2050.
Luxury Mixed-Use Project Breaks Ground in NY
The 60-unit community is located in the heart of New Rochelle, a suburb of New York City that is in the midst of an ambitious revitalization plan.
More Americans Struggle with Rent as Land Prices Skyrocket
A new report by Berkadia finds that the proportion of rent-burdened households rose 9 percent from 1997 to 2017, as the nation’s housing woes spread out from the big cities.
Standard Communities to Renovate 128 Affordable Units in the Bay Area
The company acquired Parkside Villa Apartments and Rockwell Manor Apartments in Fairfield, Calif., and intends to invest $7 million in upgrades at both properties.
Aria Delivers Mixed-Income Units to DC
The Clifton, which has 156 market-rate and affordable units ranging in size from studios to four bedrooms, is located in Washington, D.C.’s 14th Street Corridor.
Increasing Yields by Solarizing Low-Income Communities
OYA Solar Founder & Managing Partner Manish Nayar summarizes the evolution of the solar market and stresses the wide applicability of energy efficiency in multifamily, including atop of affordable assets.
In Case You Missed It: MHN’s Top 5 Posts in May
Miss any of our articles? Catch up with five of our most popular posts for the month.
Making the Case for Affordable Housing Investment
Turner Impact Capital Founder Bobby Turner, an investor who joined forces with A-list celebrities like Eva Longoria for socially impactful projects, shows how deploying capital in affordable workforce housing can yield market-level returns.
Dekel Capital Arranges $41M Loan for MN Community
Central Park West includes a total of 199 units, of which six are affordable, according to Yardi Matrix data. The community is close to downtown Minneapolis.
Historic Buffalo Community Receives Freddie Mac Refi
A Community Preservation Corp. subsidiary closed on a $2.4 million small balance loan for Houk Lofts, a 22-unit property.