Affordable Housing
Making Affordable Housing Make Sense
Securing financing in order to increase—as well as maintain—the supply of rent-sensitive units is challenging. Developers and lenders are launching new initiatives and revisiting existing ones to tackle a problem demanding many solutions.
Fully Affordable Portfolio Trades in OH
Independent Management Services purchased Shelton Gardens and Reids Valley View Manor for $4.8 million. The two assets have 254 units combined.
1st Phase of Affordable NJ Project Opens
The Jersey City Housing Authority and The Michael’s Org. unveiled the first 21 units of Mill Creek Gardens. When complete, the property will encompass 126 apartments.
POAH’s Aaron Gornstein on Affordable Housing
The president & CEO of the national nonprofit sheds light on affordable housing finance, policy and his organization’s own plans for the years ahead.
Nonprofit Awarded Grant to Build Low-Income Housing in MS
The $750,000 Affordable Housing Program grant from The First, A National Banking Association and the Federal Home Loan Bank of Dallas will be used to develop a 124-unit community.
Vacant NY Building to Become Affordable Housing Property
The nine-apartment project is part of PUSH Buffalo’s revitalization plan to spur development across a 30-block area on the city’s West Side.
When Affordable Housing Clicks with Technology
Massachusetts Housing Partnership’s Susan Connelly, MPZ Development’s Mathieu Zahler and coUrbanize’s Karin Brandt discuss the ways online outreach tools can spur civic engagement and address community issues.
Partially Affordable Community Changes Hands in Chicago
Renaissance North is in the city’s Old Town neighborhood and sold for $15.5 million. The building includes 59 units, with 18 set aside for low-income residents.
Magma Equities Debuts Seattle-Area Community
The firm has completed a 52-unit condo community designed for entry-level buyers. The project is Seattle’s first condo conversion in more than a decade.
JV Acquires Denver Portfolio for $177M
Oak Coast Properties and BMC Investments will rebrand the properties as a single community serving workforce renters. HFF arranged a $120 million Freddie Mac acquisition loan for the three assets.