Affordable Housing
Work Starts on 103-Unit NJ Affordable Project
Volunteers of America Delaware Valley is building the community, Centerton Village, in the township of Mount Laurel. Funded in part by NJHMFA, the project is slated for completion in May 2020.
Hunt Arranges Refi for 940-Unit Houston Affordable Property
The $28.3 million Freddie Mac financing will be used to upgrade interiors of vacant units and add a leasing office and fitness center to The Heights at Post Oak.
A Green Affordable Housing Lesson From the Bronx
Omni New York Co-Founder Eugene Schneur tells the story behind North America’s largest Passive House development and shares his views on New York City’s affordable housing market and clean energy ambitions.
Frankforter Group Pays $40M for Metro Atlanta Portfolio
The two fully affordable communities, built in the 1970s and totaling 623 units, are close to Hartsfield-Jackson Atlanta International Airport via Interstate 285.
NYC Community Lands $42M Fannie Mae Loan
KeyBank’s Community Development Lending and Investment team has closed a second round of financing for the renovation of Twin Parks West, a 311-unit, 10-story affordable apartment property in the Bronx.
Affordable KTGY-Designed Property Opens in the Bay Area
Pauline Weaver Senior Apartments includes 90 units. Eden Housing is the developer of the age-restricted community in the Warm Springs area of Fremont, Calif.
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.