Affordable Housing
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.
Partially Affordable Community Trades in Phoenix
The property was completed in 2001 under Section 42 LIHTC provisions. The community is near the Interstate 10 employment corridor and approximately 36 miles from downtown Phoenix.
Reliant Group Pays $116M for Bay Area Portfolio
The deal includes more than 600 workforce housing units spread across seven properties. The new owner plans to convert four of the assets into affordable housing communities.
$124M Salt Lake City Project Starts Construction
A joint venture between The Domain Cos. and Giv Development broke ground on The Exchange, a mixed-use development with 412 residential units and more than 14,000 square feet of retail space.
Friedkin Realty Group Buys 2 Long Island Communities for $151M
The purchase of The Allure and Hudson House in Mineola marks the highest price per unit achieved in Nassau County.
San Diego Affordable Community Lands $4M HUD Loan
Love Funding has arranged a permanent financing solution for the property, which received a construction loan with a LIHTC component in 2007.
Podcast: ULI’s Christopher Ptomey on Affordable Housing
The new head of the Terwilliger Center for Housing discusses the organization’s efforts to lower the barriers to building multifamily units for low- and moderate-income families.
83-Unit Affordable Housing Project Opens in San Francisco
After a decade in the making, 1036 Mission Street welcomed its first residents. Tenderloin Neighborhood Development Corp. is the building’s owner, developer, service provider and property manager.
New Affordable Senior Housing Coming to Bronx, Brooklyn
The New York City Department of Housing Preservation and Development and the New York City Housing Authority has selected teams to develop the communities, dubbed Casa Celina and Linden Court.
Boston Affordable Housing Project to Add 135 Units
The Architectural Team Inc. designed the third phase of one of the oldest federal public housing properties in the U.S., The Anne M. Lynch Homes at Old Colony.