Affordable Housing
Affirmed Housing Breaks Ground on LA Supportive Housing
Aria, a 57-unit development, is one of the first in the city funded through the $1.2 billion HHH bond measure passed in 2016.
Affordable Senior Housing Project Coming to South FL
Pinnacle Housing Group began work on a 120-unit project in Hollywood. Construction of Pinnacle at Peacefield is expected to take roughly two years.
Helge Capital Closes $62M in Financing for MA Portfolio
The 19-building multifamily portfolio consists of workforce housing with a combination of market-rate and affordable apartments in Boston and Lynn, Mass.
264-Unit Partially Affordable Asset Sells in TX
Gresysteel arranged the transaction and also facilitated $14 million in acquisition financing. Pangea Properties originated the loan, which matures in October 2019.
NV Affordable Community Sells for $35M
A New York City-based firm acquired the 332-unit Southwest Village property from PacifiCap Properties. The asset last changed ownership in 2006.
NYC Firm Awarded $70M to Build Modular Housing Community
Thorobird Cos., in a partnership with Bangladeshi American Community Development & Youth Services, will develop a 167-unit affordable property in Brooklyn.
Freddie Mac, NEF Launch New LIHTC Fund
The fund’s first three investments in Houston and Los Angeles total more than $60 million and come several months after Freddie Mac re-entered the LIHTC market.
Affordable Property Opens in Southern WI
Royal Capital Group owns the 94-unit community in Madison. UnitedHealthcare and WHEDA invested a combined $16.4 million in the six-building project.
In Case You Missed It: MHN’s Top 5 Posts in February
Miss any of our articles? Catch up with five of our most popular posts for the month.
JV Opens Brooklyn Affordable Housing
Developed by RAL Development Services and Oliver’s Realty Group, in partnership with Brooklyn Bridge Park, the 15-story building features 140 units.