Affordable Housing
The Making of Affordable Charlotte
Ally Financial, Bank of America and Barings, three of Charlotte’s largest financial corporations, are the latest organizations to join efforts to create more affordable housing in the booming metro.
New Affordable Housing Slated for Midtown Manhattan
New York City has tapped several development firms to build 260 affordable apartments on two city-owned sites in the Clinton/Hell’s Kitchen neighborhood.
Affordable VA Community Commands $10M
Community Preservation Partners intends to renovate Royal Arms, a 144-unit property in Front Royal. The deal marks the rehabilitation company’s second affordable housing purchase in the state.
MA Senior Housing Asset Extends Affordability With $45M Refi
Non-profit B’nai B’rith Housing intends to execute a capital improvement program on 200 units at Covenant House in Brighton and ensure rental affordability for the next three decades.
Affordable Boston Community Receives $39M Loan
The 146-unit West Newton Apartments in South End is set to undergo extensive renovations. MassHousing provided the financing to non-profit Inquilinos Boricuas En Accion.
Atlanta Age-Restricted Community Commands $10M
CBRE provided nearly $8 million in Fannie Mae acquisition financing to The Hallmark Cos., the buyer of the 120-unit asset.
Strand Co. Sells Atlanta Apartments for $31M
PGIM Real Estate Finance originated a Fannie Mae acquisition mortgage of almost $22 million for the buyer of the partially affordable 294-unit community.
Mixed-Income Chicago Development Breaks Ground
The 164-unit project is a collaboration between public and private entities. The property is located 4.5 miles south of downtown.
The Answer to the Bay Area’s Affordable Housing Crisis
Enterprise Community Partners’ Rich Gross and Kaiser Permanente’s Bechara Choucair talk about their joint projects. The two companies launched a $100 million loan fund to create and preserve multifamily rentals.
Mixed-Income Development Lands $61M Financing
Mission Trail at El Camino Real in San Marcos is scheduled to break ground in the next few months, with preleasing anticipated to begin this fall.