Affordable Housing
Fannie Mae: One-Third of Americans Can’t Find Affordable Housing Near Work
In a poll conducted by research firm Penn Schoen Berland for the government-sponsored enterprise, most Americans reported that they struggled to find affordable housing options in areas they desired.
Brooklyn Mixed-Use Tower Breaks Ground
A joint venture between Greenland Forest City Partners and The Brodsky Organization is developing 18 Sixth Avenue, an 859-unit mixed-income property within the Pacific Park community. Construction is slated to be complete in 2022.
NYC Chalks Up $15M Affordable Housing Preservation Deal
Stakeholders from the government, non-profit and private sectors worked together to buy three apartment buildings in Queens, which will be kept rent-stabilized under the Neighborhood Pillars Program.
In Search of Affordability Solutions
As the challenges intensify, our industry needs to spotlight what’s working and provide alternatives to what’s not, NMHC’s president contends.
Building Community Among Mixed-Income Residents
Forging bonds among residents from diverse economic backgrounds demands creativity, patience and financial investment. It can also pay off in unexpected ways.
Greystar, Banyan Street Advance on $125M Atlanta Project
The partners have closed on construction financing and scored air rights for Ascent Peachtree, a downtown 345-unit multifamily development that is slated to break ground next month.
Fairfield Residential Buys NC Community for $27M
Capital One originated nearly $22 million in Fannie Mae financing for the acquisition of the 266-unit, mixed-income Durham community.
$27M Financing Earmarked for Brooklyn Development
Madison Realty Capital provided the loan for a new 68-unit mixed-use residential building and the rehab of a two-story community next door.
Montreal Innovates in Student Housing
The affordable community uses a pioneering funding model to deliver 144 beds to undergraduates at Concordia University, with backing from the federal and city governments.
$600M Mixed-Use Project Underway in Miami
Adler Group and 13th Floor Investments have joined forces to transform the Douglas Road Metrorail station into a massive transit-oriented development encompassing 1,500 residential units, along with significant office and retail components.