Affordable Housing
Lincoln Avenue Expands Orlando Footprint
The firm paid more than $6 million for the 121-unit fully affordable multifamily asset, with SunTrust Bank providing acquisition financing.
NJHMFA Breaks Ground on Philadelphia-Area Affordable Community
Freedom Village at Gibbsboro will include 72 affordable rental units, with 18 units set aside for residents with special needs.
Affordable Housing: What’s Ahead in 2019
Bridge Capital Markets Group Managing Director Inna Khidekel on why the affordable housing crisis got worse in 2018 and where the market is headed.
Housing Stock Lags Demand
Freddie Mac has released a report revealing that the short supply of new single-family homes could impact the multifamily market in years to come.
Affordable DC Asset Receives $39M in Financing
The NHP Foundation secured the loans, which will preserve Takoma Place, a 104-unit property in suburban Maryland.
MassHousing Provides $24M Loan for Boston-Area Asset
The agency closed on the tax-exempt financing for a recently built 108-unit mixed-income community in Chelmsford. The transaction involved the use of recycled private activity volume cap.
Affordable TN Properties Receive $59M in Loans
The Millenia Cos. landed construction-to-permanent financing” for the rehabilitation of two Memphis properties adding up to 400 units.
Presidium Launches Major Mixed-Use District in Austin
The garden-style community is the first of Pecan District’s 10 phases. The 45-acre development is anticipated to be fully complete in 2028.
Hunt Provides $120M Loan for Bronx Affordable Housing
More than 1,000 units of public housing in the neighborhood of Mott Haven will get needed repairs through the federal Rental Assistance Demonstration program, but remain affordable to residents.
80 Percent Affordable Community Replaces DC Hospital
Flaherty & Collins Properties and Anacostia Economic Development Corp. are developing Residences at St. Elizabeths East, which contains 202 affordable apartments.