Affordable Housing
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.
MA Modular Development Moves Forward
More than 100 “boxes” that will create residential units in Newton, Mass., are being installed as the mixed-use project prepares for a summer opening.
The Habitat Co. Grows IL Affordable Management Portfolio
The Drexel Properties, a 155-unit community in Chicago’s Kenwood neighborhood, brings the company’s affordable housing assignments to more than 10,000 units.
GSEs Sticking to Their Mission in Flat 2019
Fannie Mae and Freddie Mac are the leading source of multifamily mortgage originations. How do they foresee the market for 2019 and 2020?
Boston’s Affordable Housing Market: An Insider’s View
Community Preservation Partners’ John Fraser weighs in on trends in Boston and the East Coast, as well as creative strategies for financing affordable development.