Affordable Housing
On the Market: 4 Interesting Listings for the Week of 1/21
This week’s listings include a value-add opportunity in a highly populated area of Connecticut, an affordable asset in central Las Vegas, and more.
$500M Fund Targets Bay Area Affordable Housing Shortage
A consortium of leading Bay Area philanthropy, business and community advocates—including the organization co-founded by Facebook’s CEO—is launching one of the largest housing investment funds in the U.S.
Enterprise Community Partners Launches National Health Housing Initiative
The Maryland-based nonprofit plans to invest $250 million across the U.S. over five years as part of its Health Begins with Home program.
Sabal Capital Partners Closes $189M Portfolio
The properties total 880 units in New York City’s East Harlem neighborhood, marking the largest transaction in the history of Freddie Mac’s Small Balance Loan Program.
Seattle Modular Building Gets $13M Refi
CBRE secured the 10-year loan for Cubix North Apartments, a 108-unit affordable community in the northern part of the metro. Parkstone Properties owns the project.
Multifamily Groups Press for Shutdown Solution
NMHC, the Council of Large Public Housing Authorities and other organizations lobby for an end to the crisis, citing the impact on areas like rental assistance programs and affordable housing projects.
LIHC Preserves Affordability for Boston Community
More than 170 units at Concord Houses in the South End neighborhood will stay affordable for at least the next 40 years.
Freddie Mac’s Top Multifamily Lenders of 2018
The mortgage giant names the lenders which transacted the most multifamily financing volume with the government-sponsored company last year.
Bertram Partners Lands $72M Refi for CA Properties
The Freddie Mac loan—which was arranged by HFF—will be used to refinance the debt on three communities in Orange County.
Avanath Strengthens East Coast Presence
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units.