Affordable Housing
Top 10 Inland Empire Multifamily Transactions
The Inland Empire market continues to grow its multifamily inventory at a slow burn, further inflating rent rates and property values. One result is rising per-unit prices, which are about $9,000 higher than the national average.
CPC Originates $11M Refi for Brooklyn Assets
The finance company provided the Freddie Mac loans for three multifamily properties in Cypress Hills, Crown Heights and Fort Greene.
Bellwether Secures $43M for MI Affordable Housing
The mortgage banking company provided structured financing for the development of 10 mobile home communities in Michigan.
Freddie Mac Re-Enters LIHTC Market
A new fund co-sponsored by the GSE and Enterprise Community Investment Inc. will target underserved areas with as much as $100 million in capital.
Beacon Communities Completes First Phase of $30M Rehab Project in NY
Martin Luther King Apartments, an affordable housing property in Troy, is undergoing extensive renovations under Housing and Urban Development’s Rental Assistance Demonstration program.
Homeowners Rehab Secures $40M for MA Asset
The 98-unit HRI Concord Highlands will be the largest new construction affordable development to rise in Cambridge, Mass., in 40 years.
Top 10 Largest Affordable Communities Completed in Denver
The metro has come a long way in addressing its affordable housing problem, with more than 2,000 units delivered during the last four quarters.
Affordable Phoenix-Area Community Trades for $16M
Johnathan Smith, Brian Smuckler and Jeff Seaman of CBRE facilitated the sale of the 152-unit property in Peoria, Ariz., to a local investor.
LIHC to Preserve East Harlem Affordable Community
The firm has funded more than $20 million in capital improvements for Lakeview Apartments, which was constructed in 1974 and comprises four buildings.
Affordable Atlanta Community Secures $15M Loan
The Benoit Group’s 180-unit Bethel Towers Apartments will undergo major renovations and share ownership with a local church congregation.