Affordable Housing
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.
In Case You Missed It: MHN’s Top 5 Posts in November
Miss any of our articles? Catch up with five of our most popular posts for the month.
NMHC’s Doug Bibby: Regulations Compound Development Costs
In the second installment of a quarterly podcast series, the association leader explains how policies at all levels of government are exacerbating an already severe housing affordability issue.
DC-Area LIHTC Portfolio Changes Hands for $31M
Greysteel facilitated the sale of 286 units spread across three affordable properties, which are restricted to residents age 62 and over.