Affordable Housing
Affordable CA Asset Trades for $30M
Marcus & Millichap facilitated the sale of Grandon Village, a 161-unit community in San Marcos. The age-restricted property was fully occupied upon closing.
WNC Closes $150M LIHTC Fund
WNC Institutional Tax Credit Fund 45 LP will be used to develop and renovate 26 affordable housing communities in 12 states.
Vitus Enters CO Market
In a collaboration with the Colorado Coalition of the Homeless, the affordable housing developer acquired Renaissance 88, a 180-unit property that the company plans to renovate.
Top 10 Multifamily Completions in Orange County
After hitting a cycle peak this year with more than 5,400 units coming online, supply in the area’s multifamily sector is expected to temper. Rental stock should gain some 2,400 units by year-end.
Affordable Housing: A Safe Investment in Unpredictable Times
Avanath Capital Management’s John Williams and Jun Sakumoto explain why affordable housing properties should be seen as opportunities to produce consistent returns. The two executives also revealed their expectations regarding the sector going forward.
Hunt Real Estate Provides Financing for CO Affordable Project
The firm facilitated a $34.4 million loan for the construction of The Village of Wintergreen, a planned 156-unit property in Keystone, in the Rocky Mountain region.
KeyBank Secures Construction Loan for Affordable Housing in Austin
The community will include 302 units and will be developed by a public-private partnership between The NRP Group and Strategic Housing Finance Corp. of Austin County.
Greystone Provides Freddie Mac Loan for Affordable KC Asset
Keith Hires, managing director in Greystone’s Atlanta office, obtained the acquisition loan for Alcazar Apartments, a 142-unit community in the southern part of the city.
Nonprofit Breaks Ground on MN Affordable Housing
Developed by Aeon, The Louis will add 70 units near the Prospect Park neighborhood. A quarter of the apartments will serve residents earning 30 percent of the area’s median income.
Mixed-Income Development Receives City Council Approval in Detroit
Bedrock Detroit and Woodborn Partners will develop a 900-unit residential neighborhood on the former Frederick Douglass public housing site, one of the largest vacant properties in the city.