Affordable Housing
Keybank Finances NJ Affordable Housing Projects
Omni New York secured a first-of-its-kind loan to acquire and rehabilitate Garden Spires and Spruce Spires apartments in Newark.
Tackling Homelessness in Denver
In an exclusive video interview, Vitus Development Director Scott Langan discusses the firm’s first Colorado acquisition: a low-income and homeless housing property that the affordable housing developer will renovate.
FCP Sells Affordable Communities in DC Area for $56M
The properties are part of the larger St. Charles portfolio that the company purchased in 2009 and is selling in stages.
Greystar, Ivanhoé Cambridge Open CA Mixed-Use Community
Avila, located in Old Pasadena, includes 201 units, 30 of which are designated as affordable. The property offers residents access to a dog park and a heated pool and spa.
Marcus & Millichap Closes Chicago Multifamily Deal
The value-add affordable property located in the South Austin neighborhood includes ground-floor retail and is close to Interstate 290 and Loretto Hospital.
KeyBank Originates $31M for Affordable Seattle Properties
Both properties are located in the Atlantic neighborhood of Seattle and will provide a total of 126 affordable housing units.
Community Builders Secures $10M for Affordable Boston Development
TD Bank arranged the financing for The Clarion, and its Community Capital Group has also invested $9.2 million of equity in the project. Construction is scheduled for completion by 2019.
Inside the Deal: Lloyd Jones Capital’s Expanding Workforce Housing Portfolio
The private equity firm expanded its Southeast portfolio with this Tallahassee property, with plans to make upgrades but keep it affordable to meet demand in this progressively growing metro.
Greystone Stays Bullish on Affordable Housing
In an exclusive video interview, CEO Stephen Rosenberg outlines the firm’s expansion strategy, including plans to increase investment in communities with on-site health-care services.
Greystone Provides $34M Fannie Mae Loan
A New Jersey company acquired the 143-unit community. Park Square West offers 29 affordable units for renters earning 50 percent of the area median income.