Affordable Housing
Affordable Housing Project for Veterans Breaks Ground in DC
TD Bank has facilitated a $9.5 million construction loan for an adaptive reuse project built on part of a former military building at the Walter Reed Army Base.
HTG Secures Financing for Affordable FL Community
Located at 932 Freedom Way in Brooksville, Fla., the project will include four garden-style, mid-rise buildings featuring 32 one-, 28 two-, and 34 three-bedroom apartments.
Sidestepping the Pitfalls of Brownfield Development
Dan Drazen, project manager at Trinity Financial, details the upsides and challenges in brownfield multifamily projects and discusses the firm’s next major adaptive reuse project.
On the Market: 5 Interesting Listings for the Week of 5/21
This week’s listings include 1950s-era townhomes, a fully affordable community and a 150-unit property in New Mexico’s second-largest city.
Bronx Low-Income Housing for LGBT Seniors Underway
BFC Partners, HELP USA and SAGE announced the groundbreaking of the $41.4 million Crotona Senior Residences, which will include 84 units.
Manufactured Property Receives $16M Refi in Kansas City
Lakeview Terrace, a recently renovated community comprising affordable mobile homes, has received $16 million in refinancing through Freddie Mac.
Dominium Completes Upgrades at Cincinnati Community
The developer, which is also the previous owner of the property, partnered with National Housing Trust to remodel all 137 units as well as the common areas.
WNC Completes Reno, Expansion of Louisiana Community
The company rehabilitated all the units of an affordable property in Arcadia and built 25 additional apartments. Construction work took roughly nine months to complete.
IN Affordable Assisted Living Facility Lands $17M Financing
Walker & Dunlop provided the 40-year construction loan through HUD’s Low-Income Tax Credit for Oasis at 56th that will feature 51 studios and 73 one-bedroom apartments.
JV Debuts DC Affordable Housing
Developed by Somerset Development Co., New Community Partners and Jonathan Rose Cos., Portner Flats features 96 units and a playground, a fitness center and a community garden.