Affordable Housing
Top 10 Largest Multifamily Conversions in the Pacific Northwest
The area recorded a high number of adaptive reuse projects that transformed hotels into affordable multifamily communities, breathing new life into historic buildings. Some of the structures served military purposes during World War II.
Aeon Acquires MN Affordable Community
The purchase of the 118 apartment homes in Little Canada was a joint venture which also included the NOAH Impact Fund of Greater Minnesota Housing Fund.
Affordable Dallas Property Lands Refi
The 240-unit community, constructed between 1968 and 1976, includes 202 income-restricted apartments. The owner purchased the property in late 2016.
Changing the Perception of Affordable Housing
Affordable housing goes beyond the concept of Section 8 housing and government assistance. Industry experts at the National Apartment Association’s Apartmentalize conference shared the benefits that this asset class can bring to a neighborhood.
$39M Affordable Housing Breaks Ground in LA
Meta Housing Corp. has started construction on Whittier & Downey. The transit-oriented community will feature 35 units.
NHP Foundation Lands $9M Loan for Affordable MD Purchase
National Affordable Housing Trust, in a partnership with Low Income Investment Fund and Morgan Stanley, provided acquisition financing for the 120-unit property.
AHC Starts Work on $100M VA Affordable Project
An outdated property in Arlington will be transformed into a 256-unit community. The redevelopment is expected to be completed in 2020.
$21M NY Affordable Housing Redevelopment Opens
Chappaqua Crossing Apartments in Westchester County, the former site of the Reader’s Digest headquarters, features 64 mixed-income units and access to a playground, a clubroom and walking trails.
MRK Partners Takes LA Pair for $109M
Located in Claremont and Santa Fe Springs, Calif., the 38-year-old communities total almost 300 units. CBRE’s Affordable Housing team secured Freddie Mac financing and represented the seller.
KeyBank Provides Financing for 2 Affordable Senior Housing Assets
Alliant Capital and New York State HFA provided additional financing, supported by existing project-based HUD Section 8 vouchers, for the renovation of the properties.