Affordable Housing
CPP Buys 2 Salt Lake City-Area Affordable Properties
The assets, totaling 98 units, traded for $14.3 million. The firm succeeded in fully integrating the communities into the Section 8 housing program.
Philadelphia’s 10 Largest Communities Under Development
From Center City to the suburbs, developers find rising demand for live-work-play environments. Luxury high-rises, student housing and creative redevelopments lead the list.
CBRE Brokers Sale, Financing of 171-Unit Affordable Asset
The Seattle-area community traded for $18.9 million. Tim Flint worked on behalf of the seller in the transaction, while Jim Flinn secured acquisition financing.
Revitalizing Kansas City’s Columbus Park
Known as the metro’s “Little Italy,” the neighborhood is one of several areas near downtown to welcome innovative redevelopment initiatives.
WinnDevelopment Opens $29M NY Senior Housing
The Landmark at Sibley Square in Rochester includes 72 affordable units and is part of the larger Sibley Square mixed-use redevelopment.
An Insider’s View of Brooklyn’s Affordable Housing Crisis
Nelson Management Group’s Robert Nelson discusses the impact of the Vital Brooklyn initiative, which is meant to alleviate the borough’s affordable housing shortage, and the company’s projects in the sector.
Baltimore Affordable Senior Property Lands $33M HUD Loan
National Preservation Housing Partners purchased Zion Towers, a 211-unit community, for $39 million. HUD insured a $32.8 million loan for the acquisition and renovation of the property.
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.