Affordable Housing
Affirmed Begins Work on San Diego Veterans Community
The project will transform a motel into an 84-unit community to be known as Zephyr. Funding is coming from several government sources, including the California Department of Housing and Community Development.
NCC Acquires Newark Section 8 Housing for $160M
NCC and Greystone Affordable Development have facilitated the acquisition of four New Jersey properties totaling 842 units. The deal includes funding for the rehabilitation and the long-term preservation of the properties as subsidized rental housing.
Dominium Completes Renovations on MN Affordable Asset
The company invested $9 million on interior, exterior and common-area upgrades to the 176-unit Park Haven.
BPDA Approves 660-Unit Brighton Development
The approximately 600,000-square-foot project, developed by Cabot, Cabot & Forbes, will include 98 affordable units and 510 parking spaces.
Former Maine Church Becomes Senior Housing Community
The construction of St. Ignatius, a 66-unit senior housing community in Sanford is now complete. WNC provided $8.6 million in LIHTC equity to help fund the project.
Dougherty Closes Fannie Mae Loan for 196-Unit TN Property
The national mortgage banking firm facilitated an $8.4 million loan for the refinancing of The Hills at Oakwood Apartment Homes in Chattanooga. S&S Property Management owns and manages the community.
JV Closes Refi of Affordable NJ Property
The Diocesan Housing Services Corp., MDG Design + Construction and Hudson Valley Property Group will help maintain the affordability of 205 units in Cape May for the next two decades.
Solutions to Ease the Affordable Housing Crisis
The affordable housing crisis affects nearly every community in the country. Jonathan Wolf of Wendover Housing Partners offers some solutions to speed up the building process and help meet the demand for more options.
Hunt Secures Fannie Mae Loans for 2 FL Communities
The two affordable properties comprise a total of 85 units. The loans closed by Hunt Mortgage Group add up to $4.1 million.
Fourmidable Secures Management Deals for Ohio Communities
The company will run several Section 8, tax credit and public housing communities throughout the state. The properties total 395 units.