Affordable Housing
Phoenix Realty Acquires $28M Tampa Asset
Tuscany Villas Apartments in Brandon, Fla., will be rebranded as Alvista Sterling Palms. The company has plans to make significant exterior and interior upgrades to the property.
Affordable Boston Communities Land $11M Loan
East Boston Community Development Corp. plans to extend the affordability of 111 units in the eastern part of the metro. MassHousing arranged the transaction.
Boston Affordable Senior Portfolio Lands $136M Refi
Symphony Plaza was constructed in 1980 and comprises two neighboring buildings. Masshousing closed the refinancing, allowing for significant on-site improvements and extending affordability for at least 30 years.
WinnCompanies Secures $16M for MA Affordable Housing
MassHousing is providing financing for the rehabilitation and long-term preservation of the historic 180-unit Wellington Community in Worcester.
Affordable Housing Coming to St. Paul
Dominium is building Legends of Woodbury, a 216-unit senior housing development in Woodbury, Minn. The community will include a pub and card room, a theater, an arts and crafts studio and a beauty salon.
Gaudenzia Completes Philly Affordable Housing Project
Designed by Cecil Baker + Partners for families battling addictions, the 24-unit community is now open for residents that are transitioning from treatment to independent living.
CAPREIT Assumes Management of Affordable Housing in Upstate NY
Rochester Highlands is a 504-unit affordable apartment community in Rochester, N.Y., across from the recently developed mixed-use property CityGate.
BRIDGE Adds 200 Units to CA Affordable Housing
The nonprofit opened the second phase of Ivy at College Park, a $41.6 million project that includes a total of 335 units in San Bernardino County.
Insight Breaks Ground on 2 DC Communities
The R.L. Christian Apartments has been in the works since 2013. Lockwood Apartments will be located within walking distance of Pennsylvania Avenue and two Metro stations.
Hunt Mortgage Provides Refi for LA-Area Community
The company worked on behalf of The Highlander Group to secure a $5.2 million Freddie Mac loan for Candlewood Apartments, a 43-unit affordable property in Whittier.