Affordable Housing
2 Affordable Communities Debut in Irvine
FivePoint Holdings, Related California and its partners recently debuted Luminaira and Espaira, two communities totaling 166 units for low-income families.
WinnCompanies Completes MA Adaptive Reuse
Residences at Mill 10 includes 75 units of mixed-income housing in a 110-year-old former mill building in the western Massachusetts community of Ludlow.
Freddie Mac Survey Reveals Demand Drivers for Rental Housing
A growing number of renters see renting as an option that fits their lifestyle, and a savvy choice at many life stages.
Capital One Closes Freddie Mac Loan for SoCal Property
The $9.5 million loan will be used to refinance Midway Meadows, a 92-unit apartment community in Orange County’s Midway City.
Affordability, Inequality Major Issues for Housing Sector
Several panels at the 2017 ULI Fall Meeting offered their insights and strategies for improving affordable housing availability in the U.S. Meeting the challenge starts with addressing issues of inequality and lack of economic mobility in many cities.
Gorman Lands $22M Refi for CO Asset
Walker & Dunlop arranged the atypical eight-year, fixed-rate term loan to refinance Lion’s Ridge Apartment Homes, a 114-unit workforce housing community at the foot of Vail Ski Resort.
Affordable Orlando Property Receives $17M HUD Loan
Dougherty Mortgage arranged the financing for Landon Pointe Apartments, a 276-unit community managed by Dominium. The transaction involved the re-syndication of an existing LIHTC project.
Bay Area Senior Living to Break Ground
Embarking on a five-year, multi-phase project, Wilson Investment Properties will build Paradise Value Estates, a 140-unit assisted living community in Fairfield, Calif.
Prestwick Opens Affordable SC Community
TD Bank invested $7.8 million in LIHTC equity, in partnership with Enterprise Community Investment, for the development of The Pointe at Blythewood, a 56-unit project northeast of Columbia.
TD Bank Invests in Affordable Philly Community
The bank provided a $9.1 million construction loan and purchased $12.0 million in federal tax credits. The money will be used to redevelop a nursing home into a 60-unit affordable housing project for seniors.