Affordable Housing
Federal Home Loan Bank Awards $5.1 Million for Affordable Housing in Virginia
Atlanta–Federal Home Loan Bank of Atlanta will award $5.1 million to assist in the funding of 12 affordable housing developments in Virginia.
Affordable Housing Project Springs Up in Affluent L.A. Suburb
Neighbors were not initially receptive to Mirandela, a 34-residence affordable seniors housing apartment property, but the finished product has brought nothing but accolades.
HUD Awards LISC $19M to Bolster Nonprofits
New York–The U.S. Department of Housing and Urban Development has awarded the Local Initiatives Support Corporation (LISC) a $19.3 million Section 4 capacity-building grant to help community-based nonprofits lead affordable housing and economic development efforts in low-income communities.
Habitat Company’s Mark Segal Talks Mixed-Income Development
Mark Segal, president and CEO of The Habitat Company, discusses the affordable and mixed-income programs that his team has in the works, as well as what’s happening with Chicago public housing.
Development Team Chosen for Biggest NYC Affordable Housing Project in 40 Years
New York–The Hunter’s Point development will encompass 5,000 new housing units–75 percent of which will be reserved for low-, moderate- and middle-income families.
David Reznick Provides Advice for Affordable Housing Developers
David Reznick, co-founder and chairman of the board of the accounting and tax advisory firm of Reznick Group, describes lessons affordable housing developers can learn as a result of this downturn.
Enterprise Named Freddie Mac Targeted Affordable Housing Lender
Columbia, Md.–Freddie Mac has given Enterprise approval to originate affordable multifamily loans nationally on its behalf.
$26M L.A. Housing Project for Formerly Homeless and Incarcerated Opens Its Doors
Los Angeles–The Dolores McCoy Villa in the Watts community of Los Angeles helps fill the need for accommodations for the formerly homeless and previously incarcerated.
Section 8 Property in Houston Emerges from $7.5M Makeover
Houston–St. James Apartments, a 150-unit, 30-year-old affordable housing community, has experienced a a $7.5 million upgrade at the hands of Dominium.
Hardin Construction Hard at Work on Another Green Affordable Seniors Housing Project
Smyrna, Ga.–Work is underway on the 88-unit affordable seniors housing project, Hardin Galleria Manor of Smyrna, which is being designed for LEED Silver certification.