Affordable Housing
$53M Earmarked for Bronx Senior Housing Renovations
A joint venture is refinancing Fort Schuyler House, a 138-unit development. Plans call for $15.5 million in capital repairs, and the property will preserve affordability for its residents.
Home Leasing to Inject $48M in Albany Affordable Housing
The company will rehabilitate more than 200 units. Guided by the State Historic Preservation Office, the remodeling of the properties will utilize historic tax credits.
Brooklyn Community Lands $92M
Greystone Bassuk arranged the 10-year permanent loan with Union Bank on behalf of The Hudson Cos. for The Parkline, a 254-unit building located in Prospect Lefferts Gardens.
Avanath Closes $388M Investment Funds
Avanath Affordable Housing III and Avanath III NY Co-Investment are two of the largest funds in the U.S. dedicated to affordable housing.
Jonathan Rose, Columbia to Complete $18M Atlanta Redevelopment
Plans include adding more ADA-accessible units, new gutters and roofing, and repaving walkways and roads, as well as adding amenities.
SEED Adds Solar to 5 LINC Assets
Co-developed with the National Housing Trust, the solar project impacts 545 low-income family and senior households in California.
MA Affordable Housing Project Lands $23M
MassHousing arranged the financing through JP Morgan Chase on behalf of Just-A-Start for the renovation and reconstruction of 112 affordable units in Cambridge, Mass.
BPDA Approves 3 Small Boston Communities
The developments are part of a larger set of projects which passed at BPDA’s December meeting. Together, they are expected to bring online 97 units and more than 8,000 square feet of retail space.
Allied Orion Group to Manage Houston Affordable Housing
The community, located in Crosby, Texas, and currently undergoing renovations, contains 86 units and five buildings.
Affordable Housing in the Trump Era: What’s Ahead?
The National Association of Local Housing Finance Agencies remains worried regarding the impact of a lower corporate tax rate. Kevin Morris of Colliers South Florida discusses the administration’s policies and what to expect in 2018.