Affordable Housing
JV to Develop 236-Unit DC Community
Fort Lincoln New Town Corp., The Concordia Group and Buvermo Investments plan a Class A project that will include 36 affordable units.
New Affordable Housing Coming to San Diego
Affirmed Housing began construction of a 79-unit community in Pacific Highlands Ranch. Dubbed Luna, the property will rent to those who earn between 50 and 60 percent of the area’s median income.
How to Approach Mixed-Income Communities
Director Mark Joseph and Project Manager Taryn Gress of the National Initiative on Mixed-Income Communities shared their research on the mixed-income housing strategy.
Boston Affordable Housing Gets $14M Renovation
LIHC Investment Group and Weston Associates received financing that will keep the 380-unit Shore Plaza Apartments affordable for the next 20 years.
Greystone Closes $77M Transaction for SC Portfolio
The initiative recapitalizes and preserves the affordability of 18 communities. All the 762 units are restricted to low-income households and will undergo renovations to improve the exteriors and interiors.
Chicago’s Woodlawn: A Success Story in the Making
In the last few years, the long-struggling neighborhood has seen robust construction activity in the housing and retail sectors. Nonprofit developer POAH together with the city of Chicago have initiated a series of affordable housing projects meant to transform the community and trigger other residential, educational and cultural developments.
Orlando Affordable Housing Scores $20M Refi
Berkeley Point Capital arranged financing for Sand Lake Pointe Apartments, a 312-unit property. The loan was securitized with Ginnie Mae on a 35-year fully amortizing term.
NASA Seeks Developer for 1,930 Silicon Valley Units
In partnership with the U.S. General Services Administration, NASA intends to build a massive community on 45 acres near Moffett Field, Calif. The project will also include 100,000 square feet of retail space.
JV Commits $50M to Mid-Atlantic Affordable Housing
Roughly 4,100 units will preserve their affordability, thanks to a partnership between TIAA and Enterprise Homes. The two companies acquired a 43-property portfolio from The Shelter Group.