Affordable Housing
On the Market: 5 Interesting Listings for the Week of 5/26
The most recent listings include a retro lime green renovated property in Los Angeles and a Charlotte asset situated on 30 acres.
Meta Housing Finishes Art-Oriented SoCal Affordable Housing
Constructed on a 54,000-square-foot YMCA-owned site, the five-story ACE/121 includes an 800-square-foot, professional-caliber art gallery, a visual arts room, a makerspace, two music rooms and a dance studio.
Habitat Co. Lands $16M Chicago Affordable Housing
The company plans on making substantial renovations to East Park SRO, a 153-unit property in the East Garfield Park neighborhood. Plans include upgraded lighting, mechanical systems, masonry, landscaping and a new roof.
Lake Union Partners Acquires $23M MidTown Center
The company partnered with Forterra to develop the site and plans to include approximately 520 to 555 apartments. Approximately half of the units will be affordable.
NY Launches $20B Affordable Housing Initiative
The five-year plan was created to combat homelessness and proposes $10 billion to create and preserve more than 110,000 units across the state, including 12,000 units is designed through the newly enacted “Affordable New York” program.
NEI Completes Phase II of Boston Redevelopment
The company developed a 39-unit affordable community in the property, part of an initiative to transform as many as 11 acres of vacant lots in Boston into a mixed-use, transit-oriented development.
WinnCos. Preserves NJ Affordable Housing
The company joined with Greater Bergen Community Action to complete a project that will preserve affordable housing for 400 residents for 30 years in Jersey City.
PA Senior Living Community Expands
Windy Hill Village, a Presbyterian Senior Living community in Philipsburg, broke ground on a 48-unit rental apartment building. R.S. Mowery & Sons is the project’s contractor.
Carrier Johnson + CULTURE LA Project Begins Construction
The 161-unit apartment community will replace an empty 81-year-old two-story building with a modern design that utilizes metal panels and ceramic tile.
New DFW Affordable Senior Living to Open This Fall
Mustang Creek Estates will build a 42,000-square-foot assisted living and memory care community in Sachse, Texas. The new development will comprise six homes, each housing up to 16 seniors.