Affordable Housing
Baltimore Affordable Community Reopens After $27M Rehab
Enterprise Homes, HUD and other stakeholders teamed up on an extensive makeover of The Allendale, a 164-unit West Baltimore property serving seniors and disabled adults.
Greystone Trades SD Affordable Housing Community
The company closed on the sale of Brentwood Apartments in Sioux Falls. The asset is a LIHTC property built in 1973 and renovated in 2002.
Hines, McCaffery Break Ground in Chicago
A new mixed-use building anchoring the Lincoln Park neighborhood is set to rise on the former Children’s Memorial Hospital site.
Dougherty Closes $12M HUD Loan for OH Community
Meadow View Townhomes is a 128-unit property located in in Goshen. All units are restricted to residents earning 60 percent or less of the area’s median income.
Dougherty Secures $15M HUD Loan for Ohio Community
Olive Branch Townhomes, a 176-unit affordable housing property in Batavia, Ohio, will benefit from the refinancing. Dominium Development & Acquisition is the sponsor of the project.
Dougherty Secures $14M HUD Loan for Minneapolis Community
The company secured a 35-year term loan for Prairie Meadows Townhomes, a community located in Eden Prairie, Minn. The property consists of 168 fully affordable units.
Greystone Closes $82M in Refinance, Acquisition Loans
The company secured two financing agreements under the Fannie Mae DUS Small Loan program for four multifamily properties in Long Island and Queens.
Financing Affordable Communities in NY
James Dittbrenner, managing director at Sterling Bank, discusses the process behind a bank’s decision to finance affordable housing projects such as the Newburgh CORe Neighborhood Revitalization in Orange County, N.Y.
Creating the Blend
Versatile HTG Brings Fresh Approaches to Affordable Communities. Since its founding more than 20 years ago, Coconut Grove, Fla.-based Housing Trust Group has completed upward of $2 billion worth of transactions. HTG’s 5,900-unit portfolio spans Florida, the Southeast and Arizona, and includes market-rate, affordable and student communities. Its development pipeline exceeds $235 million. HTG President & CEO Matthew Rieger recently discussed development, affordable housing and strategy with MHN.
JV to Bring $44M Workforce Housing to Boston Area
Work on the 140-unit The Watson on Howard is scheduled to begin by June, with occupancy expected by July 2018. This community will feature the largest number of workforce units ever financed under MassHousing’s Workforce Housing Initiative.