Affordable Housing
LINC Opens LA-Area Affordable Community
Mosaic Gardens at Willowbrook is a $20 million development built for low-income families and homeless households, with support from several public and private entities. The latest homeless count shows there are nearly 47,000 homeless in Los Angeles County.
CAPREIT to Manage 3 Miami-Area Affordable Communities
All three were purchased for $59 million in March 2017 by the American Opportunity Foundation, which plans to invest in extensive upgrades.
Bronx Affordable Property Opens Doors
Gouverneur Place Apartments, a 68-unit development, was constructed through a public-private partnership that included the state of New York and UnitedHealthcare.
Berkadia Finalizes Transactions in NY, FL
The firm secured financing for an affordable 130-unit property, called Tony Mendez Apartments, in Manhattan and two properties, called Fernwood Grove and Poplar Park Terrace, totaling 293 units in Tampa.
Homeless Housing Project Underway in LA
Affirmed Housing and PATH Ventures broke ground on their third project, a 65-unit community slated for completion in summer 2018.
Bridge Housing Gives Affordable Senior Community a Face-Lift
The company purchased the 100-unit community in 2015 with a view to make capital improvements which ended up totaling $34 million.
Xpera CM Wraps Up San Diego Affordable Community
Tenants are already moving into the 205-unit building developed by Wakeland Housing and Development Corp.
The Rewards of Green Financing
Fannie Mae’s multifamily chief explains how dedicating capital to measures that save energy and water pay off, especially in the affordable sector.
Capital One Secures Refi for SoCal Affordable Community
The fixed-rate loan for the 156-unit manufactured housing community in Riverside, Calif., has five years of interest-only payments.
Bay Area Affordable Veterans Housing Breaks Ground
Community Development Partners began construction on the $21 million project slated for completion by year-end. The innovative project’s structure will comprise modified steel shipping containers.