Affordable Housing
Walker & Dunlop Taps New SVP
Matt Naish brings affordable housing expertise following his tenure with Berkeley Point Capital and HUD.
$73M Rehabilitation of SoCal Affordable Community Underway
The redevelopment of the 268-unit project by Community Preservation Partners marks the biggest tax credit in Indio, Calif. The second phase is slated for completion by the end of the year.
Dominium Expands GA Portfolio
The company landed the former Laurel Ridge Apartments, renamed Leyland Pointe Apartments, a 276-unit affordable housing community in East Point.
WC Smith Lands $183M Refi Through Green Certification Program
The company is using the loans, originated by Walker & Dunlop, to refinance Park Chelsea and 2M, two LEED-certified communities in Washington, D.C.
PAC Buys Recently Built Virginia Community
The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.
Meta Housing Wraps Hollywood Project
The $21.6 million community, which also includes about 3,500 square feet of commercial space, will add 40 units of much needed affordable housing to L.A.’s inventory.
Security Properties to Rehab Illinois Community
The Seattle-based company closed on University Village, a 534-unit affordable housing development in DeKalb, Ill. The new owner will renovate the property, which will maintain its affordable status for at least the next 15 years.
Dougherty Closes on St. Louis Affordable Community
The company has arranged a 35-year term loan for the 95-unit community. The property was built as a hotel in 1963, and in 2007 it was converted to a multifamily community.
Summerhill Brings 994-Unit Project to Santa Clara
Located on nearly 27 acres bounded by Lawrence Expressway, Central Expressway and Kifer Road, Nuevo will be the city’s largest master-planned housing development since Rivermark.
NHP Foundation Acquires DC Affordable Housing for $16M
Located in the gentrifying Brightwood section of Northwest Washington, D.C., Takoma Place consists of 105 units in seven buildings.