Affordable Housing
Will That Be Cash or Credit?
The affordable housing industry has evolved over the past several years, and an asset class that was once known mostly for tax benefits, management fees and nominal cash flow has become extremely competitive among investors.
Affordable Housing Program Expands in Chicago’s River North
The Habitat Company has extended the affordable housing program of a 384-unit community.
Dougherty Mortgage Closes $9.5M HUD Loan for The Timbers
Dougherty Mortgage has closed a $9.5 million HUD 223(f) PILOT Program loan for the acquisition of a 104-unit multifamily community in Austin.
Community Preservation Partners Spends $119M on Affordable Housing
Community Preservation Partners teamed up with Related Affordable to acquire two residential communities in the Bay Area, marking the company’s largest deal to date.
New Affordable Housing Development Breaks Ground in Austin
The 240-unit residential community will bring affordable housing to Austin’s Mueller development.
Hunt Mortgage Group Refinances Five Multifamily Properties in the Sunshine State
The company invested $35.3 million to refinance five multifamily communities located in Orlando and the Miami metro area.
$14M in Loans to Support 1,243 Units of Affordable Mass. Housing
Plans for the Affordable Housing Trust Fund financing include creating or substantially rehabilitating and preserving the affordability of units across nine buildings.
MassDevelopment Issues $30.8M Bond for Complete Reconstruction of Cambridge Community
The rebuilding of the Jefferson Park community will create a total of 104 fully-affordable units.
City Council Approves de Blasio’s Affordable Housing Programs
The NYC City Council approved two major components of Mayor de Blasio’s affordable housing plan with the passing of the MIH and ZQA programs.
Beachwood Park Mobile Home Community Secures Refi
Dekel Capital recently secured a loan on behalf of the owner of a Dana Point mobile home park.