Affordable Housing
Q&A With ROSS Cos. Co-founders, Scott and Beth Ross
MHN checked in with the ROSS Cos. tag team to discuss what’s coming up for multifamily in 2016 and how the company plans to expand its expertise.
Related Cos. Takes Half Stake in UK Affordable Housing Developer
Related has acquired a stake in UK-based Pocket. The deal also coincides with the launch of initiatives by the British government to attract more first-time buyers into the market
Greysteel Leads Sale Of Pomeroy Gardens in D.C.
Greysteel has arranged the sale of Pomeroy Gardens, a 60-unit, garden-style apartment community located in the city’s Buena Vista neighborhood.
KeyBank Invests $28.7M in Senior Housing
KeyBank’s investment in Cambray Courts Apartments will help redevelop the community into 71 units of much-needed affordable housing for seniors in St. Lawrence County, N.Y.
Homeless Housing Breaks Ground in Albuquerque’s Rescue Mission
Two Affordable Housing Program (AHP) grants totaling $786,000 were awarded in 2015 to the Albuquerque Rescue Mission by New Mexico Bank & Trust and FHLB Dallas.
Vitus Group Buys, Maintains Affordable Housing in Philadelphia
Vitus has acquired 590 senior housing units in Philadelphia, which it plans to renovate and preserve as affordable for another 30 years.
Cody Langeness Appointed President of Red Stone Tax-Exempt Funding
Multifamily real estate financing company Red Stone appoints Cody Langeness as president after James Spound steps down.
SunPower Installed Rooftop Solar Systems for Low-Income Families
SunPower, in partnership with GRID Alternatives and Blackland Community Development Corporation, brings electricity cost savings to affordable homes.
George Gervin Retirement Apartments Opens its Doors to Seniors, Disabled, and Homeless Alike
Congressman Joaquin Castro, FHLB Dallas and Broadway Bank officials attend opening of new George Gervin senior housing community in San Antonio.
New $1.5B Affordable Housing Development Heads to Astoria
The new affordable housing at Halletts Point will transform the isolated stretch of the Queens waterfront into a residential community with a new supermarket, retail and community space.