Affordable Housing
Indianapolis Seniors Apartments Receive $2.3M Grant From HUD
HUD has awarded the AHEPA 232 Apartments in Indianapolis a $2.38 million grant under its Assisted Living Conversion Program. The funding will be used to covert 24 of AHEPA 232’s 74 units into service-enriched seniors housing.
Led By Dayton, Ohio Again Tops Trulia’s Ranking of Affordable Housing Markets
Trulia released a report showing that Ohio was home to some of the nation’s most affordable housing markets for the middle class.
Joint Venture Opens Affordable Housing in Harlem
A joint venture has opened Bethany Place, 23 renovated apartment units in Harlem, to go to Sandy-impacted and rent-burdened families.
KGD Architecture’s Arlington Mill Residences Captures Award
Arlington Mill Residences, an affordable housing community in Arlington, Va. has been named “Best Housing Development in Virginia.”
New Affordable Seniors Property Opens in LA County
Affordable Living for the Aging has opened its latest seniors housing development, the Janet L. Witkin Center, which has 17 units at 937 N. Fairfax Ave. in West Hollywood. The project will serve low-income and formerly homeless seniors.
Harlem’s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building
A development team is breathing new life into the dilapidated Public School 186 building, one of Harlem’s architectural beauties that has been sitting vacant for nearly four decades.
Construction Underway on West Humboldt Place in Chicago
Work has begun on West Humboldt Place, a 13-unit apartment building on the West Side of Chicago. Once complete, the new housing development will serve low-income families with disabilities.
Enterprise Makes $6M Tax Credit Investment to Preserve Philly Affordable Properties
Enterprise Community Investment has made a $6 million Low Income Housing Tax Credit deal to acquire, rehabilitate and preserve 92 affordable apartment units within four developments across scattered sites in Philadelphia.
Jonathan Rose Companies and TIAA-CREF Announce Preservation Fund
TIAA-CREF and Jonathan Rose Companies have unveiled the Rose Affordable Housing Preservation Fund LLC—a $51.6 million fund seeded by the two organizations that will help with the acquisition and improvement of affordable and mixed-use housing in strategic major metros in the United States.
Work Begins on Seniors Housing in Suburban Rochester
Ground has been broken on Long Pond Senior Housing, an affordable supportive seniors housing development in the town of Greece, a suburb of Rochester, N.Y. When the first phase is complete, the property will include 54 one- and two-bedroom units.