Affordable Housing
Brookfield Builds In Manhattan with Help From China
Brookfield Property Partners recently broke ground on a new 62-story residential tower in Manhattan. The $800 million structure will receive partial funding with $479 million in HFA credit enhanced bonds from the Bank of China with a seven-year term.
Building Seniors Housing in Partnership with Churches
Omega Communities, a seniors housing developer, has broken ground on Fountains of Hope, an assisted living and memory-care property in Sarasota.
$25.2M Affordable Community to Open in Texas
AMTE is developing 160 units of affordable housing in Fort Worth, Texas. Construction is set to begin in spring 2015 on Avondale Apartments, valued at $25.2 million.
Fiesta Park
BH Properties recently renovated its affordable apartment community Fiesta Park. The community, located in Mesa, Ariz., was able to increase its occupancy by 40 percent. MHN looks at some of the stats of the successful property overhaul.
Joint Venture to Construct Affordable Housing in Florida
LandSouth Construction and developer Ability Housing Project of Northeast Florida Inc. have teamed up to begin construction of Village on Wiley, a $4 million affordable housing project located on Jacksonville’s Westside.
Why is Affordable Housing Disappearing in NYC?
Affordable housing is vanishing in New York City neighborhoods that present residents with the highest-quality schools, lower crime rates and greater job access.
$24.6 Million Renovation Planned for Affordable Community
Enterprise Homes and SunTrust have committed to a $24.6 million renovation project in Fredrick, Md., which will be designed by Grimm + Parker.
Stewards of Affordable Housing for the Future Names New Senior Vice President
Stewards of Affordable Housing for the Future announced the promotion of Rebecca Schaaf to senior vice president and will be leading SAHF’s energy and water conservation work.
$8M in Grants For Connecticut Affordable Housing
The Bristol Housing Authority has received three Connecticut state housing grants totaling $8 million aimed at revitalizing its Zbikowski Park development.
HTG Begins Development of Pinellas County Apartments
Housing Trust Group has started work on Whispering Palms Apartments, a 63-unit affordable housing development targeting families in Largo and Pinellas County, Fla. The community will also include four units specifically for special needs families.