Affordable Housing
Fannie Mae Releases Major Study on Multifamily Energy Use
Fannie Mae released a major new report on energy usage in the multifamily sector called “Transforming Multifamily Housing: Fannie Mae’s Green Initiative and Energy Star for Multifamily.”
LDG, HOC Partner on Redevelopment Project in Silver Spring, Md.
Lee Development Group and the Housing Opportunities Commission of Montgomery County have announced a partnership to redevelop three parcels in the downtown area of Silver Spring, Md., into mixed-use and transit-oriented affordable housing.
MassHousing Provides Nearly $1B for Affordable Housing in FY ’14
MassHousing, which is the housing agency of the Commonwealth of Massachusetts, reports that it provided $985.2 million for affordable housing in the 2014 fiscal year, which ended June 30, 2014. It was the second-largest lending year in the agency’s 48-year history.
Housing Crunch
Raising the Low Income Housing Tax Credit cap could mean more production opportunities for developers.
First Affordable Housing Loan Closed Under New Freddie Mac Program
Freddie Mac’s new Direct Purchase of Tax-Exempt Loans initiative, the goal of which is to keep rental housing affordable for lower-income families and lower costs involved with financing for tax exempt multifamily properties, has closed its first loan.
WNC Provides Financing for Seniors Apartments in Long Beach, CA
Ramona Park Senior Apartments, an affordable senior housing community in Long Beach, Calif., has been completed.
Dominium to Upgrade Recently Acquired Affordable Housing Community
Minneapolis-based affordable housing development and management company Dominium has announced that it has acquired a 172-unit community in Saint Paul, Minn.
Connecticut Awards $27M in Redevelopment Funds, Some for Multifamily
The state of Connecticut, through its Department of Economic and Community Development, has awarded $27 million in grants and loans for 20 brownfield remediation and redevelopment projects throughout the state.
TODAY’S DEALS: Kennedy Wilson Acquires 118 Units South of Seattle
Kennedy Wilson completes a $20.8 million acquisition in Turnwater, Wash.; Hunt Mortgage Group refinances an affordable seniors asset in Pennsylvania; and NorthMarq Capital arranges a seven-year, $22.8 million acquisition loan.
Work Begins on Affordable Housing Near Albany
Ground has broken on Lion Heart Residences, a 72-unit affordable housing project in Cohoes, a town in Albany County, N.Y.