Affordable Housing
Perkins Coie Closes $125M US Treasury Guaranteed Bond for CRF, CDT
Perkins Coie has announced that it has closed a $125 million U.S. Treasury guaranteed bond issue for Minneapolis-based Community Reinvestment Fund and Community Development Trust. The bond, one of three issued, will help provide low-cost capital to invest in affordable housing loans.
Kaweah Management Company and The Pacific Companies Develop 47-Unit Affordable Housing Community in Central California
Kaweah Management Company and The Pacific Companies has developed The Aspens, a 47-unit affordable housing community in the Central California town of Tulare, made possible thanks to a $6.4 million low-income housing tax credit equity by WNC.
Operating Expenses Both Up, Down for Federally Subsidized Housing, Says IREM Study
According to a recent study published by IREM, operating expenses in 2013 compared with 2012 for various kinds of federally subsidized housing decreased in the case of some kinds of properties, but increased for others.
The Michaels Organization Educational Foundation Honors Scholarship Recipients
The Michaels Organization Educational Foundation recently held a ceremony at Delgado Community College in New Orleans to honor six residents of The Estates community that have been awarded college scholarships from the foundation.
WNC Provides Financing for Baton Rouge Renovation
Renovation is complete at Renaissance Gateway, a 208-unit affordable apartment community in Baton Rouge.
Affordability Extended at The JBG Companies’ Falkland Chase
An agreement has been struck to extend the term of 90 rental assistance units at the Falkland Chase Apartments in Silver Spring, Md. The JBG Companies and Montgomery County’s Department of Housing and Community Affairs (DHCA) are the parties entered into the agreement.
National CORE, CHW Break Ground on SoCal Affordable Housing
National Community Renaissance and Community HousingWorks have broken ground on Mission Cove, an affordable housing property in Oceanside, Calif.
Related Companies’ Belmar Apartments Opens in Santa Monica
Related Companies has announced the grand opening of the KTGY Group, Architecture + Planning-designed Belmar Apartments in Santa Monica.
Troy Boston Tops Off in Beantown’s South End
The final beam has been placed on Troy Boston, a $185 million mixed-use development in Boston’s South End. Gerding Edlen, Normandy Real Estate Partners and National Real Estate Advisors collaborated on the project.
Ingerman Closes on Land for Development of Affordable Community
Multifamily builder and manager Ingerman has announced that it has closed on a 2.6-acre property in Wood-Ridge, Bergen County, N.J., where it plans to construct a 104-unit affordable rental community.