Affordable Housing
Enterprise Homes Opens Seniors Housing Near Baltimore
Work has been completed on the Greens at Logan Field, an affordable seniors housing project in Baltimore County.
Meta Housing, Western Community Housing Finish San Clemente Seniors Apartments
Cotton’s Point Senior Apartments, an affordable seniors housing property in San Clemente, has been completed. The 76-unit project was a joint development by Meta Housing Corp. and Western Community Housing.
The Judges Speak: Robert Landis, Raymond James Tax Credit Funds
Robert Landis, SVP & director of asset management, Raymond James Tax Credit Funds, gives a rundown on his takeaways from the 2014 MHN Excellence Awards submissions. The affordable sector has elevated its design to the point where it is hard to differentiate between affordable and market rate without looking at rental terms. Also, Landis speaks on the maturing multifamily market and a changing perception of what apartments mean for a neighborhood.
Meta Housing Corp. Completes $32.4M Seniors Housing Community in San Clemente
Meta Housing Corp. has completed Cotton’s Point Senior Apartments, a $32.4 million affordable housing community for seniors aged 62+ in the seaside community of San Clemente, Calif.
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.