Affordable Housing
Guardian Real Estate Completes Affordable Housing Rehab in Oregon
Guardian Real Estate Services, in partnership with HUD and Oregon Housing and Community Services, has completed a $14 million rehab project that maintains 69 affordable homes for seniors and families in Beaverton, Ore.
ROEM Corp., Eden Housing Begin Eco-Friendly Workforce Housing in Mountain View
ROEM Corp. and Eden Housing have broken ground on an eco-friendly, mixed-use workforce housing community in Mountain View, Calif.
Funding in Place for Monastery to Seniors Conversion in Chicago
Senior Lifestyle Corp. has obtained funding for the redevelopment of a monastery on the Northwest Side of Chicago. The Low Income Housing Tax Credits were provided by Boston Capital.
Meta Housing Corp. Developing Seniors Housing in Compton
Meta Housing Corporation details its development of Metro @ Compton Senior Apartments, a 75-unit, sustainably-designed and transit-oriented affordable multifamily community for seniors aged 55 and older.
TODAY’S DEALS: Grubb Properties Sells a Charlotte Mid-Rise
A Charlotte mid-rise trades for $31.2 million; Oak Grove Capital closes $17.9 million for three affordable acquisitions/rehabs; and BMC capital provides a $930,000 five-year bank loan.
CHW Remodels, Upgrades California’s Los Robles HUD Apartments
Community Housing Works completes a major remodel and upgrade to a 40-year-old HUD community in Vista, Calif. The program involved investing $1.2 million into green upgrades. Check out a before and after slideshow.
Related California Begins Rehab of Berkeley Public Housing Units
Related California has acquired 75 units in 15 public housing sites from the Berkeley Housing Authority. The new partnership will renovate the units with the goal of improving a component of the city’s housing inventory for large families.
Ground Breaks on New Supportive Housing Community in Santa Monica
The Hollywood Community Housing Corporation (HCHC) and Step Up On Second broke ground today on a supportive housing community in Santa Monica, Calif.
Greystone Coordinates Financing for Jersey City Affordable Housing Community
Greystone has solidified financing for Salem Lafayette Apartments in Jersey City. The $64.5 million Fannie Mae Multifamily Affordable Housing (MAH) funding will go toward the acquisition and rehabilitation of the affordable housing community.
Centerline Capital Unveils New Healthcare Lending Platform
Centerline Capital Group has announced the addition of a national healthcare lending platform. The new program will fund a variety of multifamily healthcare related projects such as community-based residential care, assisted living, memory care and nursing homes.