Affordable Housing
Mercy Loan Fund Provides Cesar Chavez Foundation $9.9 Million Loan
Cesar Chavez Foundation has acquired The Park at Cliff Creek in Dallas, thanks to a $9.9 million loan from Mercy Loan Fund, in partnership with the Low Income Investment Fund.
North Dakota Multifamily Project Wins Award from the State
Wolf Run Village in Watford City has received the Champions of Affordable Housing Award from the North Dakota Housing Finance Agency.
TODAY’S DEALS: Centerline Provides Acquisition, Renovation Financing for Florida Asset
Centerline provides a Related affiliate with acquisition and renovation financing; Greystone closes $40.4 million for a Tennessee community; and Meridian Capital negotiates $39.3 million in financing for mixed-use properties in New York and New Jersey.
Industry Expert Joins Affordable Sales Team at Yardi
Santa Barbara, Calif.—Yardi announced today the hiring of Deborah Lear as executive sponsor for its affordable housing market. Lear is a nationally recognized multifamily housing veteran with more than 30 years of experience in the industry. Lear most recently served as director of the Office of Housing Assistance Contract Administration for the Department of Housing and Urban Development in Washington, D.C. She has extensive expertise with programs such as Performance Based Contract Administration, funding and oversight of rental subsidies, and multifamily asset management. Her career experience encompasses numerous departmental initiatives at HUD including Special Assistance Workout Team, Section 8 Contract…
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.