Affordable Housing
Winn Finishes Rehab of Philly Affordable Seniors Housing
WinnDevelopment, the real estate development arm of WinnCompanies, has completed the rehab of Venango House Apartments, an affordable seniors housing property in the Tioga neighborhood of Philadelphia.
Victory Housing Opens Seniors Affordable Housing in Rockville, Md.
Victory Housing has opened Victory Court, a mixed-income community for residents 62 and older in downtown Rockville, Md.
TODAY’S DEALS: Pinnacle Sells 304-Unit Apartment Near Dallas
Cortland Partners buys Texas asset from Pinnacle; CBRE/New England brokers the $7.8 million sale of a Section 8 property in Massachusetts; and BMC Capital provides a $2.8M loan and enables lower interest on foreclosed property.
Michaels Development Company Develops Affordable Housing Community in Dayton’s Historic Germantown-Broadway Neighborhood
The Michaels Development Company has developed Germantown Village, a new mixed-income, affordable housing community that is the first phase of a multi-phase revitalization initiative underway in the historic Germantown-Broadway area of Dayton.
Kearney Realty’s Poughkeepsie Commons Development Opens for Seniors, Homeless, Veterans
There are 71 more affordable housing units available to Poughkeepsie, N.Y., seniors, homeless people and disabled veterans thanks to the completion of Poughkeepsie Commons, a three-story community developed by The Kearney Realty & Development Group.
MHN Interview: The Benefits of Developing and Financing Supportive Housing
MHN talks to Maria Barry, community development banking executive at Bank of America Merrill Lynch, and Maria Joyce, a senior vice president in community development banking who has worked directly on the New Directions Sepulveda project, about their unique partnership.
TODAY’S DEALS: Raymond James Completes $195M LIHTC Fund
Raymond James completes a construction/rehab LIHTC fund; Greysteel arranges a 100-unit sale in Maryland; and distressed communities to get a $100 million lift from Bank of America, Enterprise and LISC.
Avesta Housing’s Pearl Place II Achieves LEED Platinum Certification
Avesta Housing, with the help of Thornton Tomasetti Inc., has achieved LEED Platinum certification from the U.S. Green Building Council for its Pearl Place II community in Portland, Maine’s Bayside neighborhood.
CPC Oversees $10M Construction Loan for Affordable Community
Westchester County real estate developer Ken Kearney and Rehabilitation Support Services Inc. have obtained a $10.5 million construction loan to build Highridge Gardens, a multifamily development in Poughkeepsie.
MAP Breaks Ground on Mixed-Income Development in Yonkers
Magnusson Architecture and Planning has broken ground on Schoolhouse Terrace at Croton Heights, a 172,000-square-foot, mixed-income development that will replace outdated public housing in Yonkers, N.Y.