Affordable Housing
LDG Development Breaks Ground on $21M Affordable Austin Community
LDG Development announced the ground breaking of a new 228-unit affordable community in Austin, Texas.
Peabody Property’s Community for Veterans to Open in September
Valley Brook Village, a supportive residential property for returning servicemen and women, will open next month. Designed by The Architectural Team in partnership with Peabody Properties, the developer, it will house 62 veterans at risk for homelessness.
Medici Communities and Urban Land Conservancy Open $12.35M Affordable TOD
The Urban Land Conservancy and Medici Communities have opened an affordable, transit-oriented development at the Evans Light Rail Station in Denver. The community, called Evans Station Lofts, cost $12.35 million.
McShane Construction Company Completes Renovation of Affordable Apartments in Chicago Neighborhood
McShane Construction Company has completed the comprehensive rehabilitation and renovation of the Borinquen Bella Apartments, located in Chicago’s Humboldt Park neighborhood, on behalf of the Latin United Community Housing Association.
TODAY’S DEALS: Large Texas Apartment Community Trade Hands
Marcus & Millichap completes a 720-unit sale; Centerline provides a $1.1 million refinance for an affordable asset in Mississippi; and Berkeley Point Capital facilitates $12.5 million for an acquisition.
Supportive Housing Development Opens in Chicago Suburb
Myers Place, a supportive housing development in northwest suburban Chicago, has been completed.
The Urban Strategy America Fund Invests in 151-Unit Affordable Community
The Urban Strategy America Fund, a fund at New Boston Fund has closed on the permanent financing for the third financial rental phase of Olmsted Green, a community in Boston.
Dominium Acquires Arizona Affordable Apartments
Dominium has purchased The Sahuarita Mission Apartments, a 52-unit affordable apartment community in the Tucson-area municipality of Green Valley, Ariz.
Carrfour Property Receives Grant to Create Urban Farm
The Health Foundation of South Florida has awarded Carrfour Supportive Housing, a major Florida affordable housing developer, a $28,800 grant to fund its Learning Kitchen and Farmer’s Market Training Program.