Affordable Housing
MHN Interview: Centerline Capital Group’s New Director of Affordable Housing Debt James Boris
Centerline Capital Group, a subsidiary of Centerline Holding Company, recently hired James F. Boris III as director, affordable housing debt. MHN talks to Boris about his new position and his predictions for the affordable and seniors housing industry.
Ground Broken on Southern L.A. County Affordable Housing
Work has started on Terracina Apartments, a new 72-unit apartment development in southern Los Angeles County.
Housing Partnership Equity Trust Launches with $100M in Funding for Affordable Communities
The Housing Partnership Equity Trust announced that it has raised $100 million. It will begin investing in multifamily communities in partnership with 12 high-performing nonprofit housing providers.
Affordable Seniors Multifamily Community Completed in N.Y. State
A new seniors housing community called Amber Grove has been completed in New Windsor, N.Y., about an hour’s drive north of New York City.
TODAY’S DEALS: Greystone Closes $43.8M for San Jose Asset
Greystone provides financing for a 434-unit community in San Jose; Enterprise Homes closes loans totaling nearly $30 million for two new affordable senior assets in Baltimore County; and Hudson Realty Capital funds a $5.5 million construction loan for a school conversion.
Enterprise Community Partners, Inc. Announces New Co-Chair of the Enterprise New York Advisory Board
Enterprise Community Partners, Inc. announced today the election of Todd A. Gomez, Community Development Banking (CDB) Northeast Region Executive at Bank of America Merrill Lynch, to join David Cavalier as co-chair of the Enterprise New York Advisory Board.
Construction Begins on $7.2M Connecticut Affordable Housing Community
Construction has started on Gini’s House, a $7.2 million affordable supportive housing development in Norwalk, Conn., that will include 18 one- and two-bedroom apartments.
Rafael Cestero, CEO of Community Preservation Corporation, Honored for Leadership in Affordable Housing
As part of a Cornell University summer field study, Rafael Cestero spent a semester at the Enterprise Foundation in New York City (now Enterprise Community Partners).
MHN Interview: New Issues Affecting Affordable and Market-Rate Development
MHN talks with Orlando Carera, counsel, and Greg Young, a new partner, both in the Real Estate Practice Group of Squire Sanders, about development and investment trends, and their thoughts on how the sequester will affect the multifamily industry.
Three Affordable Housing Properties to Benefit from $1.4M in Disaster Recovery Funds
The Broward County Housing Authority was awarded a $1.4 million grant by the Broward County Housing Finance and Community Development Division, which will be used to strengthen three of its multifamily rental communities to better withstand storms.