Affordable Housing
Centerline Holding Company and Hunt Announce Definitive Merger Agreement
Centerline Holding Company and Hunt Capital Partners announced the entry into a definitive agreement and plan of merger between Centerline and an affiliate of Hunt under which an affiliate of Hunt will acquire through a merger all of the outstanding Common Shares of the Company that Hunt or its affiliates do not already own for cash consideration of $39.89 per share.
Upstate New York Affordable Housing Redevelopment Under Way
The Corr Community Center, which is an important part of the redevelopment of Liberty Gardens, a 180-unit affordable housing community, has been opened.
AMCAL Announces Grand Opening of L.A. Seniors Apartments
A grand opening heralding completion of the first phase of the Linda Vista Senior Apartments will be held in Los Angeles. The announcement was made jointly by AMCAL Multi-Housing, the community’s developer, and the East L.A. Community Corporation (ELACC).
TODAY’S DEALS: U.S. Bank Closes $55.1M for Affordable Seniors Developments
U.S. Bank paves the way for two Retirement Housing Foundation projects in L.A.; Beech Street closes $8.5 million for a Tampa refinance; and Alliant Capital provides a $975,000 loan.
CIS Selected to Help Develop Post-Disaster Response Best Practices
Enterprise Community Partners has selected multifamily specialist Community Investment Strategies Inc. as the latest participant in its Hurricane Sandy Recovery and Rebuilding Program.
Carlisle Development Group Opens Miami Apartment Building For Youth Aging Out of Foster Care
The Anchorage Apartments, located in the Liberty City neighborhood of Miami-Dade County, is a public-private partnership between Carlisle Development Group and Miami-Dade County Public Housing & Community Development to provide new affordable housing for youth transitioning out of the foster care system.
Trident Sustainability Group Announces Affordable Community Earthcraft House and Community Certified
The Harmony Green Townhome Apartments, located in Pooler, Ga., are now Earthcraft House and Community certified, according to Trident Sustainability Group, the LEED consultant for the project.
Meta Housing Corporation Completes Hollywood TOD
The Metro @ Hollywood, a $43.8 million transit-oriented mixed-use development featuring 120 affordable senior apartments and 5,500 square feet of ground floor retail, is now complete. Meta Housing Corporation is the developer of the property.
Joint Venture Breaks Ground on Affordable Community for Those with Developmental Disabilities
New York State Homes & Community Renewal, the New York State Office for People with Developmental Disabilities, Occupations Inc. and Warwick Properties Inc. announced the groundbreaking of an affordable community in Middletown, N.Y.
Virginia Apartment Community Acquired by Tryko Partners
Tryko Partners has added Midlothian Village, a 216-unit Richmond, Va., apartment community to its portfolio of affordable housing. This is Tryko’s initial foray into the Virginia market.