Affordable Housing
TODAY’S DEALS: NorthMarq Arranges $63.9M Fannie Mae Loan with Prepayment Reduction
NorthMarq arranges a $63.9 million loan through its affiliate AmeriSphere Multifamily Finance; Venture West arranges $20.2 million in acquisition loans; and Vitus Group buys a Section 8 asset in Portland.
Baptist Gardens Opens in Atlanta
Residents have started moving to Baptist Gardens, an affordable seniors housing property in Atlanta.
MSHDA to Build New Senior Development in Michigan Suburb
Michigan State Housing Development Authority will open The Lake Pointe Apartments, a planned $4.2 million affordable housing development for seniors in downtown Hart, Mich.
TODAY’S DEALS: Bernards, Aimco Break Ground on $140M Calif. Redevelopment
Bernards breaks ground on Aimco’s massive Venice redevelopment; Passco Companies completes its second Class A buy in two weeks; and Lucent Capital arranges $9.9 million for the acquisition and re-entitlement of a Platinum Triangle development site.
TODAY’S DEALS: Rambleside Acquires 586-Unit Asset in Charlotte
ARA brokers the sale of a 586-unit asset in Charlotte; Boston Capital closes a tax credit fund encompassing 22 affordable properties; and Aries Capital helps an owner secure financing for a fractured condo/apartment community.
“The Future of Zone A”: A Panel Discussion on Climate Change Adaptability
As the effects of climate change continue to make themselves known around the globe, New York City has become all too familiar with this new and devastating phenomenon.
The Community Preservation Corporation Announces New Board Members
he Community Preservation Corporation (CPC), a non-profit lender for affordable housing throughout New York State, announced today the election of three new affordable housing career leaders to the CPC Board.
Bay Area’s Candlestick Heights to Offer Crucial Affordable Housing
Financing is in place for acquisition and development of Candlestick Heights, a 196-unit affordable rental community just to the west of Candlestick Park in San Francisco.
TODAY’S DEALS: PREI Buys Luxury Chicago Tower
Prudential Real Estate Investors completes a luxury buy in Chicago; Kennedy Wilson lands supplemental financing for one California asset, sells another; and FHL Bank San Francisco awards $18.5 million in affordable housing grants.
MHN Interview: Multifamily and the Legislative Agenda
MHN interviews Will Cooper Sr., founder and chairman of WNC and Associates, about the multifamily issues that are on the current legislative agenda and the low-income housing tax credit program.