Affordable Housing
TODAY’S DEALS: AFL-CIO Invests $33.5M in Boston Public Housing Redevelopment
HIT provides $33.5 million for a public housing rehab; Mesa West Capital funds a $32.3 million loan in two weeks; and Walker & Dunlop places $19.8M for a pair of LIHTC assets in Virginia.
Boston Capital Invests in Wisconsin Affordable Apartment Rehabs
A pair of Wisconsin affordable apartment communities, Gilbert Court Apartments in Elkhorn and Havenwood Apartments in Lake Geneva, will be rehabilitated, thanks to an investment by Boston Capital.
NorSouth’s $15.3M Seniors Community 100 Percent Occupied
HearthSide Towne Lake, a $15.3 million, 100-unit affordable seniors community in Woodstock, Ga., is 100 percent occupied less than a year after opening. The community was developed by Atlanta-based NorSouth Development and built by NorSouth Constructs.
Michaels Development and the Housing Authority Develop Affordable Housing Community in South Camden
Michaels Development has teamed with the U.S. Department of Housing and Urban Development to open Morgan Village, a new 40-unit rental townhouse community serving low- and moderate-income families in the Morgan Village neighborhood of South Camden.
SPECIAL REPORT: NYHC/NHC Conference Speakers Warn of ‘Mounting Fears’ for Affordable Housing
Speakers at the New York Housing Conference and National Housing Conference’s 39th Annual Awards program warned that the outcome of Capitol Hill fiscal negotiations may not be favorable to the industry’s production, preservation and investment programs.
Tryko Partners Begins Extensive Renovation on Distressed Affordable Community in Maryland
Tryko Partners recently acquired Perrywood Gardens, a 184-unit affordable housing community in Aberdeen, Md. The company is currently implementing a $500,000 renovation program for the property.
Clifford Beers Housing and PATH Ventures Announce New North Hollywood Seniors Community
The 49-unit NoHo Senior Villas in the NoHo Arts District of North Hollywood has opened for residents. The property accommodates low-income seniors, including 30 who were previously homeless and living with mental illness.
The Community Development Trust and Southport Financial Services Acquire Affordable Seniors Community
The Community Development Trust and Southport Financial Services have announced a joint venture to purchase an affordable seniors community called Steinbeck Commons in Salinas, Calif.
Affordable Seniors Housing Opens in Heber City, Utah
The grand opening of Prestige Senior Living Center, a 23-unit affordable senior housing community in Heber City, Utah, took place earlier this month.
CRE Organizations NYSAFAH and AAREPNY Form Partnership
The New York State Association for Affordable Housing and the African American Real Estate Professionals of New York have inked a one-year formal partnership.