Affordable Housing
KTGY Designs Award-Winning $10M Seniors Community
Heritage Oaks Senior Apartments, a seniors community in Oakdale, Calif., has recently opened. The $10 million community is environmentally friendly and has earned LEED Platinum certification.
TODAY’S DEALS: ARA Sells 180-Unit Asset in Texas
An Oregon-based buyer acquires a Texas asset; Marcus & Millichap sells a N.J. HUD community for $16.1 million; and Gebroe-Hammer completes four sales in Southern New Jersey/Philadelphia.
MHN Interview: How $1B Will Affect Affordable Housing in New York State
New York Governor Andrew Cuomo recently committed $1 billion to the House New York program. MHN speaks to Donald Capoccia, president, New York State Association for Affordable Housing, about what this government investment will mean for the future of affordable housing in New York.
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.