Affordable Housing
Omni Housing Development Revitalizes Sustainable Affordable Community
Omni Housing Development has nearly completed Phase 1 of the redevelopment on an affordable housing community in Rome, N.Y., called Liberty Gardens. In addition, the community is designed to be sustainable.
Denver’s TOD Fund Helps Finance New Affordable Housing
The Evans Light Rail Station on Denver’s south side is the site of a new affordable housing community being developed by Denver-based Urban Land Conservancy and Medici Communities.
TODAY'S DEALS: ZOM, Northwestern Mutual Break Ground in Florida
A joint venture breaks ground in Palm Beach County; Greystone Funding Corp. originates $73.7 million for two affordable assets in New York; and Alliant Capital converts the interest rate of a $5.86 million ARM to 3.99 percent.
Nonprofits Acquire LA Affordable TOD Property
Nonprofit affordable housing developer Abode Communities and Trust South LA, a community land trust, have acquired Rolland Curtis Gardens on West 38th Street in Los Angeles.
AMCAL to Develop Two L.A. Affordable Housing Communities with Help from TCAC Funds
AMCAL Multi-Housing is building two new apartment developments in the Los Angeles area with funding assistance from the California Tax Credit Allocation Committee.
MHN Interview: CEO of CDT Discusses the State of Capital for Affordable Housing
The Community Development Trust recently was awarded $1.45 million from the Community Development Institutions Fund (CDIF) to preserve affordable housing. MHN talks to Joe Reilly, president and CEO of CDT about this award, as well as the state of capital for affordable housing across the country.
TODAY'S DEALS: Archstone Partnership Acquires Boston-area Asset for $94.3M
Archstone buys a Boston-area apartment; National Health Investors completes a $25.2 million purchase of a senior living campus; and Greystone provides a $21 million refinancing for an affordable housing asset in Connecticut.
Two Bronx Apartment Buildings Up for Grabs
DelShah Capital is putting two affordable housing properties in the Bronx on the market in a move that it says is part of refocusing its business.
Philly Affordable Housing Property Wins Refi
Meridian Capital Group has closed on a $10.5 million loan to refinance Cricket Court Commons, a 228-unit Low-Income Housing Tax Credit apartment community in Philadelphia.
Victorian Factory Becomes Green Apartments
The Abbot Mill renovation in Forge Village of Westford, Mass., has been completed. Originally built in 1870 and long a part of the industrial history of Massachusetts, the property now includes 131 residential units, 13 of which are affordable housing.