Affordable Housing
Latin United Community Housing Association Receives $4.7 for Affordable Housing
BMO Harris Bank has extended a $4.7 million construction loan to the Latin United Community Housing Association to provide renovations on the Borinquen Bella Apartments.
TODAY'S DEALS: Berkadia Lands $37M Refinance for Illinois Community
Berkadia provides a $37 million refinancing for a property in Illinois; SBV Communities completes its third acquisition in 2012 with the purchase of a 206-unit community; and Cassidy Turley BRE Commercial negotiates a $6 million sale.
Affordable Property Opens Fully Leased
Vista Mar, a 110-unit apartment community in Miami, has opened its doors.
Affordable Housing Conference of Montgomery County Names RKR Construction 'Builder of the Year'
The Affordable Housing Conference of Montgomery County (AHCMC) recently named RKR Construction, located in College Park, the “2012 Builder of the Year.”
Miami Affordable Property Opens Fully Leased
Vista Mar, a 110-unit apartment community in Miami’s Wynwood neighborhood, has opened its doors.
Partners Acquire D.C. Mixed-Use Property for $26M
Urban Investment Partners and Infinity Real Estate have acquired a 114-unit apartment building in Washington, D.C. for $26 million.
LGBT Affordable Seniors Housing is First for Philadelphia
In a landmark decision for Philadelphia, the Pennsylvania Housing Finance Agency voted to provide a reservation of Low Income Housing Tax Credits, which will generate up to $11 million for the first LGBT-friendly affordable senior housing facility in the state.
Ground Breaks for Affordable Housing Property in Columbus
Ground has been broken for Franklin Station, a 100-unit affordable apartment property in Columbus that will serve elderly and special-needs homeless people.
CIS to Redevelop Distressed Apartments into Affordable Units
Community Investment Strategies has partnered with the township of North Brunswick to redevelop the distressed Oak Leaf Village Apartments into 183 new affordable apartment rental units.
Affordable Housing Crisis in Sacramento
In California’s Sacramento County, 54 percent of renters can’t afford to rent a typical two-bedroom apartment.