Affordable Housing
Washington Heights Property Receives $21.5 Million for Rehabilitation
A Washington Heights affordable housing building will receive $21.5 million in financing to fund extensive rehabilitation on the property.
TODAY’S DEALS: Affordable Green Project Opens in Newark
RPM’s LEED certified affordable asset opens; a $10 million mixed-use site hits the Miami market; and Johnson Capital’s Dallas office arranges bridge, acquisition and rehab loans in Texas and Kansas.
Senior Affordable Housing Apartments in Canton Receive $10 Million from AFL-CIO Housing Investment Trust
The AFL-CIO Housing Investment Trust has agreed to invest $10 million in the rehabilitation of the 144-unit Mayfield Manor Apartments, a senior affordable housing community in Canton, Ohio.
Ground Broken for New Affordable Housing Development in Santa Clara
The ROEM Corporation, along with Pacific Housing Inc. and the City of Santa Clara, recently broke ground on a $15 million project—a new affordable housing community in Santa Clara, Calif.
HIT Invests $11 Million to Revitalize Two Chicago Affordable Housing Developments
The AFL-CIO Housing Investment Trust, a fixed-income investment company, is providing $11 million to fund substantial rehabilitation of two Chicago-based affordable housing developments.
San Jose’s Cypress Gardens Re-opens Thanks to HACSC
The Housing Authority of the County of Santa Clara has rehabilitated and upgraded the 125-unit senior citizen housing community, Cypress Gardens, in San Jose, Calif., thanks to a creative partnering of public and private parties.
California Affordable Housing Fund Closed by WNC
WNC, a national investor in community renewal and affordable housing projects, has closed WNC Institutional Tax Credit Fund X, California Series 10. The $50 million multi-investor Low Income Housing Tax Credit (LIHTC) fund will finance eight affordable housing projects.
MHN Interview: Company Pledges $750,000 to Support Affordable Housing Development
Enterprise Community Partners recently announced it will offer $750,000 in grant support to fund supportive and senior housing development. MHN talks to Victoria Shire, deputy director, neighborhood initiatives, Enterprise, about this new initiative.
New Housing for Low-Income Seniors Breaks Ground Near Akron
Groundbreaking ceremonies were recently held for the AHEPA 63 Apartments, a new residential community for low-income older adults in Ohio.
Work Begins on Affordable Seniors Housing in Baltimore
Enterprise Homes has broken ground on the Greens at Irvington Mews, a 100-unit affordable housing development in Baltimore.