Affordable Housing
NDC Launches New Equity Fund
The National Development Council has launched its 10th low-income housing tax credit fund.
141 Affordable Apartment Units to be Renovated in Connecticut
Related Affordable, a division of Related Companies, has announced that it will provide $3.7 million in renovations and upgrades for 141 affordable units in the River Run Apartments community.
Pullman Wheelworks Wins Financing for Rehab
Mercy Housing Lakefront and National Housing Trust/Enterprise Preservation Corp. have obtained financing for the rehabilitation of the Pullman Wheelworks, a 210-unit affordable housing apartment building on Chicago’s south side.
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.