Affordable Housing
TODAY'S DEALS: HFF Lands $52M in Acquisition Financing for Texas Student Housing
HFF secures financing for two student housing acquisitions; and Tryko Partners nearly doubles its multifamily holdings in 2011.
Related Begins Renovation of N.J. Affordable Housing Property
Related Affordable is undertaking the renovation and preservation of 96 units of affordable housing in New Jersey.
NeighborWorks Network Exceeds 90,000 Affordable Rental Units
Rental units owned or managed by the NeighborWorks America network exceeded 90,000 as of the end of September, and the network invested more than $1.3 billion in rental housing during the fiscal year.
Laurel Street Acquires Crosland Affordable Housing Personnel, Projects
The newly formed Laurel Street Residential has bought the affordable housing development division of Crosland LLC for an undisclosed price.
Montana’s Franklin School Apartments Revitalized
Franklin School Apartments, a Great Falls, Mont. affordable multifamily property whose history dates to the early years of the 20th century, has benefited from energy-efficient upgrades, thanks to a financing solution recommended by Columbus, Ohio-based Lancaster Pollard Mortgage Co.
Tampa Workforce Housing Project Debuts with a Blend of the Old and New
Metro 510, a 120-unit workforce housing property in downtown Tampa, Fla., has made its debut, flaunting a design by Urban Studio Architects that successfully blends the contemporary with the historic.
Enterprise Launches Re-Designed Integrated Website
Columbia, Md. – Celebrating its 30th anniversary year, Enterprise Community Partners Inc., together with Enterprise Community Investment Inc. recently launched a new website that integrates a wealth of information and resources into one interactive and easy-to-navigate portal serving the housing and community development industry. Using the same URL and cloud computing, users are invited to experience the impact of Enterprise’s work across the nation through compelling images and powerful stories that highlight the organization’s expertise across multiple disciplines. Developers, investors, policymakers and many other community development partners will find the latest information, technical resources and tools they need. Innovative features …
Boston Suburb the Site of Newest Legacy Park Apartment
The Federated Cos. announced earlier this week that it has purchased a 12-acre site in Wilmington, and plans to construct an MGL Chapter 40-B mixed-income rental community featuring a total of 108 units, to begin pre-leasing in early 2013.
TODAY'S DEALS: HFF Brokers Disposition, Closes Loan Sales
HFF brokers Chicago sale, closes loan sales; Tryko acquires a 163-unit asset in Pennsylvania; and Boston Capital Finance closes two rehab construction loans in Arkansas.
Housing Property for Homeless Youth Completed in Detroit
Oakman Place Apartments, an affordable housing property for homeless youth and families, has opened its doors on Oakman Blvd. in Detroit.