Affordable Housing
TODAY'S DEALS: MG Properties Buys Reno Asset for $27 Million
MG Properties Group buys a 324-unit asset in Reno, Nev.; FHLBank awards affordable housing grants for 59 projects; and Madison Realty acquires $28.7 million in non- and sub-performing loans.
RealPage Releases Public Housing-50058 Functionality for Affordable Housing Property Managers
RealPage, announced its public housing-50058 functionality for OneSite® Affordable customers, enabling property owners to expand the use of their OneSite Affordable application within their public housing portfolio.
$500 Million Development Project Confirmed for North London Neighborhood
In a joint statement at the beginning of February, England-based Tottenham Hotspur Football Club and Haringey Council have reiterated their commitment towards the Northumberland Development Project.
Private Equity Investor Snaps Up Maryland Affordable Housing Property
Tryko Partners has acquired Perrywood Garden, a 184-unit affordable housing property in the outskirts of Aberdeen, a small city near the confluence of the Susquehanna River and Chesapeake Bay.
Patty Rouse, Housing Visionary and Co-Founder of Enterprise, Passes Away at 85
Patricia “Patty” Rouse, the co-founder of The Enterprise Foundation, now Enterprise Community Partners Inc., and wife to the late James W. “Jim” Rouse has died at 85, Enterprise announced today.
LA Affordable Housing Development Opens on School District Land
Rio Vista Apartments, the first joint-use development in Los Angeles County that combines affordable housing and an Early Education Center on school district surplus land, has opened.
MHN Interview: NYU's Furman Center's Surprising Data on Subsidized Housing
New York University’s Furman Center for Real Estate and Urban Policy was recently awarded the MacArthur Award for Creative and Effective Institutions. MHN interviewed Furman Center co-director Ingrid Gould Ellen on the Furman Center and what surprising data their research revealed about subsidized housing.
Honolulu to Market City-Owned Affordable Housing
The City and County of Honolulu has selected CBRE Group to market its entire portfolio of affordable rental housing communities, with the intention of transitioning ownership of the housing to private ownership.
Yardi Beacon Released as New Affordable and Public Housing Solution
Yardi announced its general release of its new Yardi Beacon software for smaller affordable housing property managers and public housing authorities.