Affordable Housing
Boston Capital Announces Investment in Affordable Housing
Quality of life for low-income families in Virginia stands to be boosted as a result of new investment by the largest owner of apartments in the United States.
Density Bonus Law: Why Affordable Housing is Badly Needed in California
As the single-family home market continues to struggle, the focus on the multifamily sector has intensified. In order to make these projects financially feasible, California developers often rely on Government Code Section 65915, also known as the Density Bonus Law.
New N.J. Affordable-Housing Apartments Geared Towards Families
Community Investment Strategies Inc. has completely leased its newest affordable apartment-rental community in Woolwich Township. This is the first of three affordable communities to be completed in the area.
TODAY’S DEALS: UDR Completes $325M Purchase
The Moinian Group closes the sale of 95 Wall to UDR Inc.; Carrfour buys an affordable housing community in Miami; and NAI Tampa Bay closes multifamily development sites.
Envisioning One Affordable Housing Program
I have a vision for affordable housing that one day our country will have a single affordable housing program: one program, one set of rules, one agency monitoring the program itself. A tremendous amount of work must take place before this vision would become a reality, but we are a step closer to addressing many of the issues that stand in its way.
Raymond James Tax Credit Funds Opens New California Office
Raymond James Tax Credit Funds, a national syndicator of affordable housing, has opened an office in Manhattan Beach, part of the Los Angeles area, which will be headed by RJTCF executive Kevin Kilbane.
Affordable Apartments Preserved in Denver’s Santa Fe Arts District
Thanks to Denver’s unique Transit-Oriented Development (TOD) Fund, 16 affordable housing units have been preserved in the heart of the Mile High City’s Santa Fe Arts District, a six-block long enclave on Denver’s near west side.
AMCAL Receives Over $16 Million in CTCAC Funding
Agoura Hills, Calif.–The California Tax Credit Allocation Committee was awarded nearly $16.3 million to AMCAL Multi-Housing Inc., a builder of affordable and low-income housing. The funding was provided to help build three new communities across California.
New Jersey Affordable Seniors Project Gets Green Light
Lawrenceville, N.J.–The Planning Board of the Township of Florence, N.J., has approved plans for a 66-unit affordable seniors housing development in the township. The property will replace the dilapidated Marcella Duffy School building.
TODAY’S DEALS: HFF Closes $40M Sale in Chicago
HFF closes a $40 million affordable housing sale in Chicago; Red Stone Partners finalizes financing for a 760-unit community in Georgia; and Boston Capital invests in two affordable developments by USA Properties Fund.