Affordable Housing
Work Commences on Groundbreaking Green Affordable Housing Project in Brooklyn
Brooklyn, N.Y.–Ground has broken on the first of a three-phase affordable housing project that will have the largest residential solar energy system in the state of New York.
When NIMBY Attacks
NIMBY opposition doesn’t always turn out against multifamily projects, but when it does, it typically puts a viable project on the defensive, which at the very least increases risk and costs. At worst, the project fails to receive political approvals. How you respond to the crisis will determine the project’s fate.
Ground Breaks on Southern California Community Designed for 21st-Century Seniors
Long Beach, Calif.–Work has gotten underway on the Long Beach Senior Arts Colony, a 200-residence affordable housing community in Long Beach, Calif., designed by architectural firm Studio One Eleven to tailor to the demands of today’s seniors.
Yonkers IDA Completes Incentive Packages for Four Multifamily Properties
Yonkers, N.Y.–The Yonkers Industrial Development Agency (IDA) has closed on financial incentive deals for 10 residential and commercial projects in that city last year, including a number of affordable housing projects. All together, the residential projects are expected to create 282 new units of housing.
Designing for Dignity
The goal of every program that seeks to alleviate homelessness is to provide the individual with both stable housing and a support net of services, the convergence of which is best realized in permanent supportive housing.
Fifteen Years in the Making, Oakland’s MacArthur Transit Village Breaks Ground
Oakland, Calif.–It has been a very, very long time coming, but work has finally gotten underway on MacArthur Transit Village, a massive, mixed-use transit-oriented development that will ultimately deliver 624 multifamily residences centered on a Bay Area Rapid Transit station and additional future transportation outlets in Oakland, Calif.
Toby Halliday Joins Stewards of Affordable Housing For the Future
Washington, D.C.—Stewards of Affordable Housing for the Future (SAHF) has announced the addition of Toby Halliday as executive vice president for policy and operations. Halliday will lead SAHF’s policy initiatives in addition to overseeing the organization’s operations and management. Halliday previously served as vice president for federal policy at the National Housing Trust (NHT), a SAHF member organization, for over three years. In this role he worked with Congressional and HUD leadership to promote the preservation and improvement of affordable rental housing, including testifying before Congress on these issues. Halliday coordinated and chaired the Preservation Working Group, a coalition of…
N.J. Multifamily Project Repositioned from For-Sale to Rental
Elizabeth, N.J.–Waters Edge Crescent of Elizabethport has made the transition from an uncompleted for-sale townhouse project to finished affordable rental apartments.
TODAY’S DEALS: Lee & Associates Moves 15-Unit Apartment Building for $2.5M
Lee & Associates sells a 15-unit apartment building for $2.5 million; Waterton Residential purchases 509 condo units at Lansbrook Village in Palm Harbor, Fla.; and Tikijian Associates handles the sale of a 88-unit property in Mooresville, Ind.
Evans Testifies on Behalf of NMHC, NAA before House Financial Services Committee
Washington, D.C.– Peter Evans, a partner at Moran and Company, testified on Capitol Hill on behalf of NMHC and NAA, urging the FHA to make changes that would expedite the multifamily mortgage application process.