Affordable Housing
HUD Awards LISC $19M to Bolster Nonprofits
New York–The U.S. Department of Housing and Urban Development has awarded the Local Initiatives Support Corporation (LISC) a $19.3 million Section 4 capacity-building grant to help community-based nonprofits lead affordable housing and economic development efforts in low-income communities.
Social Housing Program Paves the Way for Development in Brazil
The Minha Casa Minha Vida (My House My Life) program is one of the world’s most ambitious social-housing programs, aiming at building 3 million homes by the end of 2014 and reducing the housing shortfall for low-income Brazilians by up to 40 percent.
LISC Invests $1.1B in Low-Income Community Revitalization in 2010
New York–Last year, the Local Initiatives Support Corporation invested an aggregate $1.1 billion in grants, loans and equity to help give new life to low-income communities.
Boston Capital Invests in Virginia Affordable Housing Development
Stuarts Draft, Va.–Boston Capital Corp. has agreed to become the latest investor in the construction of Montague Terrace Apartments, an affordable multifamily development in Stuarts Draft, Va.
FHLBank Atlanta Pays $8.3M for N.C. Affordable Housing
The Federal Home Loan Bank of Atlanta has awarded $8.3 million to assist in funding 18 affordable housing projects in North Carolina.
TODAY’S DEALS: HFF Closes Sale of West Houston Community
HFF closes sale on Houston community; Boston Capital invests in Virginia affordable multifamily; and Jones Lang LaSalle markets an apartment property in Washington state.
SCLAD Plaza Breaks Ground in Suburban Miami
Hialeah, Fla.–Spinal Cord Living-Assistance Development has broken ground on SCLAD Plaza, an affordable housing property that will offer barrier-free housing to residents.
Habitat Company’s Mark Segal Talks Mixed-Income Development
Mark Segal, president and CEO of The Habitat Company, discusses the affordable and mixed-income programs that his team has in the works, as well as what’s happening with Chicago public housing.
TODAY’S DEALS: UDR to Enter Manhattan Market with $260.8M Acquisition
UDR enters a definitely agreement to purchase 10 Hanover Square; Walker & Dunlop closes a $9.6 million refinance loan; and Boston Capital invests in 96-unit affordable development in partnership with a nonprofit.
Enterprise Community Investment Wins More New Markets Tax Credits
Columbia, Md.–The U.S. Department of the Treasury’s Community Development Financial Institutions Fund has awarded Enterprise Community Investment Inc. an additional $62 million in New Markets Tax Credits.