Affordable Housing
Ground Broken for Yonkers Workforce Housing
Yonkers, N.Y.–The Yonkers Industrial Development Agency, L+M Development Partners Inc. and the Greyston Foundation have broken ground on 49 North Broadway, an affordable multifamily housing development.
Affordable Housing Project in Suburban Seattle Obtains Financing
Kirkland, Wash.–Saint Andrew’s Housing Group has won financing for construction of Francis Village Apartments through $10 million in Low Income Housing Tax Credits.
HUD Experiences Cuts in FY11 Budget, Faces Uncertain FY12
Washington, D.C.–Now that the long-delayed fiscal 2011 federal budget has been settled by Congress, the impact on HUD can be quantified.
Historic Landmark Begins Transformation into Artist Lofts in New Orleans
New Orleans–It has been nearly six years since New Orleans was hit by a devastating hurricane, but the post-Katrina revitalization of the City continues and a former condiment factory is going to play its part.
Abode Begins Work on SoCal Affordable Seniors Housing Projects
Los Angeles–Abode Communities broke ground recently on two new affordable seniors housing projects in greater Los Angeles, Terra Bella in Bell Gardens and Hudson Oaks in Pasadena.
TODAY’S DEALS: HFF Closes 280-Unit Mid-Rise in Virginia
HFF closes the sale of a 280-unit property near Washington, D.C.; Johnson Capital arranges $20.5 million refinance for Calif. affordable housing; and Bernard Financial arranges $3.45 million loan for mixed-use property.
Bridge Housing Breaks Ground on Sacramento Affordable Housing
Sacramento–Bridge Housing has broken ground on Foothill Farms Senior Apartments in Sacramento.
TODAY’S DEALS: Cushman & Wakefield Sells Boston Area Apartment for $7.8M
Cushman & Wakefield brokers sale of 32-unit apartment near Boston; Boston Capital invests in to-be-built Texas affordable seniors housing; and Walker & Dunlop advances $21 million Freddie Mac CME loan for a just-stabilized property.
TODAY’S DEALS: IPA Sells $27.6M Property in Connecticut
IPA sells a 192-unit Connecticut property for $27.6 million; Cushman & Wakefield brokers a $14 million trade in Westchester, N.Y.; and NorthMarq arranges $15 million in combined first-mortgage financing.
Affirmed Housing Group Breaks Ground on Affordable Apartments in L.A.
Los Angeles–Affirmed Housing Group makes its debut in Los Angeles with the ground breaking on the 60-unit green property, Lotus Garden Apartments.