Affordable Housing
Ground Breaks on Low-Income and Veterans Affordable Housing in N.J.
Newark, N.J.–Work has gotten underway on the Newark Clinton Avenue Homes, a project that will bring 56 affordable housing apartments for low-income and veteran families in Newark, N.J.’s South Ward.
Pension Fund Manager to Help Create 635 Union Jobs Via $50M Investment
Minneapolis–The AFL-CIO Housing Investment Trust continues to aid the creation of construction jobs and support affordable housing with a recent $50 million investment in a Minneapolis multifamily rehabilitation project.
Housing Affordability Still a Problem, Despite Price Drops
Housing has gotten increasingly difficult to afford in recent years, according to a report by the Center for Housing Policy, and cutting federal support would only exacerbate the problem.
Federal Home Loan Bank of Atlanta Awards $15.4M For Affordable Housing
Atlanta–The Federal Home Loan Bank (FHLBank) of Atlanta has awarded part of the funding under its 2010 Affordable Housing Program (AHP) to affordable housing developments in Florida and Georgia, a total of $15.4 million.
HUD Proposes Modest Cuts in Its Budget for FY12
Washington, D.C.–The U.S. Department of Housing and Urban Development (HUD) has released its proposed budget for the federal government’s fiscal 2012 (beginning Oct. 1, 2011), which it forecasts will be a net of about $43 billion for the year.
Development Team Chosen for Biggest NYC Affordable Housing Project in 40 Years
New York–The Hunter’s Point development will encompass 5,000 new housing units–75 percent of which will be reserved for low-, moderate- and middle-income families.
Development Team Chosen for Biggest NYC Affordable Housing Project in 40 Years
New York–The Hunter’s Point development will encompass 5,000 new housing units–75 percent of which will be reserved for low-, moderate- and middle-income families.
TODAY’S DEALS: Security Properties Acquires 276-Unit Property in Colorado
Security Properties acquires a 276-unit Denver-area multifamily complex; NAI represents buyer and seller in $16M sale; and Marcus & Millichap brokers the sale of a 126-unit assisted-living property.
David Reznick Provides Advice for Affordable Housing Developers
David Reznick, co-founder and chairman of the board of the accounting and tax advisory firm of Reznick Group, describes lessons affordable housing developers can learn as a result of this downturn.
Mixed-Income Apartment Property Pops Up at Long-Vacant Site in New Orleans
New Orleans–A parcel that had sat vacant in New Orleans for the last four decades is now home to the 49-unit Aloysius Apartments, a new $16.8 million mixed-income multifamily community developed by HRI Properties.