Affordable Housing
Renaissance Square Wins Sustainable Building Award from Maryland USGBC
Renaissance Square, a for-sale affordable housing community under development in Essex, Md., has earned a valuable distinction in Maryland’s sustainable housing development arena.
TODAY’S DEALS: SWA Group to Redesign 1700-Home Sunnydale Public Housing Community
SWA Group begins designs for transformation of 1700-unit Sunnydale public affordable housing; NorthMarq’s $19M refinance allows return of capital; and Akridge gets approval for Virginia mixed-use redevelopment.
Chicago Affordable Apartments Win Neighborhood Development Awards
Chicago–The 17th annual Chicago Neighborhood Development Awards recognized two North Side Chicago multifamily developments, one for affordable housing, the other for for-profit development.
Enterprise Named Freddie Mac Targeted Affordable Housing Lender
Columbia, Md.–Freddie Mac has given Enterprise approval to originate affordable multifamily loans nationally on its behalf.
AMCAL Completes Workforce Housing Development in Fresno
Fresno, Calif.–AMCAL Multi-Housing Inc., in partnership with the Foundation for Affordable Housing, has developed the 50-unit family workforce project Summer Hill Place in an area deeply in need of affordable housing.
TODAY’S DEALS: Phoenix Realty Group and MG Properties Acquire $53M Apartment Complex
Phoenix Realty Group and MG Properties have aquired a 402-unit community in Garden Grove, Calif., and JP Morgan Chase sells a 195-unit Sacramento apartment complex for $12.4 million.
Yonkers IDA Green-Lights Incentives for Modern Affordable Housing
Yonkers, NY–The Yonkers Industrial Development Agency has finalized a set of economic development incentives that will facilitate the construction of a seven-story, 77-unit affordable-housing apartment building in the city.
$26M L.A. Housing Project for Formerly Homeless and Incarcerated Opens Its Doors
Los Angeles–The dearth of accommodations for the formerly homeless and previously incarcerated is massive. The Dolores McCoy Villa in the Watts community of Los Angeles helps to fill that hole.
$26M L.A. Housing Project for Formerly Homeless and Incarcerated Opens Its Doors
Los Angeles–The Dolores McCoy Villa in the Watts community of Los Angeles helps fill the need for accommodations for the formerly homeless and previously incarcerated.
Historic Church Incorporated into Tampa Workforce Housing Design
Tampa–Sage Partners has started work on Metro 510, a 120-unit multifamily housing property that will incorporate the adaptive re-use of the St. Paul AME Church.