Economy Watch: MBA Reports Fewer Homes in Foreclosure
MBA reports that mortgage foreclosures dropped in 1Q11; NAR reports that existing home sales dropped in April; and the Conference Board’s index shows leading indicators down in April.
Upscale Brooklyn Apartments Come to Market
New York–163 Washington Avenue, a 16-story glass tower in the Brooklyn neighborhood of Clinton Hill, has changed hands and is ready for occupants.
FS Energy to Make Energy-Efficiency Loans to Multifamily Properties
New York–FS Energy L.L.C. has partnered with two unnamed financial institutions to arrange for loans to residential buildings to make energy-oriented capital investments.
L.A. Multifamily Property Wins HUD Door Knocker Award
Los Angeles County–HUD has awarded Casa Dominguez, a 70-unit affordable housing property completed in 2009, a HOME Program Door Knocker Award.
L.A. Multifamily Property Wins HUD Door Knocker Award
Los Angeles County–HUD has awarded Casa Dominguez, a 70-unit affordable housing property completed in 2009, a HOME Program Door Knocker Award.
Harlem Low-Income Property Rehabilitation Complete
New York–In the last five years, Tahl Propp Equities’ Gateway I in Harlem has made a remarkable turnaround, with recent rehabilitation achieving a 91 REAC score.
Weinberg Foundation and Maryland to Fund Housing for the Disabled
Baltimore–The Weinberg Foundation and the state of Maryland have partnered to create the “Affordable Rental Housing Opportunities for Persons with Disabilities” initiative, the first of its kind in the nation.
Post Investment Group Breaks Ground on Metro Little Rock Apartments
North Little Rock, Ark.–Construction has begun on Riverside at Rockwater, a 264-unit apartment property that is part of a mixed-use redevelopment on the site of a former industrial facility.
New Artist Housing Fitted with Green Roof
Washington, D.C.–Volunteers are taking to the roof of Brookland Artist Lofts on Friday in Washington D.C. to add sustainable features to the property’s roof.
Knoxville Multifamily Development Wins HUD Accolade
Knoxville–The under-construction Residences at Eastport in Knoxville has been chosen by HUD as a Region IV Signature Project under the federal Sustainable Communities Initiative.