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.
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.
HIT Invests $42M in St. Louis-Area Multifamily
St. Louis–The AFL-CIO Housing Investment Trust has provided nearly $42 million in financing for two multifamily developments in greater St. Louis.
Unfinished Part of Sterling Pointe Development in N.J. Trades Hands
Somerset, N.J.–Sterling Properties has sold 80 home sites at its over-55 property to K. Hovnanian Homes, which will build out the final phase of construction.
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.
Economy Watch: Good Job Growth in February
The U.S. Department of Labor reports that the economy added 192,000 jobs in February, bringing the unemployment rate below 9 percent, and productivity and retail spending are up as well.
Unfinished Part of Sterling Pointe Development in N.J. Trades Hands
Somerset, N.J.–Sterling Properties has sold 80 home sites at its over-55 property in Somerset County to K. Hovnanian Homes, which will build out the final phase of construction.
The Moderne Breaks Ground in Milwaukee
Milwaukee–Barrett Visionary Development broke ground this week on the Moderne, a mixed-use, 30-story tower in downtown Milwaukee.