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Multi-Housing News: Inside the February 2013 Issue

Read the articles from the latest digital issue of Multi-Housing News.

‘Green’ Bucks: Where to Find Them

Private institutions open the way for financing energy-efficient renovations.

Connecting with Lenders Online: Are You Making the Right Impression?

They are more willing to take a risk on those operators that have embraced technology. Is your team working smarter—not harder? The apartment owner with a robust platform has more time and money to spend on the asset.

NYC Gets its First Micro-Unit Community

New York Mayor Michael Bloomberg has selected Monadnock Development LLC, nArchitects and Actors Fund Housing Development Corporation’s proposal to build the city’s first micro-unit apartment building.

Rehab Complete on Suburban Dallas Affordable Property

Work has been completed on the extensive renovation of Britain Way, a 168-unit affordable multifamily property in Irvine that was originally built a half century ago.

Case Study: AMCAL’s Mission Apartments in San Diego Provide LEED Gold Workforce Housing

AMCAL Multi-Housing Inc.’s Mission Apartments, designed by Withee Malcolm Architects, is an excellent example of what can be achieved when the developer, city agencies and architectural team work together.

Beech Street Capital Refinances Seattle-Area Senior Housing Community

Beech Street Capital, LLC, a Bethesda, Md.-based mortgage banking company, has closed a $15.9 million
 Fannie Mae conventional seniors housing
 loan for Regency Pacific Community to refinance Regency Newcastle, a 
99-unit independent and assisted living
 community in Newcastle, Wash.

Economy Watch: Architects Billing More

Business conditions at architecture firms continue to improve, according to the the American Institute of Architects, which released its latest Architecture Billings Index on Wednesday. As a leading economic indicator of construction activity, the index reflects roughly a nine- to 12-month lag time between architecture billings and construction spending.

Demographics Update: The Growing Majority-Minority Population

As the nation’s demographic landscape continues to transform, it is interesting to look at this national trend and see how it plays out on a more local level. America is geographically a large country. And to that extent, minority populations still remain fairly concentrated. For example, 27.3 percent of all minorities can be found in just 15 U.S. counties.

Portland Affordable Housing Property Trades for $8M

Vitus Group has agreed to buy St. Johns Woods, an affordable apartment complex in Portland. The company will pay the seller, Home Forward, $8.25 million for the property.