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The Urban Strategy America Fund Invests in 151-Unit Affordable Community
The Urban Strategy America Fund, a fund at New Boston Fund has closed on the permanent financing for the third financial rental phase of Olmsted Green, a community in Boston.
Carrfour Property Receives Grant to Create Urban Farm
The Health Foundation of South Florida has awarded Carrfour Supportive Housing, a major Florida affordable housing developer, a $28,800 grant to fund its Learning Kitchen and Farmer’s Market Training Program.
PRG Real Estate Acquires 200-Unit Community Near Charleston
PRG Real Estate has acquired Churchill Commons, a 200-unit garden-style apartment community situated on 10 acres of a serene park like setting in Summerville, S.C.
MHN Interview: Financing Supportive Housing for Veterans
KayBank recently provided $5 million in Low Income Housing Credit to finance a supportive housing development for veterans called Cadence Square in Canandaigua, N.Y. MHN speaks to Kevin Nowak, national equity investment manager for Key Community Development Corp., a part of KayBank, about this transaction, as well as the importance of enhanced-use leases.
Student Housing Near Central Connecticut State Sells
Campus View Apartments in New Britain, Conn., has traded hands for $4.72 million. The property is a 63-unit student-housing community at the entrance to Central Connecticut State University.
DeBartolo Opens Phase I of $40M Luxury Community
DeBartolo Development LLC recently announced the opening of The Retreat at Windermere, a multifamily community in Windermere, Fla., that is the first phase of vertical construction for Summerport Village, a 196-acre mixed-use development.
MHN Interview: The Key to Bridge Lending
Walker & Dunlop recently provided more than $73 million to borrowers through its Interim Loan Program. MHN talks to Sandor Biderman, senior vice president of Walker & Dunlop, about this program and what type of communities the company is interested in investing in going forward.
Passco Acquires $28M N.C. Community
Passco Companies LLC has made a $28 million acquisition. The company acquired Encore at the Park, a 280-unit community one mile from North Carolina’s Research Triangle Park in Durham, N.C.
Arts-Oriented Seniors Housing Completed in Long Beach
Long Beach Senior Arts Colony, a development of Meta Housing Corp., has been completed. The property is a new-construction TOD with 200 units designed to provide affordable housing for seniors.
Jersey City’s Laguna Apartments Opens for Leasing
Laguna, a 158-unit new-construction apartment, has opened for leasing.