Northeast
Work Starts on 103-Unit NJ Affordable Project
Volunteers of America Delaware Valley is building the community, Centerton Village, in the township of Mount Laurel. Funded in part by NJHMFA, the project is slated for completion in May 2020.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in April 2019 in New York City.
Counter Capital Expands Philadelphia Portfolio
A joint venture of Dalzell Capital Management and Morning Calm Management, the partnership purchased 1501 Locust St. in Center City’s booming Rittenhouse Square neighborhood.
A Green Affordable Housing Lesson From the Bronx
Omni New York Co-Founder Eugene Schneur tells the story behind North America’s largest Passive House development and shares his views on New York City’s affordable housing market and clean energy ambitions.
Queens 269-Unit Condo Project Receives $30M Loan
Madison Realty Capital arranged the financing for Xinyuan Real Estate, which intends to use the funds to build a 17-story condo property with retail and common space components.
NYC Community Lands $42M Fannie Mae Loan
KeyBank’s Community Development Lending and Investment team has closed a second round of financing for the renovation of Twin Parks West, a 311-unit, 10-story affordable apartment property in the Bronx.
Boston-Area Community Lands $30M Financing
Working on behalf of Forest Properties, American Street Capital arranged the loan for the 111-unit Barclay on Beacon in Brookline, Mass.
Army Base Gets New Life as Affordable Housing Community
Pennrose is redeveloping the underutilized site of Camp Kilmer in Edison Township, N.J., into a low-income rental property with supportive services for military veterans, families and formerly homeless residents.
Caton Flats Affordable Project Breaks Ground in Brooklyn
The 255-unit community developed by BRP Companies will also house a revitalized and expanded Caton Flats Market, a city-owned cultural institution, along with office and community spaces.
JV to Bring Solar-Plus-Storage to LMI Communities in NY
The partnership aims to equip more than 2,500 regulated affordable housing buildings across New York City with solar and storage installations.