Northeast
Boston Capital Invests in Affordable Housing in Upstate New York
A 72-unit multifamily development designed for families in Dryden, N.Y., will benefit from construction financing provided by Boston Capital.
Habitat for Humanity to Rehab Three Brooklyn Properties
Enterprise Community Partners and Habitat for Humanity New York City have closed on a $2.9 million loan that will enable Habitat-NYC to acquire and rehabilitate three distressed multifamily buildings in the Bedford-Stuyvesant neighborhood of Brooklyn.
NYC Property Tax Policies Favor Homeowners Over Renters, Report Finds
Owners of New York City’s large rental apartment buildings shoulder a disproportionate share of the city’s overall property tax burden, due to the fact they are subject to a higher effective property tax rate than owners of one- to three-bedroom homes.
Park and Urban Beach Revitalize New Jersey
New Jersey Governor Chris Christie and Richard LeFrak, chairman and CEO of the LeFrak Organization, announced the opening of Newport Green, a 400-acre mixed-use property, the latest development in Jersey City.
141 Affordable Apartment Units to be Renovated in Connecticut
Related Affordable, a division of Related Companies, has announced that it will provide $3.7 million in renovations and upgrades for 141 affordable units in the River Run Apartments community.
Solomon Purchases Two Rental Properties with Much in Common
Solomon Organization recently purchased two luxury rental communities, one in Lancaster, Pa., and the other in Pleasant Valley, N.Y., and will immediately begin to upgrade the communities’ apartments, landscaping and common areas.
Upper West Side Condo Project Picked for Boys & Girls Club Show House
The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.
Manhattan Multifamily Sales Jump in First Quarter
According to a report by Ariel Property Advisors, New York multifamily sales increased 34 percent in the first quarter of 2012.
Study Finds Boomers Unhappy with Traditional Retirement Communities
A recent study reveals that “traditional” retirement communities might become a thing of the past for boomers, unless some important changes are made.
LGBT Affordable Seniors Housing is First for Philadelphia
In a landmark decision for Philadelphia, the Pennsylvania Housing Finance Agency voted to provide a reservation of Low Income Housing Tax Credits, which will generate up to $11 million for the first LGBT-friendly affordable senior housing facility in the state.