Prominence
Federal Home Loan Bank Awards $5.1 Million for Affordable Housing in Virginia
Atlanta–Federal Home Loan Bank of Atlanta will award $5.1 million to assist in the funding of 12 affordable housing developments in Virginia.
Affordable Housing Project Springs Up in Affluent L.A. Suburb
Neighbors were not initially receptive to Mirandela, a 34-residence affordable seniors housing apartment property, but the finished product has brought nothing but accolades.
Dolben Hires Two Property Managers
Woburn, Mass.–The Dolben Company, Inc. has hired two regional property managers, Tim Bostrom and Derek Olszanowski.
Berman Joins Ariel Property Advisors
New York–Jonathan Berman has joined Ariel Property Advisors as a vice president for investment sales with responsibility for multifamily and development properties in Brooklyn.
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.
HUD Awards LISC $19M to Bolster Nonprofits
New York–The U.S. Department of Housing and Urban Development has awarded the Local Initiatives Support Corporation (LISC) a $19.3 million Section 4 capacity-building grant to help community-based nonprofits lead affordable housing and economic development efforts in low-income communities.
Zillow Expands Zestimates to Include Rentals
eattle–Zillow has launched “Rent Zestimates,” a tool that can be used as a starting point for determining a home or apartment’s estimated monthly rent price, expanding on Zillow’s Zestimate home valuations.
Jamboree Awarded Grant for Special Needs Services
Irvine, Calif.–Jamboree Housing Corporation received a $15,000 grant as part of CSH’s Assuring Quality Initiative to assist residents living with permanent mental illness and to help end homelessness.
Q&A with Crescent Resources’ Todd Farrell
Todd Farrell, president of Crescent Resources Multifamily Development Group, talks to MHN about Crescent Resources’ foray into student housing.
RealtyJoin Launches Version 2.0 of Its Social Marketplace
Atlanta–RealtyJoin, a free interactive social and business-networking site for the real estate industry in the United States and Canada, has launched version 2.0.