Property Types
Envisioning One Affordable Housing Program
I have a vision for affordable housing that one day our country will have a single affordable housing program: one program, one set of rules, one agency monitoring the program itself. A tremendous amount of work must take place before this vision would become a reality, but we are a step closer to addressing many of the issues that stand in its way.
TODAY’S DEALS: MAA Acquires 240-Unit Community in Alabama
MAA acquires a 240-unit upscale community in Alabama; Marcus & Millichap brokers the sale of a 30-unit community in Seattle; and Red provides $6.79M Fannie Mae loan for student housing.
New USC Property to be First LEED Platinum Student Housing
Los Angeles–A new student housing property at the University of Southern California opened with the distinction of being the only student housing in the country to be on track to earn LEED platinum certification.
KTGY Designs Eco-Friendly Foursquare Senior Living Property in Portland
KTGY Group is designing a green senior living community just outside of Portland, adding 132 units of affordable housing for active seniors.
KTGY Designs Eco-Friendly Foursquare Senior Living Property in Portland
Portland, Ore.–KTGY Group is designing a green senior living community just outside of downtown Portland. The $29 million apartment community will add 132 units to the city’s pool of affordable housing for active adults of 62 years and over.
Raymond James Tax Credit Funds Opens New California Office
Raymond James Tax Credit Funds, a national syndicator of affordable housing, has opened an office in Manhattan Beach, part of the Los Angeles area, which will be headed by RJTCF executive Kevin Kilbane.
TODAY’S DEALS: NorthMarq Arranges $17.9M Mortgage for Texas Community
NorthMarq arranges a $17.9 million mortgage for a Texas community; Triad Senior Living acquires a retirement community in Oklahoma; and Centerline commits $9.1M for former public housing project.
Affordable Apartments Preserved in Denver’s Santa Fe Arts District
Thanks to Denver’s unique Transit-Oriented Development (TOD) Fund, 16 affordable housing units have been preserved in the heart of the Mile High City’s Santa Fe Arts District, a six-block long enclave on Denver’s near west side.
AMCAL Receives Over $16 Million in CTCAC Funding
Agoura Hills, Calif.–The California Tax Credit Allocation Committee was awarded nearly $16.3 million to AMCAL Multi-Housing Inc., a builder of affordable and low-income housing. The funding was provided to help build three new communities across California.
New Jersey Affordable Seniors Project Gets Green Light
Lawrenceville, N.J.–The Planning Board of the Township of Florence, N.J., has approved plans for a 66-unit affordable seniors housing development in the township. The property will replace the dilapidated Marcella Duffy School building.