Property Types
Mixed-Income Apartment Property Pops Up at Long-Vacant Site in New Orleans
New Orleans–A parcel that had sat vacant in New Orleans for the last four decades is now home to the 49-unit Aloysius Apartments, a new $16.8 million mixed-income multifamily community developed by HRI Properties.
Renaissance Square Wins Sustainable Building Award from Maryland USGBC
Renaissance Square, a for-sale affordable housing community under development in Essex, Md., has earned a valuable distinction in Maryland’s sustainable housing development arena.
TODAY’S DEALS: SWA Group to Redesign 1700-Home Sunnydale Public Housing Community
SWA Group begins designs for transformation of 1700-unit Sunnydale public affordable housing; NorthMarq’s $19M refinance allows return of capital; and Akridge gets approval for Virginia mixed-use redevelopment.
Demand Pushes Value Companies to Pick Up Development Pace
Middletown, N.Y.–Renters snatched up residences at Value Companies’ recently completed The Point at Sutton Hill in a hurry, prompting the company to commence construction of The Point’s next set of buildings way ahead of schedule.
Chicago Affordable Apartments Win Neighborhood Development Awards
Chicago–The 17th annual Chicago Neighborhood Development Awards recognized two North Side Chicago multifamily developments, one for affordable housing, the other for for-profit development.
Enterprise Named Freddie Mac Targeted Affordable Housing Lender
Columbia, Md.–Freddie Mac has given Enterprise approval to originate affordable multifamily loans nationally on its behalf.
AMCAL Completes Workforce Housing Development in Fresno
Fresno, Calif.–AMCAL Multi-Housing Inc., in partnership with the Foundation for Affordable Housing, has developed the 50-unit family workforce project Summer Hill Place in an area deeply in need of affordable housing.
TODAY’S DEALS: Phoenix Realty Group and MG Properties Acquire $53M Apartment Complex
Phoenix Realty Group and MG Properties have aquired a 402-unit community in Garden Grove, Calif., and JP Morgan Chase sells a 195-unit Sacramento apartment complex for $12.4 million.
USD’s Coyote Village Becomes South Dakota’s First LEED Gold Residence Hall
Vermillion, S.D.–Coyote Village, a 550-bed student housing building at the University of South Dakota, has become the first residence hall in the state to earn LEED Gold certification from the U.S. Green Building Council.
Yonkers IDA Green-Lights Incentives for Modern Affordable Housing
Yonkers, NY–The Yonkers Industrial Development Agency has finalized a set of economic development incentives that will facilitate the construction of a seven-story, 77-unit affordable-housing apartment building in the city.