by Kipp Gillian | Feb 19, 2025 | Affordable Housing
Massachusetts Housing Investment Corporation (MHIC) has closed its first Social Impact Fund. The fund raised $63.7 million in total equity, which funded nine developments totaling 342 affordable units across Massachusetts. “Our Social Impact Fund’s success is a...
by Kipp Gillian | Feb 19, 2025 | Affordable Housing
The City of Chicago, Chicago Housing Authority, Evergreen Real Estate Group and Latin United Community Housing Association have completed Encuentro Square Apartments , a two-building, $67.5 million development in Logan Square. The 89-unit complex at 3759 W. Cortland...
by Kipp Gillian | Feb 18, 2025 | Affordable Housing
LEDG Capital has commenced a $5.5-million renovation to modernize the Ridge Crest Apartments, an 84-unit affordable housing community in the Marine Villa neighborhood of St. Louis. The Industrial Development Authority of the City of St. Louis provided private activity...
by Kipp Gillian | Feb 18, 2025 | Affordable Housing
Continental Realty Group purchased the 107-unit Copper Point Apartments in Mesa, Arizona, for $24.6 million, or about $230,000 a unit. This is CRA’s fifth acquisition in the Phoenix market since 2016. Built in 1986, Copper Point features one—and two-bedroom...
by Kipp Gillian | Sep 6, 2022 | Affordable Housing
Green Oaks of Goshen. Image courtesy of Evergreen Real Estate Group Multifamily developer, investor and manager Evergreen Real Estate Group has topped off Green Oaks of Goshen, an affordable assisted living community for low-income older adults in Goshen, Ind. First...
