by Kipp Gillian | Oct 16, 2024 | Affordable Housing
MassDevelopment has issued $45 million in tax-exempt bonds on behalf of BC Leefort Terrace LLC, an affiliate of Beacon Communities, which will use proceeds to redevelop the circa-1958 Leefort Terrace housing development in Salem, MA. The tax-exempt bonds were...
by Kipp Gillian | Oct 16, 2024 | Affordable Housing
New York Gov. Kathy Hochul said Wednesday that about 71,000 new apartments will be developed in New York City, including 21,000 affordable units, thanks to an extension of the construction completion deadline for the 421-a tax incentive program. The completion...
by Kipp Gillian | Oct 14, 2024 | Affordable Housing
Gortikov Capital said Monday it had acquired Samo Collection, an 11-building portfolio of 399 income- and rent- restricted affordable housing in Santa Monica for $120 million. The seller was not disclosed. The new ownership, which is based in Santa Monica, plans to...
by Kipp Gillian | Oct 10, 2024 | Affordable Housing
Housing Trust Group (HTG) and AM Affordable Housing closed on financing and commenced construction on Courtside Apartments II, a $58 million affordable apartment community comprised of 120 units in Miami’s historic Overtown neighborhood. Phase I wrapped up in 2016....
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...
