Specialty Housing News
The latest trends, news and insights on affordable housing, senior housing and student housing.
Massachusetts Gov Signs $5.16 Billion Affordable Homes Act
In a historic move this month, Massachusetts signed into law the Affordable Homes Act, investing $5.16 billion in bond authorizations and tax credits to combat the housing crisis across the state. This landmark legislation is the largest investment in housing in the...
$500 Million Allocated Towards NYC’s Affordable Housing Plans
New York is taking another step in tackling the housing crisis as Gov. Kathy Hochul, along with Mayor Eric Adams and New York City Comptroller Brad Lander, recently announced a $500 million investment in the preservation and construction of affordable housing across...
$45.4 Million in Financing from KeyBank Boosts Affordable Housing in Oak Harbor, WA
Shelter Resources, Inc., a Washington-based affordable housing developer, has secured $45.4 million in financing from KeyBank Community Development Lending and Investment for its Camas Flats project in Oak Harbor. This development will offer 81 affordable housing...
Four Wisconsin Tribes Receive $20 Million Grant for Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) has recently announced the four Wisconsin tribes that will receive a portion of the $20 million in federal funding to support affordable housing development in their communities. This financial boost comes...
New Colorado Law Gives Local Governments Right of First Refusal For Affordable Housing Properties
A new Colorado law aimed at preserving the affordability of housing went into effect on August 7, 2024. HB24-1175 grants local governments the right of first refusal to purchase existing subsidized housing properties. With the new law, local governments will be given...
PACS Group Secures $260 Million Loan for Senior Housing Portfolio Acquisition
PACS Group, Inc.'s subsidiary has secured a $260 million loan to acquire a diverse portfolio of 16 senior housing and 22 skilled nursing facilities, totaling 2,713 beds across various states. The financing package includes a first-priority lien with an 8.5% yield and...
Graymont School in Alabama To Be Converted Into Senior Housing; Funded by American Rescue Plan
Birmingham City Council has approved an ordinance to convert Graymont School into affordable senior housing, with construction set to begin in late October. The project will create 101 units and will also be funded by a $3.5 million allocation from the city's...
Ziegler Secures $6 Million Financing for Senior Living Community in Pennsylvania
In a press release, Ziegler, as financial advisor, announced that it has successfully facilitated a $6,375,000 financing deal for Comprehensive Care Capital for the acquisition of a 114-unit assisted living and memory care community in East Norriton, PA, now renamed...
San Antonio Senior Housing Project Faces Uncertain Future After Developer Withdraws Zoning Request
Mission Road Apartments, an intended affordable senior housing project in South Side San Antonio, has stalled after Rise Residential, the Dallas-based property developer, failed to secure necessary competitive tax credits and withdrew its zoning change request. Rise...
FHLB Dallas Launches CANOPY Fund to Boost Affordable Housing and Economic Development
The Community Advancement through New Opportunities and Partnerships Yielding Results (CANOPY) Fund, which will offer low-cost, unsecured loan funds for terms of up to 10 years, has recently been introduced by the Federal Home Loan Bank of Dallas (FHLB Dallas). CANOPY...
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