$264 Million Redevelopment to Turn CUNY Dorm into Affordable Housing in East Harlem, NY
An increase in New York’s affordable housing inventory is coming with the announcement of a $264 million project at 1760 Third Avenue in East Harlem, transforming a former CUNY dormitory into 433 affordable units. Backed by state and city funding, the development will...
L+M Development Purchases Affordable Housing in CT for $41 Million, Plans for $17 Million Rehabilitation
L+M Development Partners is planning a $17 million renovation of Laurel Estates, a 276-unit low-income apartment complex in Waterbury, Connecticut, after its subsidiary, Laurel Estates Preservation LLC, successfully purchased the property for $41.25 million. The said...
KeyBank Finances $41.4M Senior Housing Redevelopment of First & Market in Pittsburgh, PA
KeyBank Community Development Lending and Investment provided $27 million in construction loan financing and arranged a $14.4 million permanent loan to transform the First & Market office building into 93 affordable senior housing units in downtown Pittsburgh,...
$141.3 Million Affordable Housing Bond Funding Invested for Oregon Counties
As a response to the housing affordability issues that the residents of Oregon are currently facing, Oregon Housing and Community Services (OHCS) has announced that it is investing over $141.3 million in bond funding which will be used to develop and preserve more...
$10 Billion Affordable Housing Bond Headed for California’s 2026 Ballot
Assembly Bill 736 and Senate Bill 417, both known as the Affordable Housing Bond Act of 2026, were recently introduced by Assemblymember Buffy Wicks and Senator Christopher Cabaldon, which would place a $10 billion affordable housing bond measure on California’s June...
FTK Construction Wins $13.7 Million Contract for Affordable Housing Project in Dallas, TX
FTK Construction Services has been awarded a $13,687,175 contract to rehabilitate the West Virginia Apartments, a 204-unit affordable housing community in Dallas, Texas. This marks FTK’s first project with April Housing, the property’s owner. Expected to be complete...
Ohio State Budget Proposal Earmarks $100 Million for Affordable Housing Development
In a step to address housing affordability issues, Ohio Gov. Mike DeWine’s proposed two-year state budget includes a $100 million investment in the Ohio Housing Investment Opportunity Program to increase the development of affordable housing, especially in rural...
Monarch Private Capital’s $275 Million HSBC-Led Bond Issuance for Affordable Housing
Monarch Private Capital has issued a $275 million bond which will be used to finance 58 affordable housing projects across Georgia, South Carolina, and Oklahoma. HSBC acted as the Sole Placement Agent for this asset-backed securities transaction. To repay the...
EDA Awards $64M Tax Credit for Jersey City’s Bayfront Housing Development
The first phase of Jersey City’s Bayfront housing project is advancing after the Economic Development Authority approved a $64 million tax credit award under the Aspire program. The Bayfront Promenade will add 210 rental units, with 74 designated as affordable...
Seattle, WA Commits $108 Million to Affordable Housing
Tackling Seattle’s growing housing needs and promoting long-term affordability, Mayor Bruce Harrell has announced that the city is committing a $108 million investment in affordable housing, which will come from Seattle's 2023 Housing Levy. This initiative will...