$64.2 Million Investment to Boost Affordable Housing in Boston, MA
In a step to address Boston's housing needs, Mayor Michelle Wu has announced that $64.2 million has been earmarked for the creation and preservation of 637 affordable housing units across eight Boston neighborhoods. The funding will support twelve mixed-income housing...
$263.2M LIHTC Fund to Advance Affordable Housing Development
Red Stone Equity Partners has closed its largest low-income housing tax credit (LIHTC) fund to date, the $263.2 million Fund 113, which is earmarked for the development and rehabilitation of 1,672 affordable housing units across 19 properties in 11 states. Fund 113...
$51 Million in Awarded for Affordable Homeownership Across New York
In support of Governor Kathy Hochul's $25 billion Housing Plan to create and preserve 100,000 affordable homes, the state leader has announced that $51 million in grants have been awarded, benefiting 1,060 households across New York. Made possible through programs...
Florida Tech to Build New 555-Bed Student Housing Complex
To meet the rising enrollment rate, Florida Tech is planning to build a six-story, 555-bed student housing complex atop the Southgate intramural sports field, which is expected to increase the campus’s housing capacity by 27%. The 212,000-square-foot facility will...
New Jersey Court Rules Against Towns Challenging Affordable Housing Mandates
Judge Robert Lougy, a New Jersey judge, has rejected a request from 26 towns to halt the state’s affordable housing process while their lawsuit challenging a new law outlining housing obligations continues. The towns, which sued in October, argued that the law...
$222 Million Affordable Housing Project Set to Break Ground in the Bronx, NY
Tishman Speyer’s TS Communities is moving forward with the development of 160 Van Cortlandt Park South, a $222 million 339-unit affordable housing project in the Bronx, New York, with financing secured through bonds, loans, and tax credit equity. The eight-story...
Madison, WI Awards $9.85 Million to Four Affordable Housing Projects
The City of Madison, Wisconsin, has awarded $9.85 million in Affordable Housing Fund loans to support four affordable housing developments as part of the city's goal to expand housing options and create over 250 affordable units. Applicants for this fund must meet...
$5.35 Million Investment Supports Affordable Housing in Pennsylvania
In a step toward solving Pennsylvania’s housing crisis, the state is investing $5.35 million through the HOME Investment Partnerships Program to support the rehabilitation of over 100 low-income, owner-occupied homes in eight counties. This funding is in furtherance...
Affordable Housing Project in Milwaukee County, WI Gets $3 Million Boost
Milwaukee County Executive David Crowley revealed $3 million in funding for a new $50 million development on the former Bucyrus campus at 1100 Milwaukee Ave. With construction set to begin in 2025 and completion expected in 2026, the project will feature 171 rental...
$25 Million Approved by Nevada State Infrastructure Bank for Las Vegas Affordable Housing Project
The Nevada State Infrastructure Bank has approved $25 million in financing for an affordable housing project in Las Vegas, Nevada. This funding will support the initial $57.3 million infrastructure phase of the Desert Pines Redevelopment Project, which will transform...