Members Making News

Amazon adds another $150M for affordable housing in Seattle area (Tacoma Housing Authority)

1.10.23

From GeekWire:

Amazon will provide $150 million to build and preserve 1,700 units of affordable housing in Seattle and neighboring cities.

The new funding, announced Monday at a press conference with Seattle Mayor Bruce Harrell, will go to 10 nonprofit organizations to pay for low-rate loans and grants. It’s part of the company’s $2 billion Amazon Housing Equity Fund to support the increase in affordable homes in the regions of Seattle, Nashville, Tenn., and Arlington, Va.

Council approves $44 million in first, ‘transformational’ round of housing bond funding (Opportunity Home San Antonio)

1.10.23

From the San Antonio Report:

San Antonio City Council unanimously approved the city’s first batch of affordable housing bond funding on Thursday.

The $44 million, which includes some money from federal housing programs, will fund 14 projects across the city that will build or rehabilitate an estimated 2,532 housing units over the next five years.

CommonBond Kicks Off St. Paul Affordable Senior Housing (St. Paul Public Housing Agency)

1.10.23

From Multi-Housing News:

CommonBond Communities has broken ground on a 60-unit fully affordable senior housing project, The Lumin, in Saint Paul, Minn. The development team also includes Ryan Cos. as general contractor and Ryan A+E Inc. as civil engineer, while LHB Inc. provided architecture services. Completion is expected in 2023.

HACA President and CEO Honored with Key to City from Austin Mayor to Steve Adler

1.10.23

From the Housing Authority of the City of Austin's website:

Austin Mayor Steve Adler honored Housing Authority of the City of Austin President and CEO Michael Gerber for his work on expanding affordable housing in Austin by presenting him with a Key to the City.

Adler presented the key during his remarks at an event celebrating the groundbreaking for the forthcoming renovations of the Pathways at Rosewood Courts on Thursday, December 15, 2022.

Los Angeles Housing Authority purchases Crenshaw apartment complex to secure affordable housing for decades

1.10.23

From KLTA 5 Los Angeles:

The Housing Authority of the City of Los Angeles, aka HACLA, has completed a multi-million dollar purchase of an apartment complex in Crenshaw with a plan of keeping the rentals affordable for decades.

The property is the Residences at Woodlake, an apartment community located at 4555 W. Martin Luther King Jr. Blvd.

HACLA purchased the 276-unit property for a price of more than $76 million.

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