From Multi-Housing News:
The Housing Authority of the City of El Paso has received a $21.5 million Freddie Mac unfunded forward commitment loan for the renovation of Jackie Robinson Memorial Apartments, a 186-unit affordable housing community in El Paso, Texas. Lument provided the 18-year financing with a low, fixed interest rate, three years of interest-only payments and a 35-year amortization schedule. The forward commitment bears a 30-month term with one six-month extension.
From the Columbus Metropolitan Housing Authority’s press release:
From Tap Into Jersey City:
The more than 75 year old Holland Gardens public housing project will be transformed into a regional model of what innovative public housing can accomplish, Mayor Steven Fulup and Jersey City Housing Authority officials announced Wednesday.
From The Oklahoman:
The Oklahoma City Housing Authority is preparing to replace the aging Towers Apartments, the only public housing downtown, as it begins an overhaul of its properties.
The first step begins with construction of Thrive, a 316-unit, five-story apartment complex to be built at NW 10 and Classen. Once completed, the complex will include ground floor retail, 38 affordable apartments, 140 assisted living units, and 138 one-bedroom replacements for the Towers Apartments.
From FreshWater Cleveland:
A collaboration between the City of Cleveland, Cuyahoga Metropolitan Housing Authority (CMHA), the Cleveland Municipal School District, and University Hospitals (UH), Churchill Gateway will be the first in a multi-phase development and will be constructed on the site of the former Harry E. Davis Elementary School at East 105th Street and Churchill Avenue in Glenville.
From the District of Columbia Housing Authority's press release:
The District of Columbia Housing Authority has partnered with Greenleaf District Partners, a team comprised of developers Pennrose, EYA and Bozzuto Group to begin negotiations on the redevelopment of the greater Greenleaf community, including Greenleaf Gardens, Greenleaf Senior, Greenleaf Additions, and Greenleaf Extension.
From the Yonkers Times:
One of the largest affordable housing redevelopment projects in the region reached another milestone with the closing on financing for 178 Warburton at The Ridgeway, a new $56 million mixed-income residential complex of 81 apartment homes in Southwest Yonkers that is being developed by the Municipal Housing Authority for the City of Yonkers (MHACY) and The Community Builders (TCB).
From 303 Magazine:
Since 1929, Pancratia Hall has stood on the Loretto Heights campus, which acted as a southwest Denver educational facility for more than a century. Now, after the hall has been vacant for years, developers have launched a project to convert the building’s dorm rooms, chapel, attics and even its gymnasium into affordable apartments that are both one-of-a-kind and state-of-the-art.
From the Miami Herald:
Seniors seeking affordable housing near art, barbecue and the Health District can soon look to Miami’s up-and-coming Allapattah neighborhood.
