SAN FRANCISCO, CA - BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing for 40 years, has expanded its efforts to address increasingly unaffordable rents in the Bay Area with the acquisition of a multifamily housing community in Daly City. This is the third acquisition of a mixed-income community by BRIDGE in San Mateo County.
BRIDGE purchased the 195-unit Eaves Daly City complex from AvalonBay Communities and will preserve at least half of the units in.
NEW ORLEANS, LA - Advantage Capital, a leading impact investment firm, announced today the expansion of its senior leadership team with the addition of real estate and tax credit equity industry veteran, Lynn Ambrosy, as Managing Director. Ambrosy brings his leadership and vision to Advantage Capital to help lead a talented Capital Markets team working to expand the low-income housing tax credit (LIHTC) and renewable energy business lines within the growing firm.
“Lynn is an experienced.
DALLAS, TX - Elizabeth Property Group (EPG) has closed on the acquisition of a portfolio of six Low Income Housing Tax Credit (LIHTC) apartment properties located in Houston, Dallas-Fort Worth, Beaumont, Huntsville, Bryan-College Station, and Wichita Falls, TX. The portfolio totals 1,444 units of affordable housing with the capacity to house an estimated 3,000 tenants. Funds affiliated with American South Fund Management partnered with Dallas-based Elizabeth Property Group (EPG) to purchase and.
LOS ANGELES, CA - BH Properties (“BH”) has launched a new investment initiative into affordable housing with a goal of ultimately building a $1 billion portfolio of assets. The new initiative will be led by veteran affordable housing executive William “Bill” Stoll who joins the firm as Managing Director, announced company President Jim Brooks.
An adjunct to the firm’s value-add multifamily platform, the new platform will focus on low-income housing tax credit.
BUFFALO, NY - CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, announced the closing of Ellicott Park Townhomes. The 8.9-acre property consists of two non-contiguous parcels and is located at 10 Durham Court in downtown Buffalo, a few blocks from the main business district.
CPP’s total development investment is expected to be approximately $54.7M, with a total investment in renovations of $14.2M. Renovations are expected to be completed.