Page 6 - Project Based Section News Today

The Portland Housing Bureau has awarded funding to three new projects with the remaining funds from Portland’s Housing Bond.

Residents at Forest Cove, a federally-subsidized apartment complex in southeast Atlanta, waited as their units crumbled around them with the hope of a planned renovation. Then, that fell apart too.

On Tuesday, the New York City Housing Authority (NYCHA) and New York City Housing Development Corporation (HDC) closed on the financing of three Permanent Affordability Commitment Together (PACT) transactions to fund comprehensive renovations for 5,226 apartments across six NYCHA campuses in Brooklyn: Williamsburg Houses, Linden Houses, Penn-Wortman Houses, Boulevard Houses,...

The private development team will renovate more than 2,000 apartments at Edenwald Houses.

Camber Property Group completes $105 million acquisition of three Project Based Section 8 affordable housing complexes formerly owned by Omni New York.

Deal secures 300 units of affordable housing at Grace Towers, Brooklyn, Target Apartments, Bronx and Madison Apartments in Manhattan

The only residential building at the World Trade Center will be 25 percent affordable — a real accomplishment, supporters say. Others insist it should be 100 percent.

NYCHA releases new Request for Expressions of Interest to attract developer to its Permanent Affordability Commitment Together (PACT) program

Sen. Marco Rubio wants HUD action on housing issues, including one Ocala apartment complex Austin L. Miller, Ocala Star-Banner © Austin L. Miller/Ocala Star-Banner Efforts to reach management at Ocala Place Apartments were unsuccessful. U.S. Sen. Marco Rubio has written a letter to the U.S. Department of Housing and Urban Development secretary asking her agency to inspect Florida residential properties that members of Rubios staff have described as unfit for families. In a...

LIHC Investment Group and Silver Street Development Corporation have acquired a 134-unit low income housing development in Tuckahoe, NY, for $54.5 million The joint venture secured $71 million in financing to acquire and preserve Marble Hall Apartments as affordable housing through at least 2060 while investing $5.78 million in upgrades and improvements over the next ten months. “The preservation of Marble Hall guarantees the availability of affordable, healthy homes well into the future whi...