Mayor Justin Wilson makes remarks at the Dec. 9 groundbreaking of The Waypoint at Fairlington.
Construction of The Waypoint of Fairlington officially kicked off Dec. 9 with a groundbreaking ceremony to celebrate the affordable housing development on the site of a former parking lot of Fairlington Presbyterian Church.
Mayor Justin Wilson was among those in attendance, which was limited to comply with current statewide COVID-19 restrictions. The city is pleased to support another affordable housing development made possible through the partnership of a nonprofit housing entity and a local faith community, which has embraced housing neighbors as part of its mission, Wilson said.
City Partners To Open Southern Knoll Affordable Apartment Community Downtown Inbox – WBIW wbiw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbiw.com Daily Mail and Mail on Sunday newspapers.
Lighthouse has wrapped construction on a new low income housing development in Oak Park and the first residents are moving in this month.
The $15.6 million Coolidge Place development is located just north of 8 Mile in the city and features 64 townhome and ranch-style apartments. One, two and three bedroom options are available at the new residential complex, which sits on a 4.5-acre site.
Itâs estimated that roughly 20,000 residents in Oakland County are rent burdened, meaning they pay more than 30% of their pre-tax income on rent, according to 2018 data from the Urban Institute. In the midst of the pandemic, that number has surely grown, said Ryan Hertz, president and CEO of Lighthouse.
MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage, part of Colliers International | U.S., recently closed a $20.5M HUD 221(d)(4) loan for financing for the substantial rehabilitation of Sycamore Ridge, a 220-unit multifamily affordable housing property located in Gainesville, Georgia.
The Borrower will be renovating the project at a cost of $12,885,333 using 4% Low Income Housing Tax Credits and tax-exempt bonds, as well as a HUD-insured first mortgage. The tax-exempt bonds were underwritten by Colliers Securities, an affiliate of Colliers Mortgage and part of Colliers International | U.S. The rehabilitation facilitates the revitalization of rental housing for families earning 60% or less of Area Median Income.
County planning commission advances housing project aimed at chronically homeless dailyprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyprogress.com Daily Mail and Mail on Sunday newspapers.