Page 14 - Project Based Section News Today : Breaking News, Live Updates & Top Stories | Vimarsana

GLEN ELLYN, IL - Affordable Housing Investment Brokerage (AHIB) is pleased to announce that Levy House, located at 1221 W. Sherwin Ave. in Chicago’s East Rogers Park neighborhood, has sold for $8,100,000. The brokerage firm partnered on the listing with Kiser Group so that the seller had the benefit of AHIB’s expertise in affordable housing and Kiser Group’s mid-market multifamily expertise in Rogers Park. Kyle Shoemaker, Managing Director of AHIB represented the buyer, Preservation of Affordable Housing (POAH), and seller, a non-for-profit. Levy House is a 57-unit, seven-story apartmen...

An architectural rendering of Peace Lake Towers in New Orleans, Louisiana. The construction scope encompasses enhanced security features and upgraded heating, cooling, mechanical and electrical systems. Additionally, the plan calls for the installation of a new roof, windows, and doors. Inside, crews will install energy-efficient appliances and eco-friendly materials for countertops and cabinets. "For seniors and persons with disabilities, affordable housing is critical. Since the supply of affordable housing for this population is declining while demand is increasing, we are proud to provide...

Rockport Mortgage Corporation has closed a $74.5 million FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, a 512-unit HUD-subsidized property for the elderly located in the Far Rockaway neighborhood of Queens, NY. The property consists of two 17-story elevatored buildings and is owned by JASA Corporation and managed by JASA Housing Management Services for the Aged.   Israel Senior Citizen Housing I and II was constructed in 1966 and developed for elderly housing under HUD’s Section 202 Direct Loan Program.   The property had previously been refinanced unde...