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EquityPlus Completes "4% Floor" $16 Million Bond Sale To Finance Senior Citizen Affordable Housing And Community Wellness Center


EquityPlus Completes 4% Floor $16 Million Bond Sale To Finance Senior Citizen Affordable Housing And Community Wellness Center
A Major Victory for Residents of Affordable Housing and Thousands of Families Who Remain in Need of Housing.
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RICHMOND, Va., May 8, 2021 /PRNewswire/ EquityPlus LLC today announced the successful sale of $16 million in bonds issued by the Richmond Redevelopment & Housing Authority. Proceeds from the bond sale will finance renovations to the Shockoe Hill Senior Apartments, a 100 percent affordable housing complex owned by Capital Realty Group, and the construction of a new community wellness center for its residents in Richmond, Virginia. ....

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EquityPlus Completes


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RICHMOND, Va., May 8, 2021 /PRNewswire/ EquityPlus LLC today announced the successful sale of $16 million in bonds issued by the Richmond Redevelopment & Housing Authority. Proceeds from the bond sale will finance renovations to the Shockoe Hill Senior Apartments, a 100 percent affordable housing complex owned by Capital Realty Group, and the construction of a new community wellness center for its residents in Richmond, Virginia.
We are delighted to support Richmond s affordable housing efforts, said Avram Fechter, Managing Director of EquityPlus LLC. The success of this financing reflects the strength of the four-percent-floor bond market, resilience during these challenging times and, most importantly, a collective understanding of the urgent need to create and preserve affordable housing. ....

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Concordia Place tenants complaining about mice, mold and mildew get action after Rainbow/PUSH visit, rent strike


Concordia Place tenants complaining about mice, mold and mildew get action after Rainbow/PUSH visit, rent strike
Darcel Rockett, Chicago Tribune
© E. Jason Wambsgans/Chicago Tribune
Members of the Concordia Place Apartments tenants association meet April 15, 2021, with the Rev. Jesse Jackson, center, and members of the Rainbow/PUSH Coalition who are helping to intervene as residents seek to improve living conditions at the complex in Chicago s Eden Green neighborhood.
The smell of gas was unavoidable upon entering Deborah Lewis’ residence at Concordia Place Apartments, as was the sight of black mold around windows in her bedrooms and kitchen. Lewis hurried to check the knobs on her oven. ....

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