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CITIZENS HOUSING & PLANNING COUNCIL STUDY FINDS SIGNIFICANT QUALITY-OF-LIFE IMPROVEMENTS IN NYCHA PILOT PROJECT...

Citizens Housing & Planning Council (CHPC) today released an interim study examining an innovative New York City Housing Authority (NYCHA) pilot program that transferred management of six Section 8 properties to a new public-private partnership, Triborough Preservation Partners, making new capital funds available for repairs and introducing new property management.
DHCD

HPTF Financing Helps Preserve Affordable Housing Units in Shepherd Park

The DC Department of Housing and Community Development (DHCD) closed a loan agreement totaling more than $3.1 million that will help preserve 21 affordable housing units in Ward 4 for a tenant association invoking its purchase rights through the Tenant Opportunity to Purchase Act (TOPA). The funding was made available through the Housing Production Trust Fund (HPTF).
Mayor Muriel Bowser

Mayor Bowser Announces New Affordable Housing for Petworth

Mayor Bowser and the Office of the Deputy Mayor for Planning and Economic Development (DMPED) announced Victory Housing with Brinshore Development as the developer selected to redevelop the historic Hebrew Home at 1125 Spring Road, NW in Ward 4. The project will produce 187 residential units, with 80 percent of the units created as affordable housing for seniors and families.
Rainbow Housing

Reliant Group Management, LLC Selects Rainbow Housing as Service Provider for Affordable Community in...

Rainbow Housing Assistance Corporation (Rainbow), a Phoenix-based nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country, has been selected by Reliant Group Management as the service provider for La Palmilla Apartments, a 267-unit apartment complex located at 3838 West Camelback Road in Phoenix. The property was recently purchased by a new tax credit limited partnership sponsored by Reliant Group Management and will have all units restricted to households making 60 percent of the area median income.
Colorado Park

PALO ALTO HOUSING UNVEILS REVITALIZED AFFORDABLE HOUSING IN PALO ALTO

On August 17, 2017, Palo Alto Mayor Greg Scharff, City Council Members, and other local leaders gathered to celebrate the grand re-opening of Colorado Park Apartments, an affordable residential rental community developed by Palo Alto Housing (PAH).
Mercy Othello Plaza Now Open

Mercy Housing Northwest celebrates Grand Opening of transit-oriented development in Rainier Valley

Mercy Housing Northwest (MHNW), a non-profit affordable housing provider, announces the grand opening of its newest property, Mercy Othello Plaza, on Saturday, July 8, 2017 at 11:00 AM. Special guests presiding over the ribbon cutting ceremony include Dep. Mayor Hyeok Kim, County Executive Dow Constantine, Wayne Lau of Rainier Valley Community Development Fund and Mona Lee of Othello Park Alliance. Together with Mercy Housing board and staff, they are joined by new residents of Mercy Othello Plaza, partners/funders and members of the Othello neighborhood.

Mayor Bowser to Celebrate Historic Investments in Affordable Housing

On Friday, Mayor Bowser will join District leaders to celebrate a promise fulfilled: the unprecedented expenditure of $100 million from the Housing Production Trust Fund. The $100 million investment is supporting 19 projects that will create or preserve more than 1,200 affordable housing units. Since coming into office, Mayor Bowser has committed $100 million annually to the fund – more than any city per capita in the country.

Subcommittee Examines U.S. and U.K. Models for Affordable Housing

The Financial Services Subcommittee on Housing and Insurance held a hearing on Thursday entitled “The Future of Housing in America: A Comparison of the United Kingdom and United States Models for Affordable Housing.” This hearing is part of a series undertaken by the subcommittee to assess affordable and rental housing programs 50 years after the creation of the U.S. Department of Housing and Urban Development

Community Investment Strategies Holds Ribbon Cutting Ceremony for Bloomfield Affordable Senior Housing Community

State, county, and local officials joined Community Investment Strategies, Inc. (CIS) for a ribbon cutting ceremony to unveil Heritage Village at Bloomfield – an 82-apartment affordable 55-plus housing community in Bloomfield, Essex County that serves seniors on a fixed income.

The Bonifant at Silver Spring Opens in March; Lottery Held Nov 25 for 149...

Active seniors 62+ who want to live in downtown Silver Spring at The Bonifant have the opportunity to pre-qualify November 18-24 and secure their opportunity to apply for an apartment home in the 11-story mixed-income high rise. The $44 million development at 929 Bonifant Street is scheduled to open in early March, right next door to the new Silver Spring Library. It will offer the rare combination of affordability and convenience for residents, in addition to 6,300 square feet of retail space on the first floor.

To Address the Nation’s Affordable Housing Crisis, Norton Introduces Amendment to Fully Fund Section...

ongresswoman Eleanor Holmes Norton (D-DC) will introduce two amendments to the House fiscal year 2016 Transportation, Housing and Urban Development Appropriations (THUD) bill. One Norton amendment would fully fund existing Section 8 Housing Choice Vouchers by replenishing 67,000 Section 8 Housing Choice vouchers that were cut due to sequestration.

National Low Income Housing Coalition CEO Testifies before the House Subcommittee on Housing and...

National Low Income Housing Coalition (NLIHC) President and CEO Sheila Crowley testified today before the Subcommittee on Housing and Insurance of the House Financial Services Committee at a hearing titled, “The Future of Housing in America: Increasing Private Sector Participation in Affordable Housing.”

Affordable Housing Pioneer Set to Speak at Rainbow Housing’s Event

PHOENIX - April 30, 2014 - (RealEstateRama) -- Rainbow Housing Assistance Corporation, a nonprofit organization that provides service-enriched housing programs throughout the country, has selected affordable housing icon David A. Smith, whose work has impacted thousands of residents in 12 countries, to address Rainbow’s Annual Service Awards on May 1 in Phoenix.

State Invests Federal Tax Credits to Boost Affordable Housing Construction

CHICAGO - October 23, 2012 - (RealEstateRama) -- Nearly 700 affordable rental apartments will be built across Illinois, increasing housing opportunities for working families, seniors and people with special needs and disabilities, thanks to the allocat...

The Chicago Community Trust Awards $231,000 in Grants for Affordable Housing

CHICAGO, IL - October 8, 2012 - (RealEstateRama) -- The Chicago area’s largest regional grant maker, The Chicago Community Trust, today announced $231,000 in grants to advance affordable rental housing.

Preservation Housing Management adds Business Development Director

Boston. MA - July 25, 2012 - (RealEstateRama) -- Preservation Housing Management, LLC (PHM) the property management company of nonprofit Preservation of Affordable Housing (POAH) has named Kevin Baptista Director of Business Development.

Mayor Vincent C. Gray Focusing Resources on Affordable Housing

WASHINGTON, DC - February 23, 2012 - (RealEstateRama) -- Mayor Vincent C. Gray today announced the re- formation and leadership of a task force that will help him shape a comprehensive housing strategy for the District of Columbia.

Mayor Vincent C. Gray Focusing Resources on Affordable Housing

WASHINGTON, D.C. - February 22, 2012 - (RealEstateRama) -- WHAT/WHO: Mayor Vincent C. Gray, Congresswoman Eleanor Holmes Norton, Council Chair Kwame R. Brown, Ward 7 Councilmember Yvette Alexander and other government officials will break ground on The Nannie Helen at 4800, a mixed-use development featuring 71 affordable-housing units on Nannie Helen Burroughs Avenue NE.

Philadelphia’s Ascension Manor Celebrates Grand Reopening

Marlton, NJ - October 17, 2011 - (RealEstateRama) -- The Ukrainian Catholic Archdiocese of Philadelphia, along with its development partner, The Michaels Organization, today hosted a grand reopening and dedication ceremony of the newly revitalized Asce...

Meridian MS Celebrates Grand Reopening of Affordable Housing

Meridian, MS - October 5, 2011 - (RealEstateRama) -- The City of Meridian celebrated in grand style today—including a parade led by Mayor Cheri Barry—to mark the grand reopening of Frank Berry Courts, an outdated and obsolete public housing complex that has been dramatically transformed into a beautiful, modern, sustainable affordable housing community.

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2019.