Ashford Landing, a 117-unit mid-rise affordable apartment development for independent seniors, celebrated its grand opening last week in Atlanta, Georgia.  The opening represents the second phase of a multi-phase redevelopment of a new mixed-use community, Brookleigh, on the site of the former Johnson Ferry East public housing project in north DeKalb County.  When the […]

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Devries Place Senior Apartments was recognized by the Urban Land Institute (ULI) as a 2009 Awards For Excellence:  The Americas winner for its efforts on land planning use, design and sustainability.  The 103 unit rental apartment homes located in Milpitas, California, near the southern end of San Francisco Bay, provides housing and amenities for low […]

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Rochester based not-for-profit PathStone Corporation recently celebrated the grand opening of CanalView apartments with government officials and residents, as well as the agencies and corporations that assisted in the transformation the three-acre site into a new affordable housing complex for senior citizens in the heart of the Village of Lyons.  Construction began in February 2008 […]

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The Washington, D.C.-based Affordable Housing Tax Credit Coalition recently honored The Meadows, a Rhode Island affordable housing development designed to meet the needs of low-income seniors, with the Charles L. Edson Tax Credit Excellence Award for senior housing.
The $20 million, 80-unit project involves the new construction of a two-story building offering one- and two-bedroom […]

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The Federal Home Loan Bank of San Francisco awarded $30.3 million in Affordable Housing Program (AHP) grants in the first round of the 2009 competition earlier this month. The AHP grants, awarded to 42 projects that address the unique needs of individual communities, will produce 2,558 affordable housing units in Arizona, California, Illinois, Nevada, […]

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Horizons at Indio, an affordable housing community developed by Urban Housing Communities (UHC) and Heritage Community Housing (HCH), celebrated its achievement of honorable mention in the senior housing category of the 15th Annual Charles L. Edson Tax Credit Excellence Awards program.  The Charles L. Edson Tax Credit Excellence Award is a national awards program presented […]

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As the world of finance continues to sputter, another area that is experiencing the “hurry up and wait” feeling is funding for not-for-profit projects.  A reader sent a story/link to the Center For Civil Society Studies at the Johns Hopkins Institute for Policy Studies that examines stalled projects from non-profits that contribute infrastructure services to […]

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The Alaska Housing Finance corporation (AHFC) announced that the AHFC board Tuesday approved loans totaling $1.5 million for the project known as Eklutna Estates Senior Housing that consists of a four-story, fifty-nine new units of affordable senior housing jn Anchorage.  The housing project will be located on Centennial Circle, approximately 3-1/2 miles northeast of the […]

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Last month, various community leaders and politicians joined Omni Housing Development, LLC, The Wesley Community, and Saratoga Springs Mayor Scott Johnson to celebrate the ground breaking on the $18 million rehabilitation of Embury Apartments.  Embury, a 200-unit affordable housing development for low-income seniors aged 62 and older, was originally constructed over 35 years ago and […]

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Cambridge Realty Capital Companies recently reported the firm processed 19.5 percent fewer loan origination requests during the first quarter of 2009 than it did for the same period last year. Cambridge Chairman Jeffrey A. Davis said the company reviewed 74 loan origination requests totaling $1.19 billion through the first three months of […]

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As money from the Department of Housing and Urban Development begins being distributed to housing agencies across the country, many local agencies and politicians are eager to demonstrate that stimulus money is being put to work quickly for important project for low and moderate income constituents.  Last week, leaders of the Tacoma Housing Authority held […]

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The Shelter Group recently celebrated its dedication ceremony for Park View at Emerson, a newly constructed residential community that is part of the larger 570 acre Emerson Master Planned Community. Park View at Emerson, an 80 unit affordable apartment community for adults ages 62 and better, welcomed its first residents in January 2009.  Park […]

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