AEGON USA Realty Advisors, LLC has announced the start of their management of a Low-Income Housing Tax Credit fund (Garnet LIHTC Fund XXV, LLC, “Fund”) for Google Inc. (“Google”) The first tranche of the Fund closed January 28, 2011 and includes a $28 million investment in two low-income housing developments in Minneapolis, MN (Riverside Plaza […]
Category: Tax Credits
Officials from the City of Chicago and local community members recently celebrated the grand opening of the the TRC Senior Village in Chicago’s Washington Park community. The 85,000 square foot independent living community features 70 one-bedroom apartments and is targeted for residents at least 62 years old and have an annual income less than 50 […]
This week the New Jersey Housing and Mortgage Finance Agency (HMFA) celebrated the dedication of 55 Harvey at Providence Square, a 53-unit affordable senior housing community located in New Brunswick’s Transit Village area. The new senior apartment community is a four-story building for low income residents in the area and is located next to the […]
Last month, officials from the state of Illinois joined with local community members to celebrate the ground breaking on 106 homes for low-income seniors in southwest suburban Bolingbrook, Illinois. Construction on the McKenzie Falls affordable apartments will create an estimated 130 jobs that will incorporate 42 existing unoccupied apartments and create an additional 64 apartments. […]
Enterprise Homes, Inc. recently announced that it has begun the construction on a 4.1 acre property in Anne Arundel County’s Brooklyn Park for a $14.5 million project consisting of 90 units of affordable rental housing for low- and moderate-income seniors. The Greens at Hammonds Lane, a four story building, is expected to open in summer […]
A few months back, SHN reported on Google getting involved with affordable senior housing and low income housing tax credits and Google continues to build its efforts in the area of affordable housing. U.S. Bancorp Community Development Corporation (USBCDC), a division of U.S. Bank, announced that it has arranged and will manage an $86 million […]
The Illinois Housing Development Authority (IHDA) last week celebrated the grand opening of 90 new affordable homes for seniors in south suburban Blue Island for the Senior Suites of Fay’s Point. IHDA provided a $2.2 million low-interest federal HOME loan and $1.6 million in federal Low-Income Housing Tax Credits to build the development and the […]
Last week, local dignitaries and area residents from the District of Columbia joined Treasurer of the United States Rosie Rios to celebrate the ground breaking of Vida Senior Residences. Vida Senior Residences will be available to individuals ages 55 and older who earn 50 percent or less than the area media income (AMI). The 36 […]
New York City Housing officials, SKA Marin and Local Development of Crown Heights recently celebrated the grand opening of Crown Heights Apartments, an eight-story affordable housing development in Crown Heights, Brooklyn. The complex offers 143 affordable rental units for low-income seniors and was constructed through HDC’s Low Income Affordable Market Place Program (“LAMP”). Crown Heights […]
The Illinois Housing Development Authority (IDHA) and Gundaker Commercial Group celebrated the opening of Wingate Manor, a state-funded affordable housing development for low-income seniors in Shiloh, Illinois. Wingate Manor, a 48-unit project, is part of a two-phase, master-planned senior community spanning 172 acres and was named Green Affordable Multifamily Project of the Year by the […]
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