AEGON and Google Announce LIHTC Investment Partnership

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 […]

Affordable Senior Housing Community Dedicated in New Brunswick, New Jersey

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 […]

Construction Starts on Affordable Senior Apartments in Bolingbrook, Illinois

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.  […]

New DC Senior Housing Project Breaks Ground

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 […]

NYC Housing Leaders Open New $40 Million Affordable Senior Housing Complex in Brooklyn

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 […]

National Award Winning Affordable Senior Housing Opens in Southern Illinois

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 […]