What does one of the hottest technology companies in the world have to do with affordable senior housing? According to an article in Novogradac’s Journal of Tax Credits entitled “Google’s Investment in Affordable Housing Gets Results”, Google Inc.’s first low-income housing tax credit (LIHTC) investment will benefit over 200 of California’s seniors looking for affordable […]
Category: Tax Credits
Wayland Village Senior Apartments in West Baltimore recently celebrated its groundbreaking with representatives from federal, state and local government as well as Enterprise Homes, Inc. and partners Wayland Baptist Church CDC and Bon Secours Baltimore Health System. Wayland Village will feature 89 affordable rental apartments for low- and moderate-income seniors and for disabled adults. The […]
U.S. Senator Maria Cantwell (D-WA) recently introduced legislation aimed at increasing the use of the low-income housing tax credit that hopes to reinvigorate the development of low-income housing. The Job Creation and Affordable Housing Act, co-sponsored by Senators John Kerry (D-MA) and Barbara Boxer (D-CA), would jump-start private investment in the Low Income Housing Tax […]
The Texas Department of Housing and Community Affairs (TDHCA) announced a funding award of $500,000 in funds to developers constructing the 92-unit Abilene Senior Village Apartments which will help finance five units designed for low income senior citizens with disabilities. The award was made through the Department’s HOME Investment Partnerships (HOME) Program, funded through the […]
State Farm Insurance Cos. announced this month that it is expanding its commitment by $25 million with the National Equity Fund (NEF).The increased capitalization of the fund will help revitalize low-income communities by financing affordable housing for disadvantaged families and seniors. State Farm has joined forces with NEF, a nonprofit syndicator of low-income housing tax […]
The Board of Directors for Alaska Housing Finance Corporation recently announced that it approved an $846,000 mortgage loan to Lumen Park Associates for a 20-unit low- to moderate-income independent senior housing project to be located in South Anchorage, Alaska. The facility will consist of a three-story building comprised of eight one-bedroom apartments and a dozen […]
Representatives from Cedar Rapids, Iowa and the surrounding areas celebrated the groundbreaking of the Cedar Crest Apartments last week. The newly constructed community of 45 homes for seniors age 55 or older is located on a 2.1 acre site that features the redevelopment of a three-story historic farmhouse into community space for residents with a […]
Enterprise Community Investment, Inc. (Enterprise) and National Community Fund I, LLC, an affiliate of United Fund Advisors, LLC, recently closed on a $22.3 million New Markets Tax Credit (NMTC) transaction that will finance the new construction of the Harrison Circle Building at the Morris Heights Health Center (MHHC) in Bronx, N.Y. The 48,700-square-foot building will […]
Last month, the New York State Office of Parks, Recreation and Historic Preservation Commissioner Carol Ash announced the recipients of the 2009 New York State Historic Preservation Awards that recognized Park Lane Apartments at Sea View, Former Nurses’ Residence of Sea View Hospital, Staten Island, for an outstanding adaptive use project and commitment to community […]
CPC Resources, Inc. and Rockland Housing Action Coalition recently celebrated the grand opening of the Spring Valley Senior Apartments which is part of the a comprehensive urban renewal plan to revitalize downtown Spring Valley. The $18 million project, which was co-developed by CPC Resources and Rockland Housing Action Coalition, features 53 rental apartments affordable to […]
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