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A rendering of the Northern Virginia skyline with the planned Amazon HQ2 buildings.
News

Amazon Commits $125M To Fund Affordable Housing Near Metro Stations

... in America, and Amazon’s funding will expedite affordable housing near transit reducing costs for both, while ... which stations the partnership plans to target for affordable housing development.  Metro has several existing joint development agreements ...

Jun 16, 2021
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NYCHA Strikes $60M Deal For Affordable Housing Project In Mott Haven
News

NYCHA Strikes $60M Deal For Affordable Housing Project In Mott Haven

... “We are excited to continue the legacy of fostering affordable housing options in the South Bronx, and look forward to ... coronavirus pandemic, with the borough’s heavy reliance on affordable housing and fewer transient renters likely giving it a boost and ...

Sep 29, 2021
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The Crystal House apartments at 1900 South Eads St. in Arlington.
News

Amazon Makes $40M Land Donation Near HQ2 For 550-Unit Affordable Housing Project

... to Arlington County to help build a 550-unit affordable housing project.  The move comes after Amazon in January ... House to Arlington County for the creation of additional  affordable housing, Amazon is reinforcing its strong commitment to ensuring that ...

Jul 13, 2021
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Philadelphia's Affordable Housing Plan Comes Into Focus: 1,000 Single-Family Homes On City Land
News

Philadelphia's Affordable Housing Plan Comes Into Focus: 1,000 Single-Family Homes On City Land

... start using its portfolio of vacant land for affordable housing production. On Thursday, multiple city officials and ... streak of policies from council that largely encouraged affordable housing through regulation rather than economic support, which private ...

Apr 29, 2022
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New Schools, Affordable Housing And Waiting For The FBI: The Latest In Prince George’s County
News

New Schools, Affordable Housing And Waiting For The FBI: The Latest In Prince George’s County

... and Red Roof Inn hotels will be converted into 300 affordable housing units. In August, Bisnow reported on plans for the site ...

Oct 19, 2023
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In Portland, Cross-Laminated Timber And Thoughtful Design Combine To Create a New Type Of Affordable Housing
News

In Portland, Cross-Laminated Timber And Thoughtful Design Combine To Create a New Type Of Affordable Housing

... more than 30% of their gross income on housing. The city needs more affordable housing units — and the funding to make them a ... may surprise some people to see CLT used in an affordable housing project since many believe that this product is more expensive ...

Feb 02, 2022
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Arlington County Board Chair Katie Cristol and Amazon Head of Community Development Catherine Buell.
News

Why Amazon Is Doing Affordable Housing Lending, And Why HUD Is Using D.C. As A Model

... 125M in below-market loans to WMATA to finance affordable housing developments on Metro-adjacent land that the transit agency ... giants or the federal government, could help finance more affordable housing, developers say there are still too many local ...

Sep 02, 2021
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CVS Pharmacists
News

CVS Health To Expand Clinics, Pursue Investment In Affordable Housing

... clinic-like, CVS Health has also been investing in affordable housing developments nationwide in recent years, which the company characterizes ... strategy. In 2020, the company invested over $114M in affordable housing, up from $75M in 2019. The company's ...

Oct 05, 2021
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Boston's Sluggish Affordable Housing Development Pace Leading To Mounting Frustration
News

Boston's Sluggish Affordable Housing Development Pace Leading To Mounting Frustration

... don’t end after approval amid the affordable housing industry's wide-ranging financial challenges, including ... Boston, Mount Vernon Co. Chairman Bruce Percelay said affordable housing developers need relaxed zoning hurdles.  “The current permitting ...

Aug 26, 2021
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The U.S. Desperately Needs More Affordable Housing. What’s Standing In Its Way?
News

The U.S. Desperately Needs More Affordable Housing. What’s Standing In Its Way?

... : What are some factors driving the demand for affordable housing?  Lorin: Incomes for the working class have remained ... investing in workforce and affordable housing. Bisnow: What does the future of affordable and workforce housing look like?  Lorin: The ...

Oct 19, 2020
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