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Blackstone Has Built A £700M Affordable Housing Business, And It’s Still Growing
News

Blackstone Has Built A £700M Affordable Housing Business, And It’s Still Growing

... to-rent sector, preferring to focus on affordable housing.  Rents in the affordable sector don’t rise as dramatically as in ... environment, it is also possible to add debt to affordable housing portfolios and produce returns that an opportunistic investor like ...

Aug 25, 2021
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Staff Shortages Are Slowing Affordable Housing Production, Preservation, Adams Official Says
News

Staff Shortages Are Slowing Affordable Housing Production, Preservation, Adams Official Says

... commissioner for development at HPD, said at Bisnow's Affordable Housing Summit last week at the New York Marriott Downtown ... government tax benefits aimed at spurring new housing development and preservation, namely Affordable New York, also known as 421a, ...

Aug 15, 2022
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A rendering of the mixed-use project planned next to the Congress Heights Metro station.
News

Long-Planned Office, Affordable Housing Project In Congress Heights Advances Under New Developers

... we’ve planned with Trammell Crow Company and the affordable housing units that NHT Communities will develop,” Standard President  ... a statement in support of the project, praising its affordable housing component.  The 179 apartments planned for the site ...

Jan 05, 2022
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HUD Dispenses $41.7M To Support Texas Affordable Housing
News

HUD Dispenses $41.7M To Support Texas Affordable Housing

... low-income households by funding the creation and preservation of affordable housing units. States are required to use 80% of ... contributions from Fannie Mae and Freddie Mac to finance affordable housing initiatives across the nation. Since the first wave of ...

Apr 21, 2021
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Chicago's Affordable Housing Crisis Could Escalate Next Year Even With A Vaccine
News

Chicago's Affordable Housing Crisis Could Escalate Next Year Even With A Vaccine

... could eventually draw more private investment into the affordable housing sector, experts say. Massive market-rate developments, ... extensive tax credit programs to create and preserve affordable housing, Jaeger said, including the California Tax Credit ...

Nov 18, 2020
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Blackstone To Buy AIG Affordable Housing Assets For $5.1B
News

Blackstone To Buy AIG Affordable Housing Assets For $5.1B

... though the seller didn't specify which portions of its affordable housing property portfolio will be part of the deal. "While ... Toronto-based single-family rental firm Tricon Residential. The affordable housing deal between BREIT and AIG came at the same time ...

Jul 15, 2021
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De Blasio To Restore $466M To Previously Slashed Affordable Housing Budget
News

De Blasio To Restore $466M To Previously Slashed Affordable Housing Budget

... investment than safe and livable communities, anchored by affordable housing. We’re proud to keep our affordability and ... at least 25,000 affordable housing units by 2020 when the coronavirus hit. Still, affordable housing developer RiseBoro CEO Scott ...

Oct 22, 2020
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Boston Councilors OK Elimination Of Parking Requirements At Affordable Housing Developments
News

Boston Councilors OK Elimination Of Parking Requirements At Affordable Housing Developments

... regarding parking minimums in an attempt to ease affordable housing development.  The city council Wednesday voted unanimously ... amendment earlier this year in response to three affordable housing developments that were halted by parking-related objections. ...

Oct 21, 2021
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 Council Members Claim SoHo Rezoning Needs More Affordable Housing Before Getting Go-Ahead
News

Council Members Claim SoHo Rezoning Needs More Affordable Housing Before Getting Go-Ahead

... rezoning plan that will make sure there is more affordable housing included in the plan, according to multiple reports. ... , centrally located neighborhoods where no new affordable housing has been built and no affordable units currently exist — we must do ...

Jul 22, 2021
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600 New Affordable Housing Units Approved In Rezoned Inwood
News

600 New Affordable Housing Units Approved In Rezoned Inwood

... plan to build two towers of commercial space and affordable housing in newly rezoned Inwood is moving forward. The development ... our development will focus on addressing the need for affordable housing,” Maddd Equities founder Jorge Madruga told Crain's. ...

Aug 23, 2021
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