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MassHousing Closes on $21.4 Million for the Refinancing and Extension of Affordability at the 103-Unit Wilkins Glen in Medfield

MassHousing has closed on $21.4 million in affordable housing financing to Beacon Communities LLC for the refinancing and extension of affordability at the 103-unit Wilkins Glen in Medfield. As part of the transaction, Beacon Communities will extend the current Section 8 Housing Assistance Payment contract on 82 affordable apartments at Wilkins Glen. ....

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Affordability Extended at Massachusetts Senior Development

Affordability Extended at Massachusetts Senior Development
housingfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from housingfinance.com Daily Mail and Mail on Sunday newspapers.

United States , Aaron Gornstein , Chrystal Kornegay , Ginnie Mae , Rockport Mortgage Corp , Ginnie Mae Joint Venture Initiative , Department Of Housing , Housing Administration , Affordable Housing , Bridle Path Apartments , Bridle Path , Assistance Payment , Rockport Mortgage , Multifamily Accelerated Processing , Federal Housing Administration ,

Partners secure $71M to acquire, preserve affordable Westchester rental

LIHC Investment Group and Silver Street Development Corporation have acquired a 134-unit low income housing development in Tuckahoe, NY, for $54.5 million
The joint venture secured $71 million in financing to acquire and preserve Marble Hall Apartments as affordable housing through at least 2060 while investing $5.78 million in upgrades and improvements over the next ten months.
“The preservation of Marble Hall guarantees the availability of affordable, healthy homes well into the future while providing peace of mind for our residents during a time of uncertainty for many American families,” said Andrew Gendron, Principal, LIHC Investment Group. “This deal was truly a team effort, from the sellers to the many public and private partners who rolled up their sleeves to make this intricate transaction a reality. We applaud all parties for working to ensure our existing stock of affordable housing is both protected and improved.” ....

New York , United States , Westchester County , Village Of Tuckahoe , Town Of Eastchester , Nixon Peabody , Sylvester Zawadzki , Omayra Andino , Chris Poulin , Delbello Donnellan Weingarten , Andrew Gendron , Greg Luisi , Coo Development Corp , School District , York State Division Of Housing , Architectural Team , Department Of Housing , Us Bank , Westchester County Industrial Development Agency , Industrial Development Agency , Rockport Mortgage Corporation , Community Renewal , Essex Associates , Investment Group , Energy Star Qualified , Lihc Development ,

Affordability Extended at NYC Elderly Housing Development

Affordability Extended at NYC Elderly Housing Development
housingfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from housingfinance.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Nixon Peabody , Donald Manning , Rockport Mortgage Corp , Housing Management Services For The , Department Of Housing , Housing Administration , Far Rockaway , Urban Development , Rockport Mortgage , Federal Housing Administration , Management Services , New York City , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , நிக்சன் பீபாடீ , டொனால்ட் மானிங் , ராக்போர்ட் அடமானம் கார்ப் , வீட்டுவசதி மேலாண்மை சேவைகள் க்கு தி , துறை ஆஃப் வீட்டுவசதி , இதுவரை ராக்அவே , நகர்ப்புற வளர்ச்சி , ராக்போர்ட் அடமானம் , மேலாண்மை சேவைகள் , புதியது யார்க் நகரம் ,

Rockport closes on $74M refi' to upgrade Queens senior housing

Rockport Mortgage Corporation has closed a $74.5 million FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, a 512-unit HUD-subsidized property for the elderly located in the Far Rockaway neighborhood of Queens, NY.
The property consists of two 17-story elevatored buildings and is owned by JASA Corporation and managed by JASA Housing Management Services for the Aged.
Israel Senior Citizen Housing I and II was constructed in 1966 and developed for elderly housing under HUD’s Section 202 Direct Loan Program.
The property had previously been refinanced under the FHA’s Section 223(f) Loan Program.  The development has benefited from a total of four Project-Based Section 8 Contracts covering 481 units. An additional 30 units are rent restricted by the original HUD Section 202 Use Agreement. ....

New York , United States , Linda Pellegrino , Nixon Peabody , Donald Manning , Housing Management Services For The , Resident Services Coordinator , Rockport Mortgage Corporation , Loan Program , Far Rockaway , Management Services , Project Based Section , New York City , Rockport Mortgage , Real Estate , Senior Vice President , Forsyth Street Advisors , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , லிண்டா பெலெக்ரீநொ , நிக்சன் பீபாடீ , டொனால்ட் மானிங் , வீட்டுவசதி மேலாண்மை சேவைகள் க்கு தி , குடியிருப்பாளர் சேவைகள் ஒருங்கிணைப்பாளர் , ராக்போர்ட் அடமானம் நிறுவனம் , கடன் ப்ரோக்ர்யாம் ,