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Standard Communities Creates Affordable Housing For The 'Missing Middle'

Standard Communities creates affordable housing in some of the priciest locations in America, ensuring that essential workers can live in dignified and affordable homes. Some of the states on Standard Communities’ roster include California, New York, Rhode Island, Hawaii, and the Carolinas choosing these particular locations not because they are easy, but because they are hard. The ‘Missing Middle’ ....

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Boulder County Public Health releases guidance regarding air quality, debris after Marshall Fire

The health department has set up air monitoring stations throughout the burn area to track potentially harmful particles in the air ....

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US Customs head confirmed, Latvia trims WHOIS data and trademark offers Cambridge Analytica clues: news round-up

In our latest round-up, we look at how a trademark scammer has rebranded, how a trademark may offer clues on the company that has hit headlines across the world, Cambridge Analytica, and much more. ....

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Standard makes $38M bet senior housing in Atlantic City

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In its first acquisition in New Jersey, Standard Communities, the affordable housing division of Standard Companies, has acquired Baltic Plaza Apartments, a 169-unit affordable senior community in Atlantic City. The total capitalization of this transaction is approximately $38 million.
Built
in 1982 and located at 1313 Baltic Avenue in Atlantic City, Baltic Plaza’s
units are supported by a Project-Based Section 8 Housing Assisted Payment (HAP)
contract.
Standard Communities completed this transaction in partnership with the U.S. Department of Housing and Urban Development (HUD) and the New Jersey Housing and Mortgage Finance Agency (NJHMFA). The transaction was financed with Low Income Housing Tax Credits (LIHTC) arranged in partnership with PNC Bank, with additional financing provided by Citibank. ....

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Affordable Housing Preservation Project in Washington, D.C. Receives $22 Million in Financing via Walker & Dunlop

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Affordable Housing Preservation Project in Washington, D.C. Receives $22 Million in Financing via Walker & Dunlop
February 16, 2021 GMT
Walker & Dunlop Logo
BETHESDA, Md., Feb. 16, 2021 /PRNewswire/ Walker & Dunlop, Inc. announced today that it structured $21,900,000 in financing for the acquisition and substantial renovation of an existing 42-unit affordable housing property with an additional four new construction units. The property, Ritch Homes Apartments, is located in Washington, D.C., one of the most high-cost markets in the country. All of the property’s units were previously subject to a Section 8 HAP contract that was at risk of expiring and threatened this project’s affordability. Together, with the United States Department of Housing and Urban Development (HUD), the D.C. Housing Finance Agency (DHCFA), and Walker & Dunlop, the sponsor, Standard Communities, ....

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