HUD_PublicHousing

Tax Incentives for Affordable Multifamily Housing

Betsy Kim |

Co-founders and principals of Standard Companies, Jeffrey E. Jaeger and Scott J. Alter, share key pointers on affordable housing.

Wells Fargo CRE Banker Joins Monarch Private Capital

Steve Lubetkin |

“I’ve seen firsthand the stimulus of tax credits on the affordable housing industry and how they help to create quality homes," says Monarch Private Capital's Sean Cammann.

HUD Approval Frees Up $616M for Irma Recovery, Affordable Housing

John Jordan |

In November, the State of Florida submitted a plan to HUD to address the damage caused by Hurricane Irma, which wreaked havoc in the Sunshine State in September 2017.

News

Developer Gets $55M Construction Loan For Mixed-Use Bed-Stuy Project

Betsy Kim |

Madison Realty Capital provides financing for the three-building complex.

City Agrees to Spend $2B More to Fix Public Housing Woes

John Jordan |

The Consent Decree, which is subject to the review and approval of the court, requires the appointment of a federal monitor and requires the city, to provide $1.2 billion of additional capital funding to NYCHA over the next five years, and $200 million every year thereafter until the problems are fixed.

$92.7M Modernization of Fox Hill Development Project Completed

Betsy Kim |

The 362 apartments on Staten Island will remain affordable for 40 years.

Newark Mayor's Affordable Housing Goals Bear Fruit in South Ward

Steve Lubetkin |

Radiant will spend $15 million to renovate the 209 units of affordable housing in five phases, over eighteen months.

SunTrust Commercial Real Estate to Sunset Pillar Financial Brand

Steve Lubetkin |

“We are seeing a lot of opportunities across our bank footprint and nationally, our multifamily lending base continues to be robust,” says Paul Woodworth, senior vice president and head of agency lending for SunTrust.

NYCHA Waives Right to Hearing to Challenge Lead Inspections

Betsy Kim |

A Manhattan judge is requiring emergency lead paint inspections in NYCHA apartments.

Greystone, Hallmark Partner on $169M GA Affordable MF Rehab

Steve Lubetkin |

The rehabilitation plan includes a fast-paced construction phase, estimated to be complete within 24 months, during which no residents are expected to be permanently displaced.