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Denver Voters Reject Plan to Boost Sales Tax to Fund Affordable Housing Projects

Denver Voters Reject Plan to Boost Sales Tax to Fund Affordable Housing Projects

by Phil Hall | Nov 6, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Denver voters rejected Mayor Mike Johnston’s effort to increase the local sales tax to support affordable housing projects. The Denver Post reported Ballot Issue 2R, which would have enacted a 0.5% sales tax increase that would add 50 cents to every $100 spent on most...
The Richman Group Closes Affordable Housing Tax Fund with $171.5 Million in Equity

The Richman Group Closes Affordable Housing Tax Fund with $171.5 Million in Equity

by Phil Hall | Nov 5, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Richman Group Affordable Housing Corporation, a Greenwich, Connecticut-based developer and syndicator of affordable housing, announced that it raised $171.5 million in equity for a multi-investor affordable housing tax credit fund. According to the company, the...
The BLVD Group Acquires New Hampshire Affordable Housing Community for $97 Million

The BLVD Group Acquires New Hampshire Affordable Housing Community for $97 Million

by Phil Hall | Oct 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The BLVD Group, a Los Angeles-based multifamily investment and development firm, announced its $97 million acquisition and planned renovation of Concord Royal Gardens, a 300-unit affordable housing community in Concord, New Hampshire. Originally built in 1970, Concord...
FHLBank Dallas Awards $78.9 Million for Affordable Housing

FHLBank Dallas Awards $78.9 Million for Affordable Housing

by Phil Hall | Oct 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $78.9 million in Affordable Housing Program (AHP) grants to 41 projects in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. The grants are designed to fund the creation or...
New Affordable Housing Development Approved in Ottawa

New Affordable Housing Development Approved in Ottawa

by Phil Hall | Oct 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Ottawa City Council has given permission for construction to commence on Odayanhaway (Little Village), a new sustainable transit-oriented infill development. Located on an underutilized parking lot adjacent to a light transit station and the Ottawa River, the...
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