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Portugal Allocates $2.2 Billion to Build 33,000 Homes by 2030

Portugal Allocates $2.2 Billion to Build 33,000 Homes by 2030

by Phil Hall | Sep 13, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The government of Portugal is addressing a nationwide housing shortage by allocating $2.2 billion to construct approximately 33,000 homes by 2030. According a Reuters report, Portugal’s Infrastructure Minister Miguel Pinto Luz said 10,000 of the new homes will have...
Florida Apartment Tower Transitions from Market Rate to Affordable Housing

Florida Apartment Tower Transitions from Market Rate to Affordable Housing

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 208-unit apartment tower in Clearwater, Florida, that operated for 50 years as an affordable senior living complex before being turned into market rate housing that displaced its financially vulnerable residents is being transitioned into an affordable housing...
Sacramento Suburb in Settlement Over Affordable Housing Construction

Sacramento Suburb in Settlement Over Affordable Housing Construction

by Phil Hall | Sep 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom’s office has reached a settlement with the Sacramento suburb of Elk Grove regarding the creation of new affordable housing. The Associated Press reported the city will need to identify a new site for affordable housing by July 1, 2025,...
Community Preservation Partners Acquires San Diego-Area Affordable Housing Complex

Community Preservation Partners Acquires San Diego-Area Affordable Housing Complex

by Phil Hall | Aug 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Community Preservation Partners (CCP), an affordable housing preservation developer, has announced its acquisition and planned renovation of Lexington Green Apartments, an affordable housing complex in El Cajon, Calif. CPP’s total development investment is...
Square Financial Services Launches Grant Initiative for Utah Community Development

Square Financial Services Launches Grant Initiative for Utah Community Development

by Phil Hall | Aug 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Square Financial Services, a Utah state-chartered industrial bank and an independently governed subsidiary of the fintech Block Inc. (NYSE: SQ), is now accepting applications for the 24 Squared grant initiative in partnership with the Community Foundation of Utah. The...
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