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Truist Allocates $15 Million to Fund Affordable Housing in North Carolina

Truist Allocates $15 Million to Fund Affordable Housing in North Carolina

by Phil Hall | Aug 11, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Truist Financial Corp. (NYSE: TFC) and Truist Foundation announced a $15 million program to support affordable housing in North Carolina. According to Charlotte-headquartered company, there will be a $15 million equity investment from Truist Community Capital in the...
Residential Property Development Announced for World Trade Center Site

Residential Property Development Announced for World Trade Center Site

by Phil Hall | Jul 31, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York Gov. Kathy Hochul announced a deal between the state and developers to build 5 World Trade Center, which will be the sole residential property within the 16-acre redevelopment project in lower Manhattan. The 900-foot-tall property will be constructed on the...
$91 Million Affordable and Supportive Housing Development Opens in the Bronx

$91 Million Affordable and Supportive Housing Development Opens in the Bronx

by Phil Hall | Jul 28, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York State Division of Housing and Community Renewal announced the completion of Williamsbridge Gardens, a $91 million affordable and supportive housing development in the Williamsbridge section of the Bronx. The new development consists of two eight-story...
HUD Debuts $85 Million Program for Removing Barriers to Affordable Housing

HUD Debuts $85 Million Program for Removing Barriers to Affordable Housing

by Phil Hall | Jul 27, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has unveiled Pathways to Removing Obstacles to Housing (PRO Housing), a new program that will provide $85 million in grants for communities to identify and remove barriers to affordable housing production and...
FHLBank San Francisco Awards $2 Million for Arizona Affordable Senior Housing Projects

FHLBank San Francisco Awards $2 Million for Arizona Affordable Senior Housing Projects

by Phil Hall | Jul 17, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is allocating $2 million in Affordable Housing Program (AHP) grants to a pair of Arizona projects designed to create 142 units of affordable housing for seniors. $1 million was awarded for the new...
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