Bank of America (BofA) donated two parcels of land in downtown Charlotte worth $7.25M for the creation of affordable housing developments. The Charlotte Housing Authority, BofA, the Charlotte Mecklenburg Library, and other property owners will work together to plan the redevelopment of the land parcels.
The Norfolk Redevelopment & Housing Authority (NRHA) is one of four finalists for a HUD Choice Neighborhoods Initiative Grant. If selected, NRHA and the City of Norfolk will use the $30M grant to transform Norfolk’s St.
The Sacramento Housing and Redevelopment Agency (SHRA) plans to issue up to $25 million in tax-exempt mortgage revenue bonds to fund the renovation of Cascade Village Apartments, a 74-unit low-income apartment complex in South Sacramento.
The Washington Post published an in-depth article about Washington, D.C.’s new Plaza West apartment complex, a high-rise featuring 50 units set aside for families of grandparents raising grandchildren, and the positive impact this unique co
Chicago Mayor Rahm Emanuel cut the ribbon on the latest two redevelopment projects that co-locate Chicago public libraries within Chicago Housing Authority mixed-income housing complexes.
San Antonio’s Historic Design and Review Commission gave conceptual approval to the San Antonio Housing Authority’s (SAHA) proposed 216-unit mixed income community near the Lavaca neighborhood. The complex will be built on the former site of SAHA’s Victoria Courts community at a cost of $45.6 million.
The City of Sacramento and the Sacramento Housing & Redevelopment Agency (SHRA) received a big boost in the planned $310 million revitalization of its Twin Rivers housing project into a modern, mixed-income community. The California Strategic Growth Council awarded a $23 million grant to the project, most of which will go towards a state-of-the-art light rail station adjacent to the community.
Architect magazine ran an in-depth feature on the Chicago Housing Authority’s Fannie Emanuel Apartments, a 180-unit apartment building for low-income seniors that reopened in 2017 after a top-to-bottom renovation.
Boston Mayor Martin Walsh, Boston Housing Authority officials, and other stakeholders joined Caritas Communities to break ground on 46 affordable housing units for low-income seniors. BHA donated the land for the new senior community to Caritas Communities.
Citizens Bank’s Community Development Group announced that it has provided $26 million in construction financing to help with the second phase of the Boston Housing Authority’s (BHA) Orient Heights redevelopment project. Phase II of the project broke ground in November 2018.