Community Development

Columbus Metropolitan Housing Authority (CMHA) announces plan to issue $30M in general revenue bonds that will support creation of at least 500 new affordable housing units annually through 2025

4.7.21

From Columbus Metropolitan Housing Authority's press release:

The Columbus Metropolitan Housing Authority (CMHA) announced today it is issuing $30 million in general revenue bonds this year as part of a plan to develop or acquire a minimum of 500 affordable mixed-income units annually in Columbus through 2025.

Vancouver Housing Authority sees uptick in affordable housing construction

4.7.21

From the Vancouver Housing Authority's press release:

With 159 new units of affordable housing under construction and another 106 units set to start construction later this year, Vancouver Housing Authority is experiencing one of its busiest years yet.

“We’ve definitely upped the amount of projects,” said VHA Development Director Victor Caesar.

Noteworthy projects in the pipeline include:

First look at plans for phase III of the Jordan Downs redevelopment (Housing Authority of the City of Los Angeles)

2.10.21

From Urbanize Los Angeles:

In 2017, Los Angeles city officials joined with The Michaels Organization and Bridge Housing Corporation to launch the redevelopment of the Jordan Downs public housing complex in Watts.  In the five years that have followed, blocks of 1940s apartment buildings have been demolished, making way for an "urban village" with more than 700 homes, nine acres of park space, and a shopping center known as Freedom Plaza.

Fort Worth Stop Six Neighborhood will Soon have More Housing, Amenities and Job Opportunities (Fort Worth Housing Solutions)

2.10.21

From WBAP Radio:

The Fort Worth Stop Six Neighborhood will soon have more housing, amenities and job opportunities.

Demolition for the 1950s-era J.A. Cavile Place public housing community is underway to make room for a mixed-used development.

Sundt El Paso completes Sherman Housing renovations (Housing Authority of the City of El Paso)

2.10.21

From the El Paso Herald-Post:

Sundt Construction recently completed its renovation of the Housing Authority of the City of El Paso’s (HACEP) Sherman residential community.

“I’m proud of our team for showing resilience and preserving during these difficult times and placing a huge amount of importance on the job and end goal,” said Luis Licon, Sundt’s project manager. “The residents and their families now have the joy of a new home during these turbulent times.”

Red Oak Financial Provides $3M Acquisition Loan for Metro D.C. Apartments (District of Columbia Housing Authority)

1.27.21

From Connect Washington, DC:

Michigan-based commercial real estate finance company Red Oak Financial has provided a $2.8 million loan for Hunt Manor, a 15-unit apartment community in Washington D.C.’s Deanwood area. The financing was used to acquire the asset and provide capital improvements that encompassed the conversion of market-rate apartments to affordable housing as part of the District of Columbia Housing Authority’s (DCHA) Housing Voucher Program.

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