Community Development

Governor Newsom Announces Major Homekey Milestone: All 94 Sites Closing Escrow Ahead of Deadline


Nation-leading program participants close escrow on all 94 projects, representing 6,029 units of permanent housing for individuals experiencing homelessness

Homekey acquisition phase finishes on-time and under budget

All 51 awardees have also received at least one Operational Support Grant from philanthropic or General Fund sources


Logan Square LGBTQ-Friendly Affordable Housing Complex Now Open On Milwaukee Avenue (Chicago Housing Authority)


From Block Club Chicago:

A long-planned affordable housing complex marketed toward LGBTQ people has opened in Logan Square — about 18 months later than originally planned.

The John Pennycuff Memorial Apartments at 2033 N. Milwaukee Ave. brings 41 affordable housing units and 47 Chicago Housing Authority project-based units to a hot stretch of Milwaukee Avenue that has attracted several luxury apartment buildings in recent years.

Lument Provides $22M for Affordable El Paso Community (Housing Authority of the City of El Paso)


From Multi-Housing News:

The Housing Authority of the City of El Paso has received a $21.5 million Freddie Mac unfunded forward commitment loan for the renovation of Jackie Robinson Memorial Apartments, a 186-unit affordable housing community in El Paso, Texas. Lument provided the 18-year financing with a low, fixed interest rate, three years of interest-only payments and a 35-year amortization schedule. The forward commitment bears a 30-month term with one six-month extension.

Holland Gardens Redevelopment to Bring New Opportunities to Public Housing Residents (Jersey City Housing Authority)


From Tap Into Jersey City:

The more than 75 year old Holland Gardens public housing project will be transformed into a regional model of what innovative public housing can accomplish, Mayor Steven Fulup and Jersey City Housing Authority officials announced Wednesday.

Downtown Oklahoma City apartments set for replacement (Oklahoma City Housing Authority)


From The Oklahoman:

The Oklahoma City Housing Authority is preparing to replace the aging Towers Apartments, the only public housing downtown, as it begins an overhaul of its properties.

The first step begins with construction of Thrive, a 316-unit, five-story apartment complex to be built at NW 10 and Classen. Once completed, the complex will include ground floor retail, 38 affordable apartments, 140 assisted living units, and 138 one-bedroom replacements for the Towers Apartments.

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