Community Development

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.

Massive renovation of Bunker Hill public housing wins a key approval (Boston Housing Authority)

1.27.21

From The Boston Globe:

The long-planned remake of Charlestown’s Bunker Hill public housing complex could start later this year after the Boston Planning & Development Agency board approved zoning for a 2,700-unit mixed-income apartment and condominium development to replace 1,100 aging low-income apartments.

Yonkers Housing Complex Reaches Milestone (Municipal Housing Authority for the City of Yonkers)

1.13.21

From Affordable Housing Finance:

A major affordable housing redevelopment project reached another milestone with the closing on financing for 178 Warburton at The Ridgeway, a new $56 million mixed-income complex of 81 apartment homes in Southwest Yonkers, New York.

One of the largest affordable housing redevelopment projects in the region, the project is being developed by the Municipal Housing Authority for the City of Yonkers (MHACY) and The Community Builders (TCB).

NYCHA bangs out another affordable housing deal with private developer

1.13.21

From Real Estate Weekly:

The New York City Housing Authority (NYCHA), New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) announced today the closing of Twin Parks Terrace, a 182-units affordable housing development in the Bronx on NYCHA-owned land.

Construction is anticipated to start in January 2021.

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