Community Development

Ribbon Cutting for STJ Senior Center is First of Many Projects to Come (Virgin Islands Housing Authority)


From the St. Thomas Source:

The cutting of a ribbon on Thursday to celebrate the reconstruction of a senior center on St. John had significance beyond that of an obligatory civic ritual.

More than three years after the devastating storms of 2017, Thursday’s event represents the culmination of hard work and collaboration among multiple territorial agencies, the federal government and the private sector to reach an important milestone.

Justice Housing Yakima acquires land for tiny homes project (Yakima Housing Authority)


From the Yakima Herald:

Justice Housing Yakima has taken another step in building Cottage Hill Village, a tiny homes project to house the homeless.

And the Yakima Housing Authority is helping make it happen.

Two years ago, Justice Housing agreed to buy 3.34 acres near Milroy Park to build the village.

Now, the Yakima Housing Authority has purchased about half the site from Justice Housing for a housing project of its own.

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.

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