Affordable Housing

Greystone provides $70M in financing for affordable housing in Chicago

Greystone has provided a $70.4 million Fannie Mae affordable housing loan for an apartment complex in Chicago. The permanent financing for Morningside North Apartments, 170…

Exploring the Lightfoot platform, part one: Affordable housing

Though the bull market that has charged out of the Great Recession continues apace, Chicago residents overwhelmingly voted in progressive candidates during the April elections,…

Modular construction facility opens on Chicago’s Southwest Side

Skender cut the ribbon today on their advanced manufacturing facility in Chicago's Little Village neighborhood. The factory will use the firm's fully-integrated process to turn…

Sterling Bay partners with Skender to bring modular affordable housing projects to Chicago’s West Side

Sterling Bay will build an 83-unit apartment building and 10 three-flats on Chicago's West Side, all offering affordable housing units, with another 100 or more…

CRE experts sound off on rent control in Illinois

For more than 20 years, a law on the books in Illinois has prevented any municipality from enacting rent control measures. But with the elections…

OhioMultifamily

Columbus’ RED Mortgage Capital adds affordable housing specialist

Columbus, Ohio-based RED Mortgage Capital has hired D. Edward Greene as Chief Underwriter for Affordable Housing. Greene joins RED from Freddie Mac, where he most…

Interra Realty brokers $7.8M sale of affordable housing portfolio on Chicago’s West and South Sides

Interra Realty brokered the $7.8 million sale of a 14-building, 289-unit portfolio of affordable apartments located primarily on Chicago's West Side. The buyer, Chicago-based real…

POAH acquires Chicago-area YMCA senior housing properties

Preservation of Affordable Housing (POAH) is acquiring six senior housing facilities financed by HUD and currently owned by YMCA Foundation entities. POAH will continue providing…

Co-located library/affordable senior housing project opens in West Ridge

Evergreen Real Estate Group recently celebrated the grand opening of the Northtown Branch Library, located at 6800 N. Western Avenue in Chicago's West Ridge neighborhood.…

Assessing the multifamily sector, from deconversions to affordable housing

The multifamily sector is one of Chicago's most active asset classes right now. But there are still so many unknowns and evolving trends—from deconversion to…