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Nuveen JV buys 400-unit affordable apartment portfolio
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Asset management giant Nuveen has partnered Hudson Valley Property Group LLC (HVPG) to buy a 412-unit affordable apartment portfolio in Jersey City.
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Fairstead secures financing to convert former hotel
07
Fairstead has closed on over $79 million in financing to convert the former hotel building at 117 West 79th Street into affordable housing for seniors.
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Survey finds most Americans have no problem with low income housing in their back yard
07
The majority of Americans would say ‘Yes, in my back yard’ to affordable housing. Thirty-eight percent of homebuyers and sellers don’
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Affordable housing crisis: The problem we need to solve
05
There were a lot of positives for New York City in the last 10 years. Population rose as citizens from around the world flocked to our city;
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Cuomo, De Blasio unite on worries over expiration of 421-a
07
Governor Andrew Cuomo and Mayor Bill de Blasio haven’t agreed on a lot of things recently. They’ve sparred on issues involving income inequality
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Affordable housing shapes opinions on both sides of de Blasio’s re-election
05
Real estate trade groups applauded Mayor Bill de Blasio’s re-election last week, praising his record during a first term that saw a surge in new housing
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Apple creates $2.5B housing fund
07
Apple has unveiled a $2.5 billion plan to help ease Californiaʼs affordable housing crisis The tech conglomerate headquartered in Cupertino, CA, plans
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Jersey City puts luxury apartment developers on notice
07
Jersey City Council today approved a new zoning ordinance that will compel apartment developers to include affordable units in their projects.
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Jonathan Rose raises $525M from ‘impact investors’
07
Affordable housing developer Jonathan Rose Companies has closed on a $525 million impact acquisition fund with investors focused on climate change, poverty
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First affordable building opens in re-zoned East New York
07
B&B Urban and L+M Development Partners announced that the Linwood Park Apartments, a new affordable rental building in Brooklyn’s East New York neighborhood
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Report shows most affordable New York housing gets tax break
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By REBNY President John Banks REBNY recently analyzed publicly available data from the New York City Department of Housing Preservation and Development
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Industry needs to be less greedy if it wants to dig city out of housing crisis
06
The real estate industry needs to start building bridges if it hopes to help lift New York out of its housing affordability crisis. “We have to be less