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HUD offers relief to multifamily mortgage holders
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Today, the U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid
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Jonathan Rose buys 217-unit affordable apartment building
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Affordable housing firm Jonathan Rose Companies has acquired Tower West Apartments, a 217-unit HUD-regulated, partial Section 8, and New York City supervised
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Is it a support animal… or a wolf? New rules take stress out of pet screening
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The stress and strain of city living is driving more New Yorkers to share their home with outlandish pets they claim bring them “emotional support.
Debt & Equity
Changes in HUD regulations inject new life into reverse mortgages
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By Frank Melia, Business Development Manager, Quontic Bank It’s hard to recall a more beleaguered financial product than the reverse mortgage.
Deals & Dealmakers
NYCHA’s Olatoye pushing for culture change in ‘devalued’ housing agency
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Shola Olatoye is pushing to alter the work culture inside the nation’s largest public housing landlord. The chair and CEO of the New York City Housing
Debt & Equity
W&D locks in $94M loan to preserve Hells Kitchen homes
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Walker & Dunlop, Inc. structured a $93,925,200 loan with the US Department for Housing and Urban Development (HUD) for Polyclinic Apartments in Hells Kitchen.
Green Building
Three years after Sandy, progress continues in resilient NYC
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Since Superstorm Sandy overwhelmed much of the east coast in October 2012, New York City, along with its State and federal partners, has allocated more
Debt & Equity
Greystone provides $32M multifamily HUD loan
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Greystone announced it has provided a $32,272,000 HUD-insured loan to refinance Central Park Metropolis, a 304-unit multifamily property in Plainfield, Indiana.
Featured
Industry joins with city to slam plan to ban immigrants from public housing
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The city and the real estate industry has come together to rail against what they calls a callous government plan to throw families out of their homes
Construction & Design
Feds to oversee $1B NYCHA fix
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In what the Department of Housing and Urban Development (HUD) called an “unprecedented” deal, the federal government and the City of New York agreed on
Deals & Dealmakers
HUD steps in to help fix NYCHA
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In the wake of what is being described as systematic failures within New York City’s Housing Authority, NYCHA, the agency will cede much of its control
Featured
Affordable housing advocates promise renewed push in 2018
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A coalition of housing advocacy groups announced it will launch a new push in January to promote Housing Justice for All, a statewide campaign to pressure