NEW YORK, NY — Governor Andrew M. Cuomo announced the completion of the new 96-apartment Azalea Village Phase Two, a $21.6 million affordable housing development for seniors in the Town of Webster. All tenants in the CDS Housing Azalea Village development can take advantage of services at the adjacent Wolf Life Transitions Center, which provides recreation, training, employment and volunteer opportunities, and an indoor therapy pool.
"Quality and affordable housing is criti
No Charles Dickens here, just the opinions of a land use lawyer with opinions about how best to solve an affordable housing shortage. Start by comparing Seattle and Vancouver, close neighbors in different countries. Most of the newly constructed housing in Seattle is of the “luxury” rental type. In Vancouver, for-sale condominiums dominate the market. Why? Canada carefully manipulates housing affordability, principally by eliminating certain tax advantages which make apartmen
Manhattan, NY — Bethesda, MD — Walker & Dunlop, Inc. announced that it structured a $93,925,200 loan with the United States Department for Housing and Urban Development (HUD) for Polyclinic Apartments. The Section 8 property provides affordable housing units to tenants in the Hells Kitchen neighborhood in New York City, one of the most expensive areas of the country.
The Walker & Dunlop team, led by Chris Rumul, arranged the financing via HUD’s 223(f) program for Standard Co
Philadelphia, PA— Brandywine Realty Trust (Brandywine) announced a $5.6 million job creation and community engagement program as part of Phase I of its Schuylkill Yards development in University City. In developing this program, Brandywine worked collaboratively with neighborhood groups and stakeholders to create Philadelphia’s largest and most innovative neighborhood engagement initiative to date. Through a combination of direct program implementation and grant funding, this