Envy Apartment

A nonprofit in Missoula is set to purchase 160 units of apartments next to the Clark Fork River in Missoula in order to preserve them as affordable housing . Homeword is currently in the process of buying the Creekside Apartments on East Broadway, which are currently owned by an out-of-state company. The apartments are currently available to people earning $27,720 or less annually, which is 60 percent or less of the area median income of $46,200 per person. However, the affordable restriction was set to expire in 2026, at which point the property would most likely have been converted into market rate rentals due to its desirable location. This would have made them "prime" for rent increases that would likely have caused the majority of residents to have to seek a place to live at lower rates elsewhere in an already competitive rental market , according to Homeword executive director Andrea Davis . “We know that rentals are in high demand here and there’s a significant ne...

CLOSE Groundbreaking took place for the new Toll Brothers Apartment Living on Corporate Park Drive in Harrison, Aug. 15, 2017. Mark Vergari/lohud Buy Photo A rendering of the planned Toll Brothers Apartment Living planned for 103- 105 Corporate Park Drive in Harrison, photographed Aug. 15, 2017. (Photo: Mark Vergari/The Journal News) Buy Photo HARRISON - The first apartment development  on the Platinum Mile broke ground Tuesday , marking the further transformation of the aged office park corridor . To make way for the 421- unit luxury apartment complex , to be known as Carraway, one of two vacant office buildings at the 10.35 acre site,  105 Corporate Park Drive , has already been razed. Following the groundbreaking ceremony , heavy equipment started crashing into the facade of the remaining building at  103 Corporate Park Drive . Buy Photo Work continues on demolition for the site of the planned Toll Brothers Apartment Living at 103- 105 Corporate Park Drive in Harrison, photo...

Most Americans are behind on their savings. The median amount the average American family has saved for retirement is just $5,000, according to a recent report from the Economic Policy Institute . Even among those nearing retirement age (age 56-61), the median amount saved is a mere $17,000. Also, while the cost of living in the U.S. varies depending on the area of the country, it's generally becoming more expensive to cover the basic necessities. Once you consider the costs of healthcare, long-term care, and other expenses you may incur during retirement, it may be more expensive than you think to retire comfortably. But who says you have to retire in the U.S.? With increasing healthcare costs , a shaky Social Security program , and rising home prices , it may be a good idea to pack your bags and consider moving abroad during retirement. Here are a few cities that may be a good choice for retirees looking for a more affordable lifestyle. Image source: Getty Images. 1. Kingston,...

You, too, can live with these beautiful people in the clouds ( additional fees apply ) Rents are going nowhere but up and wages aren't really going anywhere at all, so obviously this is as good a time as ever to play the housing lottery. Yes, even though I've argued many times that they should really call it the jack squattery since that's all I've ever won from it, I'd recommend you try to snag one of affordable apartments now available at 555Ten at Hudson Yards. The city's latest batch of affordable apartments come in two flavors of income bands. For people making 40% of the city's Area Median Income , there are 60 apartments ranging from $613/month to $875/month. To qualify, household incomes will have to come in somewhere between $22,903 and $44,280, depending on the size of your household. There are also a handful of affordable apartments available for people making 120 percent of AMI, or households making $68,709 and $132,840. Those 30 apartments ran...

It is one of the necessities in life, finding shelter. But who actually enjoys taking the time to search all over town for a perfect place that mandatorily fits into a budget? Anchorage isn't exactly the most expensive city around, but it's certainly not the cheapest. In a search for almost anything these days, most will likely turn to everybody's favorite modern resource , the Internet. Unfortunately, the online listing for Anchorage apartments is slim, and the information available for those apartments is even more feeble. The best and probably most accurate aid in an apartment search is an Apartment Finder catalogue , the small, detailed pamphlets found all over town in stores like the local supermarket and other retailers. The Apartment Finder names a variety of complexes citywide, lists apartments within most everyone's budget, and even provides maps for easy directions. And it can be acquired for every consumer's favorite cost: p...

Rents in the Vallejo area, while the lowest in the Bay Area, are rising faster than in most other places, even as the number of renters increase, driving some people out of the area, a new study found. A firm called Apartment List conducted the study to try and get a handle on the challenges renters face , spokeswoman Sydney Bennet said. “In the Vallejo metro, the number of renter households has increased by 30 percent since 2005,” she said. “However, there was insufficient data and research into the challenges renters face . To address this, Apartment List set up its data science program in 2014.” That research leverages proprietary rental unit and survey data, she said. “We also invest significant resources into gathering and analyzing Census and other publicly available data,” she said. The resulting study found that the Vallejo area’s 5 percent year-over- year rent increases , leads the national and state averages. The median monthly rent for a two-bedroom unit in Vallejo t...

ALBUQUERQUE, N.M. — An affordable housing project in Albuquerque’s Southeast Heights that has been in the works since 2015 officially opened Thursday . Described as a high- design urban infill site , the 89- unit Casa Feliz apartment complex is a $17. 2 million redevelopment project that received funding from four sources. The bulk came from $12.5 million in low- income housing tax credits from the New Mexico Mortgage Finance Authority . City support for the project, which is located in the International District, includes $2.8 million from the Affordable Housing Fund . The New Mexico Housing Trust Fund kicked in $1.5 million and $400,000 came through the Ventana Fund, a nonprofit organization administered by MFA. The development, which is located at 443 Española Street SE, consists of efficiency, one-, two- and three-bedroom apartments. Casa Feliz is reserved for families and individuals with incomes at 30 to 60 percent of the area median household income of $48,900. Twenty per...

At the ribbon cutting this month for the Wesley Village affordable housing complex in Garden Grove, Laura Archuleta couldn ’t resist referencing Joni Mitchell ’s 1970 environmental protest “Big Yellow Taxi.” Built on underused land that’s part of the Garden Grove United Methodist Church campus on Main Street, Wesley Village offered Archuleta , president of the nonprofit community organization Jamboree Housing Corp ., a chance to riff on one of Mitchell’s most famous lyrics. Where Mitchell sang “They paved paradise/And put up a parking lot,” Archuleta told about 300 people packed into the steamy church sanctuary on a hot afternoon that “Today we are going to learn how a group of dedicated organizations and individuals re-purposed a parking lot and put up a paradise.” Then she and others who spoke, including a single mom with six children who now reside at Wesley Village , told how the project became reality through a unique collaboration that involved the church, Jamboree and other...

Palo Alto Jane Huang, 29 Huang moved to Palo Alto with her parents at the age of four. She attended local high schools and Stanford University. Yet despite her hard work, the Palo Alto housing market is too challenging for her to foresee a future in her hometown. “I went to Stanford, I work as a software developer, I make a six-figure income, and I still have to live with three roommates,” Huang said. “What more can I do?” Huang isn’t worried about not being able to pay her rent, but she is worried about doing anything that might upset her landlord. “Landlords have a lot more power here than they used to,” she said. “They know how impossible it would be for their renters to find anything else locally.” While her concerns for herself are real and serious — “With the current housing market , I’m afraid I’ll have to live with roommates for the rest of my life” — she’s equally concerned about what the housing market means for the many Palo Altans who weren’t fortunate enough t...

Duval Mobile Home Park in southeast Houston has 182 lots." />EXPAND The Duval Mobile Home Park in southeast Houston has 182 lots. Stephen Paulsen Elizabeth Perez loves her trailer park . But if she's ever forced to move, at least she has a back-up plan. A chatty 45-year-old with a wide smile, Perez has lived at and managed the Trinity Duval Mobile Home Park in southeast Houston since 2008. Used mobile homes here typically sell for $12,000 to $38,000, depending on their size and condition, she says. She remembers one woman buying a home for just $2,000, using her IRS refund. The Duval Mobile Home Park first opened in the 1950s. It was purchased last year by Trinity Community Group , a trailer park management company — and Perez worried about the future of the park. “I kept thinking, ‘Shoot, they're going to want to tear it down,’” Perez said. “I was kind of scared.” The company promised it would keep the park operational , according to Perez. Still, Perez accepts...