Envy Apartment

Boston, MA  LIHC Investment Group, one of the nation’s largest owners of affordable housing, has donated its ownership stake in the Close Building to Just-A- Start Corporation , a community development corporation focused on the preservation and expansion of affordable housing opportunities in Cambridge and nearby communities. “Just-A-Start has been an invaluable partner in the Close Building, and under their stewardship the property will be preserved and maintained as affordable housing for tenants and the community for generations to come,” said Andrew Gendron, principal, LIHC Investment Group. “Quality, affordable housing is the foundation of healthy neighborhoods and this donation will allow Just-A-Start to continue and expand its mission in a very tight housing market .” “This generous donation assures the preservation of this property as affordable housing,” said Deborah Ruhe, executive director of Just-A-Start. “We will leverage this donation to support renovations and upgra...

A few dozen people spent their lunch hour Aug . 22 discussing City of Carmel projects as part of the Carmel Small Business Network . Carmel Mayor Jim Brainard spoke in the city council chambers about issues such as property taxes, debt and proposed projects such as purchasing an antique carousel and constructing a luxury hotel. Brainard told the group of business owners he’s sending his 2018 budget to the Carmel City Council and that he expects the tax rate to remain flat. He defended his plan to spend approximately $5 million to acquire an antique carousel built in 1907. “It will make it a more interesting visit to Carmel,” he said. Brainard also explained how it makes financial sense for the city to become part owners of a luxury hotel in the Carmel City Center area . He said most hotel chains wants to see big returns on investment, and the city is happier with smaller profit margins from the hotel because of what it will mean for economic development. “If we’re going to g...

Morningside Park, a Kushner Companies- owned housing complex , in Middle River, Maryland (Philip Montgomery for The New York Times) Maryland’s two U.S. senators and four of its U.S. House representatives , all Democrats, sent a letter today to the large real- estate company owned by the family of Jared Kushner, President Donald Trump ’s son-in-law and senior adviser, demanding information about the company’s management of 17 apartment complexes it owns in the state. The letter to Kushner Companies came in response to a May 23 article co-published by ProPublica and The New York Times Magazine investigating management practices at the rental complexes, most of which are in the suburbs of Baltimore, as well as an article this week in The Baltimore Sun that revealed additional details . The original story described the highly aggressive legal tactics that Kushner Companies has used to pursue tenants who owed back rent or had left their leases early — even tenants who left the complexes...

September 11, 2010 at 12:00 pm news By Kevin Plummer Every Saturday at noon, Historicist looks back at the events, places, and characters—good and bad—that have shaped Toronto into the city we know today. One Sunday evening in 1959, after a screening of the Toronto Film Society , architect Gerald Robinson and engineer/builder Irwin Burns chatted over coffee. The two shared a common viewpoint that the city’s urban core was in decline. The same was happening in cities across Canada as municipal governments were more interested in improving traffic and encouraging sprawl rather than revitalizing their downtown districts. The very next day, Burns heard from real estate developer Murray Webber that a lot with Bloor Street West frontage was going to become available for a hundred-year lease from Victoria University. “There,” Burns told Robinson , as he recalled in the Globe and Mail of October 18, 1963, “is the place to demonstra...

Property owners are costing the city of Madison millions of dollars by taking advantage of a loophole in a state law created in 2001. By registering the property as a limited-liability corporation, such as Steve Brown Apartments , LLC, rather than as a parcel of land, owners are allowed to sell property without filing the selling price with the city of Madison. The owner is then automatically exempt from real estate transfer fees and can easily avoid high property taxes because no sale price is recorded and the city does not know the property’s actual value. Shielding the actual value often results in an underestimation by the city of the property assessments and a lowering of the amount owners must pay in property tax. “It reduces taxes paid to Madison Area Technical College , the Madison School District and various entities on the property tax bill . Theoretically they’re getting away with not paying their fair share,” said City Council President Mike Verveer . Verveer said th...

Restaurant goers at Zinque, a food and wine bar at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> Restaurant goers at Zinque, a food and wine bar at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG) Shoppers gather to listen to a musician play at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> Shoppers gather to listen to a musician play at Lido Marina Village in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG) street sign inside Lido Marina Books guides customers to the genre they are looking for in Newport Beach, on Thursday, August 10, 2017. (Photo by Nick Agro, Orange County Register /SCNG)" src="src" /> A street sign inside Lido Marina B...