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...

Reliable Sports owner Ken Vos sold to a different buyer. By Sydney.Smith@hollandsentinel.com (616) 546-4219 Reliable Sports isn ’t going anywhere. After Holland City Council approved an affordable housing development earlier this year, developer General Capital could not secure funding through the Michigan State Housing Development Authority , and Reliable Sports owner Ken Vos sold to another buyer who wants to keep the business open. Vos confirmed that the building is under contract to be sold in a sale that will be finalized at the end of September. The building located at 254 S. River Ave. was sold in July. Vos declined to share who the new owner will be, but said they "are a prominent figure in downtown Holland ." He still plans to retire, and a retirement sale is underway at the store. Since the business will remain open, that means the planned 54- unit affordable housing building Centennial Apartments will not happen — unless the new buyer decides to work with...

The Montclair Planning Board finished hearing one application and punted two more into September at its August 14 meeting .  But the application that wrapped up and was subsequently approved was a big leap in the board’s efforts at getting larger projects resolved , as it was local developer Steven Plofker ’s application for a five-story, 11- unit apartment building along North Willow Street that will incorporate the former Diva Lounge on Bloomfield Avenue as modest retail space .  The property is a lot merged several years ago. Holding up a rendering of developer Steven Plofker ’s proposed apartment/retail project for the corner of North Willow Street and Bloomfield Avenue at the August 14 Montclair Planning Board meeting , board member Martin Schwartz asks about possible changes to the details of the design. Professional planner Christine Nazzaro Cafone of the Red Bank- based Cafone Consulting Group testified on behalf of the relevance of the variances being requested, especia...

DETROIT -  Colony Arms Apartments in Detroit was once the most problematic building in the city. Now, it's one of the nicest affordable housing developments  in Detroit. On Friday, Jan. 27, the developers and investors in Colony and Fisher Arms Apartments , 9303 E. Jefferson Ave., invited community leaders to the the 161-unit building for a renaming ceremony. After four years of renovation, Colony Arms is now River Crest Apartments . Developers Detroit nonprofit Cinnaire and Baltimore- based Chesapeake Community Advisors  took on the building to renovate it and make it a safe, secure home for residents, said Mark McDaniel, Cinnaire president and chief executive officer . The nearly century-old brick building features a mail room, wash room, new appliances, paint, carpets, central air conditioning , security cameras and secure parking. River Crest Apartments has lobbies with paneled walls, tile floors and new gas fireplaces. "It is a completely different place," said...

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...

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...

The city of Tampa is on the cusp of a total makeover. With billions of dollars in investment and dozens of new apartment, condo, office and cultural buildings in the pipeline, the city's skyline and surrounding communities are poised to look a whole lot different than what it does today. But dreaming up the future of Tampa doesn't come without its challenges. For all the promises of a new urban core filled with hotels, parks, food halls and stores, there are also potential pitfalls. The Tampa Bay Times identified the five key obstacles that stand in the way of some of the biggest projects proposed in Hillsborough County . Many of these challenges are ones local politicians and business leaders have been fighting for years to find a solution. Others are fairly new territory, but still pose a real threat to the region's continued growth. [LOREN ELLIOTT | Times] A construction site is seen just north of Amalie Arena in downtown Tampa , Fla., on Monday, May 1, 2017. Curr...

Developer Jerry Epstein will replace his 202-unit Del Rey Shores apartment community built in the 1960s with a 544-unit complex in fewer, taller buildings. Marina Del Rey . The development will feature 12 four- and five-story buildings. The project is expected to be completed in two years." alt="An artist's rendering shows the Shores project to be built in Marina Del Rey . The development will feature 12 four- and five-story buildings. The project is expected to be completed in two years." /> An artist's rendering shows the Shores project to be built in Marina… (Shores ) The last surviving original developer of Marina del Rey will start work Monday on a $165- million apartment complex there that will replace one he built in the 1960s. The project is part of a push by Los Angeles County officials to spruce up the aging publicly owned marina , the largest pleasure boat harbor community in the United States. Leaseholders of land there have been urged to u...