USA Properties Fund said it has started construction on Sage at Folsom, bringing much-needed affordable senior housing at a “market-rate location” to one of the fastest-growing and highest-rated livable cities in California.
“We’ve enjoyed much success in Folsom and are looking forward to providing more affordable housing for seniors looking to live in a very vibrant neighborhood and thriving city,” said Geoff Brown, president of USA Properties Fund.
Merchants Capital announced that it secured more than $88 million in financing for Union at Bluffs Run, a new 192-unit affordable housing community in Council Bluffs, IA.
MassHousing partnered with Jamaica Plain Neighborhood Development Corporation (JPNDC) in a mix of public, private and grant financing to redevelop The Cheney Homes, an underutilized Dorchester parcel, into 48 new, deeply affordable and service rich apartment homes for senior citizens.
Dominium announced that it has closed a deal to acquire land for the development of a new community of affordable housing in Surprise, AZ.
Applegate & Thorne-Thomsen announced that Alexis Chernak, C.C. Huang, Clara Kim and Matt McKay have joined the partnership effective Jan. 1, 2025.