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Apartments Communities Newly Modernized by The Michaels Organization, Element Properties , and Allison Management are Preserved as Three Key Affordable Housing Resources in the City of Boulder BOULDER, Colo., August 17, 2017 (Newswire.com) - City officials, community leaders, and residents today joined executives of The Michaels Organization, Element Properties , and Allison Management to celebrate the grand re-opening of three apartment communities that have been rehabilitated and preserved as affordable housing for families in Boulder households with low- and moderate- incomes. “The creation of the Nest Properties has been a tremendous opportunity to work with private partners to implement a key city strategy of preserving existing housing into permanent affordable housing . It’s a real win for our community,” said Kurt Firnhaber, Deputy Director of Housing for the City of Boulder. Known collectively as “The Nest Communities,” The Nest on Osage, The Nest on Thunderbird, and ...

News Release — Quail Hollow Senior Living Community June 23, 2016 Contact: Lindsay Getz, Summit Property Management Group , 802-578-8759, [email protected] 62-UNIT DEVELOPMENT INCLUDES AFFORDABLE SENIOR HOUSING SOUTH BURLINGTON , Vt. (June 23, 2016)—More than 100 were in attendance to celebrate the grand opening and ribbon cutting for The Ridge at Quail Hollow, the 62-unit, fourth phase of an award- winning independent senior housing community in West Lebanon, New Hampshire, that brings much needed affordable and independent senior housing to the region. Developed by Green Mountain Development Group , Quail Hollow features 232 apartments and 50 cottages on 39 acres with market rate and affordable units for seniors age 55 and older. “We are proud to celebrate the completion of a quality community that helps to meet the growing need for affordable senior housing in the Upper Valley, and we are honored that the project has received national recognition ,” said Tom Getz, chief execu...

CLEVELAND, Aug. 21, 2017 /3BL Media/— KeyBank Community Development Lending & Investment (CDLI) has partnered with Riverside Capital to provide a $12. 7 million LIHTC equity investment to help Michaels Development Company rehabilitate Skyline Gardens Apartments , an existing affordable housing development for families in Albany, NY. Skyline Gardens Apartments features 188 LIHTC regulated units serving families that earn up to 60% AMI. Of these units, 131 will be covered by a 20- year Housing Assistance Payments contract allowing families who are eligible for the HAP subsidized units to pay no more than 30 percent of their income toward rent. Skyline Gardens Apartments was originally built in 1973. It was last renovated more than 20 years ago. The project will be financed with a combination of LIHTC equity and tax- exempt bonds provided by the New York State Housing Finance Agency (NYS HFA), a soft loan through the NYS HFA, a House NY Mitchell Lama subsidy loan and existi...

PLAYA VISTA, Calif. , Aug. 24, 2015 /PRNewswire/ -- Just six weeks after opening its doors, the first new apartment building at Runway Playa Vista is nearly two-thirds leased. The 100-unit building is the first of four residential communities to open in the Runway mixed-use complex – the downtown of Playa Vista anchored by Whole Foods Market, Cinemark Theatres, CVS, and a wide array of new restaurants and other retailers. The buzz generated by Playa Vista's first new apartment community since 2008 has been palpable. Prospective residents registered to receive online updates and participate in tours of the new development months ago . In July, the first pioneering residents moved in, taking advantage of the new parks and retail areas now coming to life to complete the Playa Vista community vision. Robust interest in the Runway apartment community speaks volumes about the burgeoning market for housing in one of the Westside's most exciting neighborhoods. Besides being ...

Five years after Howard County planning officials approved initial plans for a major transit- oriented development next to the Laurel Park race track , the project is back on the rails. New plans for the first phase of Laurel Park Station were recently submitted to Howard County's Department of Planning and Zoning, according to DPZ Deputy Director Raj Kudchadkar . The whole project is slated to bring 1, 000 residential units – a mix of apartments, condominiums and townhouses – as well as 127,000 square feet of retail space and 650,000 square feet of office space to a 65-acre plot of land in North Laurel, currently a parking lot adjacent to the Laurel Park MARC train station . Construction will take place over a period of eight to 10 years, according to Aaron Greenfield, an attorney for Laurel Park. The project is divided into four phases. "It's a transit- oriented development , so it's smart growth," Greenfield said. Phase one will bring 220 residential unit...

By Steve Gravelle, correspondent Aug 27, 2017 at 6:46 am | Print View It’s changed the face of central Cedar Rapids , driving post-flood development in the New Bohemia and Kingston neighborhoods with new and reclaimed properties. In Iowa City, its backers see it as a way to downtown vitality. “From a community’s point of view, you get a more broad-based neighborhood,” said B.J. Hobart, managing member and co-owner of Hobart Historic Restoration of Cedar Rapids. The suburban single- family home isn ’t going away, but so-called mixed-use projects incorporating residential and retail, commercial and sometimes even light-industrial spaces in the same or adjoining buildings offer different options to residential and business tenants. In some places — think dense urban neighborhoods and small- town main streets with apartments above ground-floor retail shops — mixed-use patterns never went away. Mixed-use is especially appropriate in Iowa City’s central neighborhood...

Roosevelt Square developers hope to build two apartment buildings that would have 120 for-rent units. By Susan S. Stevens Roosevelt Square ’s developer, Related Midwest , hopes to build two apartment buildings providing 120 for-rent units. In its plans, the company increased the proportion of market rate apartments to 80%, with the remainder affordable or low- income housing . The previous proportion was 75% to 25%. Related Midwest also changed the exterior designs. Opposition to the apartment buildings has stalled construction since mid-2010. The company announced the 80/20 mix a meeting in April. Another community meeting , open to the public, will be held at 6:30 p.m. on Tuesday, Aug. 7, at the National Italian American Sports Hall of Fame, 1431 W. Taylor St. “Our meeting will be similar in scope to the meeting two years ago at the Sports Hall of Fame that many of you attended, but there will be much more detail about what Roosevelt Square is and how it fits into a larger com...

The Fountainhead Project North Of Downtown Kissimmee Is To Include 648 Apartments, Plus Offices And A Shopping Center. December 12, 1993 | By Beverly Keneagy of The Sentinel Staff KISSIMMEE — A 97-acre tract with a heavy growth of trees just north of downtown is targeted for a huge apartment complex , offices, shops and restaurants. That's the idea for the Fountainhead development , which would be built on the parcel north of Columbia Street, east of Bermuda Avenue and west of Central Avenue. The development plan calls for 648 apartments. Several other apartment complexes already are in the area. The $53 million development has been in the planning stages since 1990 and gained the city's approval in September 1992. But a year ago, the state held up the development because of traffic concerns. State officials now say they are close to having those problems resolved. Once a settlement is approved, construction could begin within six months, said Anup Vasisht, a representative f...

May 13, 2013 | By Alexandra Chachkevitch, Tribune Reporter Crestwood Place senior facility , discusses the importance of socio-economic diversity in communities at his apartment on May 3." alt="Marshall Gardner, a resident of Northbrook's Crestwood Place senior facility , discusses the importance of socio-economic diversity in communities at his apartment on May 3." /> Marshall Gardner, a resident of Northbrook's Crestwood Place senior facility , discusses the importance of socio-economic diversity in communities at his apartment on May 3. (Alexandra Chachkevitch, Chicago Tribune) Marshall and Paulette Gardner were residents of a senior living facility in downtown Chicago eight years ago when they decided to move back to Northbrook, nearer their children. Crestwood Place , the village's affordable housing development for seniors, seemed perfect. "We were lucky — the waiting list happened to be short during that time," said Paulette Gardner, 71...

Buy Photo Crews are working three shifts weekdays and Saturdays to finish Little Caesars Arena, the firm overseeing construction says. (Photo: Clarence Tabb Jr . / The Detroit News) Buy Photo Dozens of the contractors building Little Caesars Arena have been fined a total of $2.9 million as of March for frequently not hiring at least 51 percent of Detroiters at the ongoing construction site , according to the latest data collected by the city. And that total is expected to be even higher during the push to complete construction of the $862. 9 million sports and entertainment complex by early September, based on the monthly data compiled by the city agency monitoring the workforce agreements on construction sites, said Portia Roberson, director of the city’s Office of Human Rights. An average of 27 percent of total hours worked at the arena site were performed by Detroit residents from April 2015 to March 2017, the latest monthly data available. It’s been two years, August 2015, ...