Boston Capital Invests in 61-Unit Affordable Community in Maine

WESTBROOK, Maine — Boston Capital has invested in the development of Robert L. Harnois Apartments, a 61-unit affordable housing development for seniors in Westbrook, a suburb of Portland. The general partner is Westbrook Development Corp., based in Westbrook. Robert L.

Lincoln Avenue Capital Acquires 196-Unit Affordable Community in Miami

MIAMI — Lincoln Avenue Capital (LAC) has acquired Brownsville Transit Village I and II, a mid-rise, two-building affordable housing complex in Miami’s Brownsville neighborhood. The first building features 96 units available to any age, while the second features 100 units

AMTEX Starts Construction of 225-Unit Affordable Community in Austin

AUSTIN, Texas — AMTEX Multi-Housing LLC has received financing and started construction of Limestone Ridge Senior Apartments, an affordable seniors housing community in Austin. The property will feature 223 one- and two-bedroom units, plus two apartments for on-site managers. Units

FHFA Addresses Seniors Housing Liquidity Concerns

The Federal Housing Finance Administration’s (FHFA) recent decision to maintain healthy multifamily purchase volumes for Fannie Mae and Freddie Mac calmed market uncertainties over capital availability for the remainder of 2019 and 2020, which had increased loan spreads by 30