Posts Tagged ‘Affordable’
Officials Aim to Aid Affordable Developers, Eyeball Vacant Assets
Local governments in Southern California made several moves carrying implications for real estate investors over the past week.In Los Angeles County, the Board of Supervisors is drafting the Community Opportunity to Purchase Act. The law would ...
Downtown L.A. World Trade Center to become affordable apartments
An aging downtown office complex will be converted into apartments as part of an ambitious plan by local real estate companies to create 4,000 affordable housing units in Los Angeles. The first project will be a $200-million makeover of the L....
A long-stalled Venice affordable housing project could be moving forward
The proposed Westside affordable housing project known as Venice Dell has seen it all: neighborhood uproar, lawsuits, clashing city directives to alternatively approve and deny. Now, in a battle that has spanned a decade, a major hurdle has be...
City Says it Will Halve Affordable Housing Lease-Up Period
It takes an average of 210 days to get an affordable housing building filled in New York City. The Mamdani administration says it plans to cut that in half. The plan to fill projects in 100 days was revealed alongside changes to the city’s p...
Millennium Goes More Affordable in Beverly Hills
Millennium Partners is downsizing its Beverly Hills high-rise ambitions as it leans more into affordability to secure faster approvals. The New York-based developer has revised plans for its proposed 34-story tower at 8300 Wilshire Boulevard, ...
NYC Pension Funds to Deploy $4B for Affordable Developments
New York City’s pension funds are supersizing their investment in affordable housing developments.New York City Comptroller Mark Levine plans to use the city’s public pension funds to invest $4 billion over the next four years, the New York...
Hundreds of affordable housing units funded by new L.A. County agency
For Michael Miller, getting a project off the ground is usually a bureaucratic juggling act. When building affordable housing like the 200-plus units he’s planning in Harbor Gateway and Stevenson Ranch, the president of Bold Communities said...
Four Seized Harlem Lots Get Affordable Units for $909K Each
The folks who complain about the lack of affordable housing, or about rents for “affordable” units being too high for many New Yorkers, are unaware of what it costs to build.Mayor Zohran Mamdani would certainly be proud to cut the ribbon fo...
