Housing Partnership Network's New Adaptive Reuse Accelerator Program aims to create 1,600 affordable apartments and workforce housing
BOSTON, April 7, 2022 /3BL Media/ - To increase the supply and affordability of homes in the U.S., Housing Partnership Network (HPN) today announced $3.5 million in grants to help transform empty hotels, schools, hospitals, and commercial buildings into affordable apartments and workforce housing.
CLEVELAND, December 19, 2018 /3BL Media/ — KeyBank Community Development Lending & Investment (CDLI) has provided $21.9 million in total financing to Home Leasing, LLC for the historic preservation and creation of affordable housing in the former Holley High School in Holley, NY. KeyBank provided a $9.9 million construction loan, plus $6.8 million in Low-Income Housing Tax Credit (LIHTC) equity and $5.1 million in Historic Tax Credit (HTC) equity.
The saying, “One man’s trash is another man’s treasure,” rings true, particularly when it comes to old ships that have been abandoned or fallen into disuse. Around the world, out-of-service vessels are being repurposed and transformed into thriving restaurants, hotels, museums and other waterfront attractions.
Redevelopment project provides 152 units to households making between 30 and 60% AMI
CLEVELAND, May 8, 2017 /3BL Media/ — KeyBank’s Community Development Lending & Investment (CDLI) team announced today the closing of a complete financing package for Metro West Housing Solutions Fifty Eight Hundred project (5800), a 152-unit affordable housing project located near Denver in Lakewood, CO. Specifically, CDLI provided $26.3 million construction loan, and a forward-starting $10.8 million Freddie Tax Exempt loan. In addition, KeyBank is investing $20.1 million in Low Income Housing Tax Credit equity.
CBRE transformed a vacant Masonic Temple in Glendale, California, into a state-of-the-art Workplace360 office. Learn how adaptive reuse, the second shift and workplace evolution came together to create the office of the future in our new video.