affordable housing

Wells Fargo, Habitat Team Up To Help a Mom Build Her Home

Shaquawanda is one of the many reasons Wells Fargo has collaborated with Habitat for Humanity over the last 20 years.
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The day the side of her house was being raised, homeowner-to-be Shaquawanda was excited and a little anxious. “It’s been a long time coming,” she said. “I’m ready.” Shaquawanda said she had been looking to buy a house for a while, but home prices in Charlotte, North Carolina, have skyrocketed. “I tried to get everything together to go through the process of owning home,” she said.

Enterprise Community Partners to Help Baltimore Houses of Worship Build 600 Affordable Homes

$500,000 grant from Wells Fargo Foundation will transform underutilized property owned by faith-based organizations into affordable housing
Press Release

BALTIMORE, July 18, 2022 /3BL Media/ - Today Enterprise Community Partners (Enterprise) announced an expansion of its Faith-Based Development Initiative(FBDI) in Baltimore which helps houses of worship convert underutilized land into affordable homes.

Wells Fargo and Habitat for Humanity To Build 350 Affordable Homes in the U.S.

Nationwide initiative to build and repair homes across 200 communities kicks off in Charlotte; employees volunteer with future homeowner
Press Release

CHARLOTTE, N.C., May 24, 2022 /3BL Media/ - As homeownership remains out of reach for too many families, Wells Fargo today announced an effort to support new home construction, renovation, and repair of more than 350 affordable homes across the U.S. in collaboration with Habitat for Humanity International.

Wells Fargo Invests $3.5M to Convert Schools, Hospitals, Office Buildings into Affordable Homes

Housing Partnership Network's New Adaptive Reuse Accelerator Program aims to create 1,600 affordable apartments and workforce housing
Press Release

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.

Blackstone Real Estate Announces Formation of April Housing and Appoints Alice Carr as Chief Executive Officer

New Company Furthers Blackstone’s Commitment to Creating and Preserving Affordable Housing
Press Release

NEW YORK & LOS ANGELES, February 24, 2022 /3BL Media/ - Blackstone (NYSE: BX) today announced its new portfolio company, April Housing, which will serve as a leading provider of solutions and capital for the creation and preservation of high-quality affordable housing throughout the United States. April Housing will oversee and preserve affordability of an initial portfolio of over 90,000 housing units recently acquired by Blackstone Real Estate Income Trust, Inc. (BREIT).

Transformational Investing in Communities of Color

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by Mary Bruce Alford, Senior Vice President of Investor Relations at Hope Credit Union 

After spending a decade working nationally to advance social and environmental justice through land conservation, I was looking for a way to continue purpose driven work while also establishing roots within the community where I was living. There was no turning back after I discovered CDFIs.

Green Bond-anza: Making Sense of the Categories

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By Benjamin J. Bailey, Praxis Mutual Funds & Everence Financial

With the recent announcement that the European Union will begin issuing green bonds starting in October of 2021 and predictions that have annual green bond issuance hitting $1 trillion by 2023, many have been left wondering: “What exactly is a green bond?”

Addressing Housing Affordability With Access to Homeownership

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by Mike Loftin, CEO of Homewise 

Faced with an affordable housing shortage, policymakers often overlook America’s biggest source of affordable housing: homeownership. 

Contrary to popular belief, owning is often more affordable than renting. Today, it is cheaper to buy a home than it is to rent in two-thirds of US counties, including New Mexico’s Santa Fe and Bernalillo Counties, home to high-cost Santa Fe and moderately priced Albuquerque, where Homewise, has helped more than 5,000 modest-income families become homeowners.

KeyBank Provides $28.1 Million for Two Affordable Housing Communities in Clayton County GA.

Press Release

CLEVELAND, September 7, 2021 /3BL Media/ –KeyBank Real Estate Capital secured $28.1 million of fixed-rate Fannie Mae financing  for the construction on Villas at Mt. Zion and Flats at Mt. Zion in Clayton County, Georgia.  These developments are a joint venture partnership between Zimmerman Properties and TriStar, LLC; and was formed to build and operate affordable housing communities offering innovative wraparound services focusing on the education, social and emotional wellbeing of its residents.

The Rise of Sustainable Bonds for Affordable Housing

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The pandemic worsened the U.S. affordable-housing crisis. Increasingly, public and private entities are tapping the bond market to finance development.

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