Fairstead, LIHC Acquire NJ Affordable Housing Portfolio

Fairstead and LIHC Investment Group have acquired a 691-unit affordable housing portfolio in Newark, N.J.

The new ownership will invest more than $27 million in improvements.

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LIHC Investment Group Secures $71M for the Acquisition and Preservation of Marble Hall Apartments

A critical source of affordable housing for the Tuckahoe community will be protected through 2060

LIHC Investment Group and Silver Street Development Corporation today announced $71 million in financing to acquire and preserve Marble Hall Apartments, a rental community serving 134 low-income households in Tuckahoe, New York.

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LIHC Investment Group Signs on to $85 Million Redevelopment of Affordable Senior Housing in Naples, Florida

LIHC Investment Group announced that it has joined the redevelopment of Goodlette Arms Apartments, a 250-unit permanently affordable senior property located in Naples, Florida.

Goodlette Arms Apartments will remain affordable for at least 40 more years and undergo a sustainability and resiliency-focused rehab

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LIHC Investment Group and Rockport Mortgage Announce $140M in Financing for West New York, NJ Affordable Housing; Extending Affordability through 2059

The FHA Section 223(f) refinancing loan will maintain the affordability of 688 homes at Parkview Towers

LIHC Investment Group and Rockport Mortgage Corporation announced the closing of a $140 million FHA Section 223(f) refinancing loan for Parkview Towers, a 688-unit property located West New York, New Jersey. The development consists of two 24-story buildings and is owned by LIHC, a leading real estate investment group committed to the preservation of affordable housing.
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60 Affordable Homes Preserved On Boston’s Historic North End Waterfront

Multi-year effort ends with tenants, advocates, and owners celebrating new protections for existing and future residents at Mercantile Wharf.

Building on his commitment to creating and maintaining affordable housing in the City of Boston, Mayor Martin J. Walsh together with LIHC Investment Group, Belveron Partners, and the Boston Housing Authority, today announced the preservation of 60 affordable rental homes at Mercantile Wharf in the North End, with the support of the building’s tenants.

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Owners launch fund to keep New Yorkers in their homes

Some of the city’s largest property owners have created a new fund to help keep vulnerable New Yorkers impacted by the Covid-19 crisis in their homes.

Called Project Parachute, the fund has been launched with $4 million in contributions from companies including LIHC, LeFrak, Durst, Resnick and Rose.

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LIHC is proud to be a Gold Level donor to Project Parachute
the Project Parachute logo


Rockport Provides $74M FHA Financing on NoLita Rental Building

Rockport Mortgage Corporation has originated a $74 million loan to LIHC Investment Group to refinance Little Italy Restoration Apartments (LIRA) at 21 Spring Street in the NoLita neighborhood of Manhattan.

The Federal Housing Administration Section 223(f) refinance extended the asset’s Section 8 housing status through 2043 and will help fund a suite of renovations planned for the property.

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LIHC Investment Secures Refi for 2 Affordable New Jersey Communities

LIHC Investment Group has obtained two loans for the refinancing of Verona Senior Citizens Apartments in Verona, N.J., and Mansion Apartments in Pine Hill, N.J.

Rockport Mortgage Corp. closed the $51 million deals, which consist of U.S. Department of Housing and Urban Development Section 223(f) loans.

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Investors partner on $170M Bronx affordable housing purchase

LIHC partners with Belveron Partners and Camber Property Group to acquire 1,275 apartments across 8 Mitchell-Llama buildings in the Bronx.

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Renovations underway at hundreds of Section 8-backed apartments in East Village

More than 240 apartments will be preserved as Section 8 housing and get $7.5 million in renovations.

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LIHC and L+M Development Partners

are joint venturing on one of the first of three affordable co-living plans approved in NYC

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Low-income housing with waterfront views in Portland sold to investment firm

The existing 140 units at Munjoy South must remain available for low-income renters.

A low-income housing development with harbor views in a rapidly gentrifying area of Portland has been sold to an investment firm that is exploring redevelopment options.

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LIHC Preserves Affordability for Boston Community

More than 170 units at Concord Houses in the South End neighborhood will stay affordable for at least the next 40 years.

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Andrew, and Charlie Gendron of LIHC
LIHC Investment Group

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