LIHC NEWS

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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LIHC NEWS

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

LIHC NEWS

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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MULTI-HOUSING NEWS

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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AFFORDABLE HOUSING NEWS

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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AFFORDABLE HOUSING NEWS

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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AFFORDABLE HOUSING NEWS

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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AFFORDABLE HOUSING NEWS

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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PRESS RELEASE

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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