News
LIHC Ranks #3 for Affordable Housing Finance’s Top Companies Completing Substantial Rehabs in 2023 May 30, 2024 - 
Affordable Housing Firms Team to Acquire New Jersey Property May 30, 2024 - Tredway and LIHC Investment Group have acquired a 100-unit senior housing community in Newark, New Jersey.
LIHC Ranks #14 for Affordable Housing Finance’s Top Owners List in 2023 May 24, 2024 - 
$20M Rehab Project Planned At Low-Income Senior Building In Newark May 17, 2024 - A $20 million renovation project is being planned at an affordable apartment building that is home to 100 low-income senior households in Newark, developers say.
Sena Affordable Communities, Tredway, LIHC and LNWA Announce $68M in Financing to Preserve and Improve Homes for Seniors in Camden, NJ February 29, 2024 - Acquisition enables the extension of Riverview Towers Apartments’ affordability for another 30 years.
LIHC Investment Group & Vitus preserve 34 affordable homes in Santa Fe Springs and complete major renovation November 8, 2023 - 34 homes at Villa Verde Apartments received extensive upgrades, greening and a pledge to keep the property affordable through 2073.
LIHC Named Top 20 Owner in 2023 by Multi-Housing News November 8, 2023 - 
LIHC Ranks #17 on Affordable Housing Finance’s Top Owners List for 2022 June 15, 2023 - 
LIHC Named Top 20 Owner by Multi-Housing News for 2022 November 4, 2022 - 
Risley Dent Towers in Brooklyn Receives $35M in HUD Financing for Rehabilitation and to Extend the Affordability of 248 Homes Through 2044 July 14, 2022 - LIHC Investment Group, Lucas Family Holdings and Rockport Mortgage Corporation closed a $35 million FHA Section 223(f) refinancing loan for Risley Dent Towers, a three-building, 248-unit property supporting low-income families in Brooklyn. As part of the loan refinancing, the owners agreed to enter into a new 20-year, Section 8 contract with HUD, extending the property’s affordability for another 22 years. 
Fairstead and LIHC Investment Group announce new ground-up mixed-income development at Essex Plaza in Newark, NJ June 17, 2022 - Fairstead, a purpose-driven, vertically integrated real estate company committed to sustainable development and the creation and preservation of high-quality housing, and LIHC Investment Group today announced a new ground-up development proposal for a mixed-income building at Essex Plaza in Newark, New Jersey.
Fairstead and LIHC Investment Group Announce New Ground-Up Mixed-Income Development at Essex Plaza in Newark, NJ May 9, 2022 - Fairstead, a purpose-driven, vertically integrated real estate company committed to sustainable development and the creation and preservation of high-quality housing, and LIHC Investment Group today announced a new ground-up development proposal for a mixed-income building at Essex Plaza in Newark, New Jersey
Fairstead, LIHC Acquire NJ Affordable Housing Portfolio November 2, 2021 - 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.
CM Chin and LIHC Investment Group Preserve Affordability for 152 Homes in Manhattan’s Nolita Neighborhood September 27, 2021 - Council Member Margaret S. Chin and LIHC Investment Group today announced a deal to preserve the affordability of 152 rental homes at Little Italy Restoration Apartments (“LIRA”), located at 21 Spring Street in Manhattan.
LIHC Ranks #16 on Affordable Housing Finance’s Top Owners List for 2020 June 10, 2021 - 
LIHC Investment Group Secures $71M for the Acquisition and Preservation of Marble Hall Apartments May 20, 2021 - 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.
LIHC Investment Group Partners with State Representative Jon Santiago to Bring COVID-19 Vaccination Clinic to Concord Houses April 1, 2021 - LIHC Investment Group joined Massachusetts State Representative Jon Santiago today to bring a pop-up COVID-19 vaccination clinic to Concord Houses in the South End as part of the Get Out the Vaccine (GOTVax) initiative to ensure vaccine equity and access for Boston’s most vulnerable residents.
LIHC Investment Group Signs on to $85 Million Redevelopment of Affordable Senior Housing in Naples, Florida February 19, 2021 - 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.
Portland affordable housing group acquires eastern waterfront property February 17, 2021 - A Portland-based firm that specializes in affordable housing projects acquired a flex office/industrial building that’s in the midst of burgeoning revitalization on the eastern waterfront. LIHC Investment Group bought 144-152 Fore St. from Jackrabbit LLC for $8.3 million.
LIHC Investment Group Acquires Flex Office Property on Portland’s Eastern Waterfront December 3, 2020 - LIHC Investment Group today announced the acquisition of 144 Fore Street, a 44,000 square foot flexible office and industrial property in the heart of Portland's burgeoning Eastern Waterfront. The Eastern Waterfront is home to several new corporate headquarters and ambitious plans are underway to infuse the area with new housing options, Class-A office projects, retail, restaurants, and public open spaces.
LIHC Investment Group and Rockport Mortgage Announce $140M in Financing for West New York, NJ Affordable Housing; Extending Affordability through 2059 October 30, 2020 - 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.
Hear Charlie Gendron discuss LIHC’s preservation of 60 Affordable Homes in Boston October 21, 2020 - Listen as WBZ News Radio’s Matt Sheerer talks with LIHC principal Charlie Gendron about the recent announcement regarding Mercantile Wharf Apartments in Boston’s Historic North End Waterfront.
60 Affordable Homes Preserved On Boston’s Historic North End Waterfront October 14, 2020 - 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.
LIHC Investment Group and Rockport Mortgage close $65 million financing September 18, 2020 - LIHC Investment Group and Rockport Mortgage Corp. closed a $65 million refinancing loan for Renwick Garden Apartments, a 224-unit subsidized Section 8 property supporting many elderly and disabled tenants located in the Kips Bay neighborhood.
LIHC Investment Group and Rockport Mortgage Announce $42.5M in Financing for Malcolm Towers in Fort Lee, New Jersey August 6, 2020 - Refinancing Extends Property’s Affordability Through 2046 - LIHC Investment Group and Rockport Mortgage today announced the closing of an FHA 223(f) multifamily loan refinancing totaling $42.5 million for Malcolm Towers in Fort Lee, NJ. The property is owned by LIHC Investment Group, one of the nation’s largest real estate firms committed to the preservation of affordable housing.
Owners launch fund to keep New Yorkers in their homes May 21, 2020 - 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.
LIHC Investment Group named one of Affordable Housing Finance’s Top Companies Completing Acquisitions in 2019 May 7, 2020 - For the third year in a row, LIHC Investment Group has been recognized in Affordable Housing Finance’s annual list of leaders in the affordable housing industry.
LIHC Investment Group Completes Acquisition of GP Interest in Multi-Family Property in Manhattan’s Nolita Neighborhood May 4, 2020 - Little Italy Restoration Apartments contains 152 apartments and is home to many longtime residents and seniors. LIHC Investment Group announced that it has closed on the acquisition of general partner interests in Little Italy Restoration Apartments, located at 21 Spring Street in Manhattan’s Nolita neighborhood.
Rockport Provides $74M FHA Financing on NoLita Rental Building April 16, 2020 - 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.
LIHC Investment Secures Refi for 2 Affordable New Jersey Communities February 3, 2020 - in: Multi-Housing News by: Laura Calugar on: January 28, 2020 Rockport Mortgage closed the FHA Section 223(f) loans for properties in Verona and Pine Hill. 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 […]
Co-Living Grows Up January 17, 2020 - in: The New York Times by: Jane Margolies on: January 14, 2020, Updated January 16th. As co-living companies race to open projects in New York, the options for renters are multiplying. New Yorkers have long shared apartments in order to afford the city’s famously high rents. This, of course, often entails hunting down an apartment […]
Investors partner on $170M Bronx affordable housing purchase January 6, 2020 - LIHC Investment Group, Belveron Partners and Camber Property Group are buying eight buildings in the borough from Cammeby’s International Group. The Mitchell-Llama buildings contain 1,275 affordable housing units in total, along with 10 commercial units.
East Village Section 8 Homes Are Getting $7.5M In Renovations November 1, 2019 - Renovations are underway at hundreds of Section 8-backed apartments in the East Village, developers announced Tuesday. More than 240 apartments in the East Village will not only be preserved as Section 8 housing for at least another 40 years, but completely renovated, under an agreement between the Center Developer Corporation, LIHC Investment Group and a slew of government agencies, including the Department of Housing Preservation and Development, NYC Housing Development Corporation and U.S. Housing and Urban Development.
NYC is banking on Common to deliver affordable beds October 11, 2019 - Common and Atlanta-based PadSpilt submitted winning proposals as part of its affordable co-living pilot program.
New York City is jumping into bed with two co-living firms to build affordable housing. The city’s Department of Housing Preservation and Development said Tuesday it will work with Common and Atlanta-based PadSplit — along with each firm’s development partner — to create co-living units.
LIHC Investment Group Places 3rd on AHF’s List of Top 10 Companies Completing Substantial Rehabs in 2018 April 18, 2019 - For the second year in a row, LIHC Investment Group has been recognized in Affordable Housing Finance’s annual list of top companies in the affordable housing industry.
Low-income housing with waterfront views in Portland sold to investment firm April 10, 2019 - 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.
LIHC Preserves Affordability for Boston Community January 22, 2019 - More than 170 units at Concord Houses in the South End neighborhood will stay affordable for at least the next 40 years.
Summit Plaza ribbon cutting ceremony celebrating over $18M in renovations November 7, 2018 - Last week, LIHC’s partner “Belveron Real Estate Partners” joined the city’s major, Stephen Fulop, in a ribbon-cutting ceremony celebrating the new renovations to the property.
Harlem Mitchell-Lama Building To Remain Affordable For 40 Years October 3, 2018 - The Lakeview Apartments' Mitchell-Lama status will be dissolved in a deal to keep the building affordable for the next four decades. Nearly 450 apartment units at the Lakeview Apartments on Fifth Avenue and East 107th Street will be rented at below-market prices for the next 40 years in a deal that will dissolve the building's status as a Mitchell-lama building, a spokesperson for the LIHC Investment Group said.
Charlie Gendron Honored by New York State Senator Brian A. Benjamin and Lakeview Tenants Association for Service to the Harlem Community August 25, 2018 - Charlie Gendron, principal of LIHC Investment Group, received a proclamation today from New York State Senator Brian A. Benjamin in recognition of his service to the Harlem community and commitment to preserving affordable housing for middle class and working families. 
Affordability Preserved on New York City Apartments August 17, 2018 - More than 650 affordable housing units in New York City have been preserved for decades to come under a deal by LIHC Investment Group and local officials. Located in neighborhoods where many similar buildings have converted to market-rate homes, the six properties feature 669 units of project-based Sec. 8 housing.
243 East Village Apartments Preserved Through Affordable Housing Program August 16, 2018 - LIHC Investment Group recently struck a deal with the city to preserve the Section 8 properties known as “Lower East Side I and II Apartments” at 384 East 10th St. and 199 Avenue B. It was part of a larger agreement covering 669 units across the city.
More Than 650 Affordable Apartments Preserved in High-Cost New York City Neighborhoods August 15, 2018 - The New York City Department of Housing Preservation and Development (HPD) and New York City Housing Development Corporation (HDC) join LIHC Investment Group to announce the preservation of 669 units of project-based Section 8 housing in high-cost New York City neighborhoods where the majority of similar buildings have converted to market-rate.
City Strikes Deal To Preserve 95 Affordable Inwood Apartments August 15, 2018 - The city has struck a deal with housing developer LIHC Investment Group to preserve nearly 100 below-market units in an Inwood apartment building. The project-based Section 8 housing apartments are located the Inwood Houses on Post Avenue between Dyckman and Academy streets, city officials said.
LIHC Investment Group Buys Harlem Buildings for $17M August 2, 2018 - One of the largest owners of affordable housing in the country, LIHC Investment Group, picked up a pair of Harlem buildings for $17 million, according to Dane Real Estate, which brokered the deal for the buyers.
LIHC Investment Group Tops Affordable Housing Finance Magazine’s List of Companies Completing Substantial Rehabs in 2017 May 10, 2018 - LIHC Investment Group, one of the nation’s largest investors in affordable housing, has been ranked No. 2 in Affordable Housing Finance (AHF) Magazine’s annual survey of companies completing substantial rehabilitations.
Camber Property Group purchases pair of Bronx buildings November 29, 2017 - Mitchell-Lama buildings known as Carol Gardens are located at 820 and 880 Thieriot Avenue
Camber Property Group has bought two Bronx apartment buildings for $19 million, marking the first time that the properties have changed hands since they were built in 1968.
Investors bring lawsuit to block Starrett City sale October 1, 2017 - Stakeholders in the affordable-housing complex include President Donald Trump
A group of investors in Starrett City, an affordable-housing complex in Brooklyn that counts President Donald Trump as a stakeholder, sued the owners in an attempt to block a proposed sale of the property for more than $900 million.
Plaza Undergoing Massive Rehab September 29, 2017 - Owners of the 380 unit Shore Plaza affordable housing development on Border Street have started a massive and much needed rehabilitation. LIHC Investment Group and Weston Associates Inc. announced they are spending over $14 million to improve the aging 10 acre development’s facade, interior and open space.
Boston Affordable Housing Gets $14M Renovation September 19, 2017 - LIHC Investment Group and Weston Associates received financing that will keep the 380-unit Shore Plaza Apartments affordable for the next 20 years.
A joint venture of LIHC Investment Group and Weston Associates Inc. has enacted a plan to keep the Shore Plaza Apartments, a 380-unit affordable housing community in East Boston, Mass., affordable for the next two decades.
948 Affordable Units Preserved in the Bronx August 18, 2017 - LIHC Investment Group, Belveron Partners and Camber Property Group will rehabilitate Stevenson Commons in the New York City borough. The initiative is moving forward through an agreement with the New York City Housing Development Corp. LIHC Investment Group and Weston Associates Announces Refinancing and Major Renovation of Shore Plaza Apartments in East Boston; Extending Affordability for 20 More Years August 16, 2017 - Boston, MA— LIHC Investment Group and Weston Associates Inc., two of the nation’s largest owners of affordable housing, today announced a plan that will keep East Boston’s 380-unit Shore Plaza Apartments affordable and vibrant for the next 20 years. Spanning four buildings on a 10-acre campus located along the Boston Harbor waterfront, LIHC Investment Group […]
$14.5M donation secures affordable housing at Cambridge’s Close Building July 27, 2017 - by: Wicked Local Cambridge A former Cambridge chocolate factory turned affordable housing in 1977 has been donated to the current manager of the building, the not-for-profit Just-A-Start Corporation, securing its affordability for years to come. LP Solutions LLC, an affiliate of LIHC Investment Group — one of the nation’s largest owners of affordable housing, announced […]