CREtech Affordable Housing Briefs July 28, 2023 - Phoenix Group & Macquarie invest in AH; a sustainable & affordable tiny home alternative? + more
Phoenix Group and Macquarie Asset Management provide ￡58m funding for affordable housing
Phoenix Group, the UK’s largest long-term savings and retirement business, has provided a ￡58 million long term financing package, arranged by Macquarie Asset Management, to support a joint venture between Bromley Council and Pinnacle for the planned acquisition of more than 200 affordable homes.
MHIC’s Proprietary Fund Furthers Investment in New England Affordable Housing
Massachusetts Housing Investment Corporation (MHIC) has closed its fourth proprietary fund with Eastern Bank, making five impactful investments in Lawrence, Brookline, Mashpee, Haverhill, and New Bedford.
KeyBank Provides $20.4 Million of Financing for Affordable Housing in Salem, Oregon
KeyBank Community Development Lending and Investment (CDLI) provided a $4 million construction loan, $6.3 million in Low-Income Housing Tax Credit (LIHTC) equity and arranged permanent financing with a $10.1 million Freddie Mac TEL for the acquisition and rehabilitation of Salem Manor, an existing family affordable housing project that was at risk of being converted to market rate housing in Salem Oregon.
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Green banks could pay for housing and climate change at the same time
Green banks can bring clean and affordable energy to low-income communities. States across the country are tapping them to do much more.
ZenniHome — The More Sustainable, Smarter And Cheaper Alternative To Tiny Homes Solving The Housing Inventory Crisis
As the housing market struggles with unaffordable prices and a limited inventory, one startup is looking to take the housing construction market to the 21st century: ZenniHome
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Research estimates the number of investor-owned affordable homes could more than double within three years
A rise in investors targeting the affordable sector will see private institution-owned housing account for around a quarter of new delivery by 2025, according to new research.
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??CREtech New York Conference & Expo?| September 19-20 | Javits Center |?Register here
??CREtech Climate Day?| September 21 | Javits Center |?Register here
??CREtech Climate Global Leadership Summit?| October 23-25 | Stockholm |?Register here
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The Affordable Housing Market Landscape Unwrapped
Ofo Ezeugwu, the Founder and CEO of Whose Your Landlord (WYL), discusses the genesis of the platform and its aim to bring greater transparency to the housing search process. WYL collects resident insights to help property managers better understand their performance and provide actionable insights. Ofo's passion for improving the housing landscape is evident as he shares his vision for using technology to humanize the rental experience for both renters and property managers.
Looking to the future, Ofo emphasizes the need for more homes and the crucial role of technology in achieving this goal on a humanization level. But how do we get the attention of the biggest players to mobilize the industry? Ofo explores this question and more, offering valuable insights into the world of affordable housing and how WYL's unique approach is helping to solve the housing crisis.
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Inaugural CREtech Climate Day to Emphasize Innovation and Sustainability in the Real Estate Industry
World renowned investor Chris Sacca to deliver opening keynote and other prominent real estate and climate tech leaders to present at CREtech Climate Day during NYC Climate Week.
Camber Creek, Granite Properties, Pi Labs, Vornado Realty Trust, Set To Join CREtech New York Main Stage Lineup
CREtech has announced top executives fromCamber Creek, Granite Properties, Pi Labs, Vornado Realty Trust, will join CREtech New York’s Main Stage this September 19-20 at the Javits Center.