Construction Maison

CONCORD — Carlton Senior Living, which plans to expand its Concord housing complex , recently bought from the city a vacant lot that sits behind the Park & Shop shopping center . The Concord- based firm agreed to pay the city $380,000 — the full appraised fair market value — for a 9,600-square-foot parcel at the corner of Sutter and Harrison streets. The property is adjacent to Carlton’s 152- unit independent living apartment building at 1700 Broadway. Carlton owns 11 senior housing communities in Concord, Pleasant Hill, Davis, San Leandro, San Jose, Fremont, Sacramento and Elk Grove. The Concord complex is the only one without a memory care or assisted living component , said Todd Kemerly, senior vice president of sales and marketing. Combining the city’s parcel with a second property Carlton plans to buy at 2051 Harrison St., will provide space for the company to build approximately 30 units for seniors with Alzheimer’s disease and other types of dementia. “The intent is ...

As teachers, cooks, cashiers, and bus drivers are being priced out of Charlotte, one question looms: How does a growing, thriving city in modern America keep housing affordable for its working-class citizens? By RACHEL JONES Published: 2017.08.23 06:21 AM Jacqueline Ingram (middle) works full-time at the Ross Dress For Less distribution center in Rock Hill. But in this booming region, her salary isn’t enough to comfortably buy a home for her and her kids, 12-year-old Nya and five-year-old Rejonee. PHOTOS BY ANDY MCMILLAN ONE RECENT SUNDAY AFTERNOON , Jacqueline Ingram and her two daughters explore an empty four-bedroom house for sale on a Brianna Way cul-de-sac in southwest Charlotte , filling it with their dreams along the way. “This one is mine,” 12-year-old Nya says of an upstairs bedroom with a view of the Clanton Park neighborhood . “I could put my chest over there, and my table there.” As five-year-old Rejonee sprawls out on the carpet in the room across the hall, In...

CHICAGO , Aug. 9, 2017 /PRNewswire-USNewswire/ -- The AFL- CIO Housing Investment Trust (HIT) today celebrated the grand re-opening of the Kenmore Plaza Apartments , which recently completed an extensive $61 million rehabilitation. The 28-story, 324-unit building provides affordable housing exclusively to the elderly. The rehabilitation work included reducing the operating costs of the building by installing durable and easy to maintain materials and energy efficient equipment , improving energy and water efficiency over the long term, as well as upgrading the current residential units , floor hallways, interior ground floor , and building exteriors and the construction of a small addition to the existing structure. The HIT provided $22.9 million of financing through the purchase of Ginnie Mae construction loan certificates and a permanent loan certificate . "The HIT investment is helping preserve a historically significant building that has been a major source of afforda...

FT. LAUDERDALE, FL - ZOM Florida and The NRP Group recently celebrated the completion and grand opening of Monterra Apartments,  a workforce housing community in Cooper City, south Broward County , Florida. The new 300 unit community began pre -leasing in February 2012 and was 100% leased in April. The units will be 100% occupied in mid July. The property boasts a variety of spacious 1, 2 and 3- bedroom floor plans , featuring nine foot ceilings, and walk in closets. The centerpiece of the Monterra community is a large upscale clubhouse facility , which includes a swimming pool, clubroom with computer work stations , and a 24- hour fitness center . Additional project features include energy efficient appliance and lighting packages, a playground, a covered barbeque area , and a dog park. Project financing included approximately $26 million in NIBP bonds issued by the Florida Housing Finance Corporation , HOME loan funding , and additional loans provided under...

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided an $11. 4 MM Fannie Mae DUS Choice refinancing for the Woodchase Apartments in St. Louis, Missouri. Woodchase Apartments is a garden style multifamily facility that was built in 1984 and comprises 17 two- and three- story residential buildings , and one single-story office/clubhouse.  The property consists of a total of 186 units, and the unit mix is made up of 92 one-bedroom and 48 two- bedroom apartments , and 18 one-bedroom and 28 two- bedroom townhome units .  The loan is a 10- year fixed rate facility with a 30- year amortization period . The portfolio was refinanced to secure a new low interest rate . Centerline is one of the nation’s leading Mortgage Banking institutions in the multif...

Address: 7600-44 Pillsbury Av. S., Richfield Type: Senior housing Units: 88 Developers: Mesaba Capital Development , Roers Investments Architect: Kaas Wilson Architects Details: Ground was broken this week for Havenwood of Richfield, an 88- unit senior housing project on the former site of the Richfield Public Works garage . When the city opened a new garage in 2007, it studied new uses for the 3.3-acre site. It determined high- density housing affordable for low- and middle-income families and/or seniors would be best. Edina- based senior housing builder Mesaba Capital Development first approached city with plans for the block in 2015 and received site plan approvals in March 2016. In the interim, Richfield provided a $2.2 million “pay-as-you-go” TIF package, under which the amount of the higher property taxes generated by the site improvements will be refunded to developer over a period of several years. The plans call for 60 assisted living units and 28 memory care units . Th...

Welcome to Woodcreek Apartments Welcome to Woodcreek Apartments . The Woodcreek Apartments reside in Huntley, Illinois, a NW Suburban village with a warm country setting and convenient proximity to ...  Apartments for Rent in Moorpark -… Woodcreek Apartments located in the city of Moorpark are affordable, spacious and beautiful. We are located near employment, shopping, entertainment and recreational ...  Woodcreek Apartments | Mesa, AZ | Home Check out 1- and 2- bedroom apartment homes at Woodcreek Apartments in Mesa upgraded kitchens , in-unit laundry, extra storage space , and more!  Woodcreek Apartments for Rent | Mesa AZ… Woodcreek Apartments Apartments in Mesa, AZ - Woodcreek Apartments in Mesa, Arizona, offer hometown comforts close to recreation and city conveniences. Our spacious ...  pet friendly, Woodcreek Apartments … Woodcreek Apartments has provided rental and TDY needs to our Ft. Rucker, AL families for over 25 years. We are locally owned and operate...

A new apartment complex near Elk Grove was completely full before it was even ready for tenants to move in. Arbor Creek, a 102-unit low- income apartment complex near Elk Grove-Florin and Calvine roads, held an open house and ribbon- cutting ceremony Thursday . It's owned and operated by Roseville- based USA Properties , which owns numerous low -income and senior housing complexes around the state and about a half-dozen in Elk Grove.  "The fact that they have a place like this to live makes them more stable as far as buying into this area," USA Properties President and CEO Geoffrey Brown said. Tenants pay a different rent depending on their income, which can't be more than either 50 or 30 percent of the county's median income. That means a three-person family earning $32,550 a year (50 percent of the median income) would pay $756 for a two-bedroom apartment. If that same family earned $19,530 (30 percent of the median income), they would pay $431 to rent a tw...

Natalie Marra benefited from the Tenant Opportunity to Purchase Act (TOPA), a provision in the District that provides strong protection for tenants to avoid a forced move. (Ricky Carioti/The Washington Post) Four years ago, when her apartment building at 1921 Kalorama Road NW in Washington was up for sale, Natalie Marra, a resident for more than 30 years, was determined to stay in the home she loves. “It took almost two years of tough negotiating, but there was a core group of seven of us in the tenant association that worked with a lawyer to make sure our rights were protected,” Marra says. “We negotiated the right to live in our apartments under rent control for the rest of our lives. Believe me, none of us ever plan to move now. Why would we? We have great renovated apartments and low rent.” Marra and her neighbors benefited from the Tenant Opportunity to Purchase Act (TOPA), a provision in the District that provides strong protection for tenants to avoid a forced move. Elder...

PORTLAND – The remaining low-income residents of rental units at the Eastland Park Hotel have 90 days to move out and make way for a major hotel renovation that could include a new ballroom in Congress Square Plaza . Eviction notices were sent to residents Monday. Earlier this month, about 12 tenants were still living in the hotel, said city spokeswoman Nicole Clegg . The notices came as no surprise since the hotel’s owner, Ohio- based RockBridge Capital , has been clear about its plan to convert about 50 low-income apartments into hotel guest rooms under the Westin Hotels name. The 90-day notice is 60 days longer than the residents’ leases require, said Adam Valente, senior vice president of RockBridge Capital, who noted that the investment group is making a significant donation to the city’s housing fund. The evictions will set in motion an overhaul of the 85-year-old hotel that Valente said will turn a “left-for-dead property” at a heavily traveled intersection into “a great sh...