Housing is considered affordable if it costs one-third or less of a household’s income and is stabilized to avoid rent increases over time.
A private equity firm that backs workforce housing is getting a financial boost. Almanac Realty Investors, an affiliate of Neuberger Berman, is investing $320 million in Asia Capital Real Estate. The investment will target...
For many minority developers, building the necessary capacity and experience to win a steady stream of work in New York City has been an...
Ray McGuire’s path from “the streets to the suites” is made-for-movie stuff. Growing up poor and fatherless in Dayton, Ohio, he worked his way into the elite boarding school Hotchkiss, then Harvard for undergraduate,...
Belveron Partners closed a $280 million fund to invest in affordable housing across the country as the sector gains...
Most city-owned land slated for affordable housing development is transferred to for-profit companies — a trend that a new...
New year, new face for NYC’s City Planning Commission: Tenant advocate Cea Weaver — known to the real estate...
It was a Wednesday night in April 2019, and Will Thomas was outnumbered. Only two other members of pro-housing...
The city is pulling the plug on a senior housing program over concerns that it violates fair housing laws....
UPDATED, Dec. 28 2020, 3:20 p.m.: A mixed-use building in the works on the Lower East Side landed a...
The developers of a major project on the Bronx Harlem River waterfront plan to close on about $349 million...
