INDIANAPOLIS (WISH) — A new Indiana law was designed to give nonprofits that work to provide low-income housing a fighting chance against big out-of-state investors. Those investors’ buying of property and hiking up rent has become an increasing trend in Indianapolis, some say. “The tax lien sale has become … it’s an investment tool,” said… Read More »
:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/23257620/merlin_2909180.jpg "Affordable middle housing faces zoning law challenges")
A growing chorus of experts say middle housing, a class of multifamily housing options that falls between single-family homes and large apartment complexes, is a vital instrument in the fight against unaffordable housing. But middle housing has a big problem: Zoning in most residential areas doesn’t allow it. That’s the big takeaway from a new… Read More »
NEW YORK, Dec. 16, 2021 /PRNewswire/ — Lument recently underwrote a two-tranche unfunded forward commitment for a Freddie Mac tax-exempt loan (TEL) totaling $16.9 million to construct 1515 North Capitol Apartments, a new affordable housing high-rise development located in Washington, D.C.’s Truxton Circle neighborhood. The 15-story apartment building will feature 136 affordable studio units, with… Read More »