Affordable middle housing faces zoning law challenges

Emily Parkin

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 […]

Lument Provides $16.9 Million Freddie Mac Forward Commitment Loan to Build New Affordable Housing High-Rise in Washington, D.C.

Emily Parkin

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 […]