Apartment City

Apartment department: Officials with ceremonial scissors gathered Monday to cut the ribbon at the 252- unit Costa Mariposa apartment complex in Texas City. The ceremony marked the official opening of the 7555 Medical Center Drive complex developed by San Antonio-based The NRP Group. The complex is the first affordable multifamily development completed in the county since Hurricane Ike struck two years ago. Because it targets low- and moderate- income people Costa Mariposa was awarded post- Ike stimulus funds from the Tax Credit Assistance Program administered by the Texas Department of Housing & Community Affairs . The department issued $14 million in tax exempt bonds in addition to $8.5 million in tax credits to the developers. The department also awarded the project $3 million from a federal program designed to expand the supply of decent affordable housing for moderate- to low- income families and individuals. Costa Mariposa received another $2.5 million from the T...

ALBANY, N.Y. — KeyBank Community Development Lending & Investment has partnered with Riverside Capital to provide a $12. 7 million Low Income Housing Tax Credit (LIHTC) equity investment to help Michaels Development Company rehabilitate Skyline Gardens Apartments , an affordable housing development in Albany, NY. The project will be financed with a combination of LIHTC equity and tax- exempt bonds provided by the New York State Housing Finance Agency (NYS HFA), a soft loan through the NYS HFA, a House NY Mitchell Lama subsidy loan and existing reserves. The property features 188 LIHTC - regulated units serving families that earn up to 60 percent of the area median income . Of these units, 131 will be covered by a 20- year Housing Assistance Payments contract allowing families who are eligible for the HAP subsidized units to pay no more than 30 percent of their income toward rent. Skyline Gardens Apartments was originally built in 1973. It was last renovated more than 20 ye...

Colorado Park Apartments – 1141 Colorado Avenue, Palo Alto, CA 94303 PALO ALTO, Calif. – On August 17, 2017, Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH).   “The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ,” said Mayor Scharff. “Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family.” The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ‘70s. Colorado Park Apartments is a seven-building, 60- unit garden walk -up complex originally constructed in 1972 by PAH. The property has a diverse unit mix with eight one-bedroom, 24 two-bedroom, 22 three-bedroom, and six four- bedroom apartments . The latter two...

Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif." title=" Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif." width="250" height="150" class="im2" /> Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif. PALO ALTO, Calif. - Aug. 17, 2017 - PRLog -- Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered today to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH). "The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ," said Mayor Scharff. "Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family." The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ...

From Monaghan Communications, Inc.: On August 17, 2017, Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH). "The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ,” said Mayor Scharff. “Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family.” The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ‘70s. Colorado Park Apartments is a seven-building, 60- unit garden walk -up complex originally constructed in 1972 by PAH. The property has a diverse unit mix with eight one-bedroom, 24 two-bedroom, 22 three-bedroom, and six four-bedroom apartments. The latter two unit types are two-level townhouses with washer/drye...