Apartment City

CLOSE Since January journalists David Plazas and George Walker IV have examined how pro-growth policies have prepared Nashville for prosperity, but it has been paired with growing inequality in their "Costs of Growth and Change in Nashville" series. Wochit The buyers of Riverchase Apartments say they don't plan to leave the federal Low Income Housing Tax Credit Program, a move that would've allowed them to charge market rates for the apartments. Riverchase Apartments in McFerrin Park has a new owner. (Photo: Submitted) Story Highlights Riverchase Apartments is one of the few remaining low- income housing complexes near downtown. Roughly 99 residents use Section 8 vouchers to help pay their rents compared with 106 a year ago. Nashville- based Elmington Property Management now handles leasing and management of Riverchase Apartments. A new Nashville- based company  has paid $11.2 million for Riverchase Apartments, one of the few remaining low- income housing comple...

RIO DE JANEIRO ― Seven years ago, Vila Autódromo was little more than a tranquil fishing village on the edge of Jacarepagua Lagoon, next to the racetrack for which it was named. Like the hundreds of other favelas that dot Rio de Janeiro ’s landscape, it had long been neglected by the city government , and it lacked many basic public services that are standard in the fast- growing wealthier neighborhoods just across the water. But to the more than 600 families that lived there, it was home. “This was a paradise,” said Luiz Cláudio Silva, who lived in Autódromo for more than 20 years. “I thought that I would live here for the rest of my life.” By the time the Rio Olympics are over, just 20 of the families who lived in Autódromo in 2009, the year the International Olympic Committee chose the city to host the games, will remain. The community, which sits less than a mile away from Rio’s Olympic Park, was crushed so that the city could build new access roads to connect Olympic venues . ...

96 Baxter Street via Google Street View The 13-story, 88- unit rental building for low- income seniors at 96 Baxter Street in Chinatown has opened its waiting list to new applicants this week for the first time in 25 years (h/t Lo-Down). Only people aged 62 and older (over 18 if they are mobility impaired) can apply. The units rent for  30 percent of one’s annual income ; studios are available to those earning less than $33,400 a year and one-bedroom to those earning less than $38,200. The waitlist originally contained over 3,000 names, a number which now stands at only a handful. Among the building’s current tenants, two are reportedly 108 years old. The youngest residents are about 85. Joining Chung Pak as they re-open their wait list for low income senior housing . The need for quality sen housing is more pressing than ever pic.twitter.com/ggZPntfeW1 — Margaret S. Chin (@CM_MargaretChin) August 22, 2017 Chung Pak Local Development Corp . held a news conference to announce the re...

CONTRIBUTED GRAPHIC Pictured is an exterior view rendering of The Willows 58- unit apartment complex on Campbell Drive. Construction on the $13.3 million dollar, 50, 215 square foot facility began earlier this week. A much anticipated local housing project has broken ground. Ben Daniels, president of The Willows Assisted Living and Memory Care, told the Times- Republican earlier this week construction equipment is on site in the 2000 block of Campbell Drive. When completed in summer of 2018, the 50,215 square foot complex costing $13.3 million will offer: • 24 one-bedroom apartments; • 12 studio apartments; and • Four two-bedroom apartments. The Memory Care Center will feature: • 16 Studio apartments; • Two deluxe studio apartments (for two residents); and • 4, 500 square foot of garden courtyard adjacent to the wing. A private retreat for residents needing closer care . “We are excited to see construction equipment on site,” said Daniels. “The Willows will fill a signific...

The Howard Hughes Corporation (NYSE:HHC) Q2 2017 Earnings Conference Call August 8, 2017, 10:00 AM ET Executives David Striph - Executive Vice President , Investor Relations David Weinreb - Chief Executive Officer Grant Herlitz - President David O’Reilly - Chief Financial Officer Peter Riley - General Counsel Analysts Alexander Goldfarb - Sandler O’Neill Robert Majek - CJS Securities Will Randall - Citigroup Waheed Khorsand - BWS Financial Alex Barron - Housing Research Center Steve Shaw - Compass Point Operator Good morning. And welcome to The Howard Hughes Corporation Second Quarter 2017 Earnings Conference Call . All participants will be in a listen-only mode. [ Operator Instructions ] After today’s presentation, there will be an opportunity to ask questions. [ Operator Instructions ] Please note, this event is being recorded. I would now like to turn the conference over to David Striph, Executive Vice President , Investor Relations . Please go ahead. David Striph Good morning. A...