Total 4 Posts
Market-rate housing refers to apartments that are being offered to residents at the current market rate. This is in contrast to affordable housing, which is typically offered at less than market-rate, often at a certain percentage of a location's Area Median Income (AMI).
The developer received a $58.4 million construction loan and a $55.6 million refinancing through HUD programs.
Since Q2 2019, a new flurry of updates about the government’s Opportunity Zones program has answered many questions about how the program will be operated. Not everything, however, has been fully revealed.