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News
HUD Voucher Freeze Threatens New York Affordable Housing
1+ mon, 6+ day ago (470+ words) This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry analysis delivered straight to their inbox with the free CRE Daily newsletter. HUD is withholding federal funding for Emergency Housing…...
New York opens nearly $270 million funding round for affordable housing
1+ mon, 4+ week ago (174+ words) New York is accepting proposals for nearly $270 million in tax credits and subsidies intended to create or preserve about 1,800 affordable apartments across the state. The competitive funding round includes up to $58 million in federal low-income housing tax credits, $10 million in…...
Rochester picks developer for huge housing project at Care Pharmacy site
3+ mon, 1+ week ago (415+ words) ROCHESTER — The City Council has selected a developer for the long-vacant former Care Pharmacy property on South Main Street and nearby parcels on Sawyer Avenue. Cyrus North LLC's proposal calls for a six- to seven-story apartment building with 92-150 units, 16 three-bedroom…...
Mamdani's 3 lofty plans to make New York City housing more affordable
3+ mon, 2+ week ago (524+ words) NYC City Hall released its detailed plans for affordable housing. The mayor hopes the plan will help lower- and middle-income New Yorkers. Zohran Mamdani has ambitious ideas for New York City housing. "When New Yorkers can afford a home, they…...
Black Swan paid a combined $11.85 million to buy two Rochester complexes in April
4+ mon, 3+ day ago (476+ words) ROCHESTER — Black Swan Living paid a combined $11.85 million for two Rochester housing complexes in April to grow its portfolio of Minnesota housing to almost 2,400 units. Black Swan, a Rochester-based housing investment group led by Nick and Dr. Elaine Stageberg, purchased…...
Rochester breaks ground on Gateway Building housing project
4+ mon, 6+ day ago (66+ words) A long-vacant downtown office building on East Main Street will be redeveloped into 129 mixed-income apartments. Rochester breaks ground on Gateway Building housing project Redevelopment replaces outdated offices with apartments and street‑level commercial. With workers removing the glass facade behind,…...
CityWalk developers paid a total $20 million for southwest Rochester properties
5+ mon, 4+ day ago (359+ words) ROCHESTER – A recent real estate deal in Southwest Rochester was the first of four transactions for a combined total of $20 million for land to build a new 13-story residential tower. April 2 was a big day for developer Reuter Walton as…...
Lennar seeks Rochester council OK for 108 homes on 56 acres
5+ mon, 1+ week ago (348+ words) Apr. 5—ROCHESTER — The state's largest homebuilder is asking the Rochester City Council for approval of a plat for creating 108 homes on 56 acres in the city's northwest quadrant. Lennar Homes plans to continue work started by Rochester-based DeWitz Home Builders in…...
Rochester brings new affordable housing complex
7+ mon, 6+ day ago (108+ words) Alta Vista, a $35 million affordable housing project, opens in downtown Rochester with 76 apartments for income-eligible households. Rochester brings new affordable housing complex Downtown Rochester added 76 new affordable apartments Feb. 5 as state and local leaders cut the ribbon on Alta Vista,…...
Sutton Place Apartments in southeast Rochester sold for $5 million - Post Bulletin | Rochester Minnesota news, weather, sports
8+ mon, 2+ week ago (164+ words) ROCHESTER — Sutton Place Apartments, a 72-unit multi-family property in southeast Rochester, has been sold for $5 million, it was announced Monday. Built in 1972, the property sits on 3 acres near McQuillan Park and Mayo Clinic. The property was purchased by LRE Rochester…...