Urban Land Conservancy

Mississauga’s Ahmed Group proposing to bring much-needed purpose-built rental development to Dundas and Tomken area

Retrieved on: 
Monday, July 4, 2022
GTHA, QEW, Transport, CEO, Student, GLOBE, Company, Hurontario LRT, Dream, Confederation, Dundas Street BRT, Urban Land Conservancy, Housing, WZMH Architects, Queen, Federation, University, City, Social responsibility, BRT, Family, LRT, Toronto Pearson International Airport, News, Ahmad, Mississauga City Council, Region of Peel Accessible Transportation Services, Sheridan College, Property management, Rail transport, MISSISSAUGA, Dundas Street

MISSISSAUGA, Ontario, July 04, 2022 (GLOBE NEWSWIRE) -- With over 55 years of real estate investment and asset management experience, the Ahmed Group of Companies (Ahmed Group), a family-owned real estate investment firm, will soon bring forward a new development proposal to address the housing crisis by delivering essential rental housing to the residents of the Region of Peel with their latest project located at 1000 and 1024 Dundas Street East, City of Mississauga.

Key Points: 
  • Designed by world-renowned WZMH Architects, the proposed purpose-built rental development from the Ahmed Group is designed as a walkable community with a pedestrian-focused experience.
  • As of 2022, the Ahmed Group is involved in the development of over 1,500,000 square feet of new purpose-built rental (residential apartments) construction across Ontario.
  • It is clear people want to live, work and play in Mississauga, said Moe Ahmed, President and CEO of Ahmed Group.
  • The Ahmed Group of Companies (Ahmed Group) is a Canadian-based family office whose primary objective is to invest in the development and construction of Canadian real estate.

New York Life’s Impact Investment Initiative Commits $50 million to IMPACT Community Capital in support of affordable housing preservation

Retrieved on: 
Thursday, July 22, 2021
Insurance, Professional services, Economy, Finance, Money, Corporate social responsibility, Impact investing, Investment, Social finance, Affordable housing, Ethical investment, Affordable housing by country, Urban Land Conservancy

New York Life, Americas largest1 and most admired2 mutual life insurer, today announced a $50 million investment to support the preservation of affordable housing rental properties throughout the United States via an equity investment with IMPACT Community Capital.

Key Points: 
  • New York Life, Americas largest1 and most admired2 mutual life insurer, today announced a $50 million investment to support the preservation of affordable housing rental properties throughout the United States via an equity investment with IMPACT Community Capital.
  • This is the latest investment by New York Lifes $1 billion impact investment initiative announced in April 2021.
  • The investment with IMPACT Community Capital will provide short-term bridge loans to borrowers and owners of affordable housing seeking to preserve the properties affordability status.
  • This investment with IMPACT Community Capital follows New York Lifes initial impact investment initiative commitment of $150 million to Fairview Capital in support of diverse and emerging fund managers and hundreds of small businesses.

Mix of Affordable Housing Properties Capture Novogradac Honors

Retrieved on: 
Thursday, July 1, 2021
Affordable housing, Housing in the United States, Low-Income Housing Tax Credit, Taxation in the United States, Tax credit, Economy, Urban Land Conservancy, National Equity Fund, Inc.

The awards go to participants who strive for excellence in affordable housing, with properties financed by low-income housing tax credit (LIHTC) equity or with U.S. Department of Housing and Urban Development (HUD) funding.

Key Points: 
  • The awards go to participants who strive for excellence in affordable housing, with properties financed by low-income housing tax credit (LIHTC) equity or with U.S. Department of Housing and Urban Development (HUD) funding.
  • Culpepper Garden I in Arlington, Virginia, for Preservation of Existing Affordable Rental Housing.
  • "We continue to be impressed with how affordable housing developers find ways to creatively meet the needs in their communities," said Michael J. Novogradac, managing partner of national accounting and consulting enterprise Novogradac.
  • Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, community development, historic rehabilitation and renewable energy.

Amazon and Metro Announce a $125 Million Commitment to Create 1,000 Affordable Housing Units at Metro Stations in the Washington, D.C. Metropolitan Area

Retrieved on: 
Wednesday, June 16, 2021
Other Philanthropy, Construction & Property, Public transport, Philanthropy, Online Retail, Transport, Retail, Residential Building & Real Estate, Transport, Urban planning, Service industries, Metropolitan planning organizations, Affordable housing, Economic inequality, Transit-oriented development, Amazon, Metro, Rapid transit, Urban Land Conservancy, Affordable housing by country, Metro, Amazon, METRO, AMAZON

Amazon (Nasdaq:AMZN) and the Washington Metropolitan Area Transit Authority (Metro) today announced a goal to create more than 1,000 new affordable housing units at Metro Stations throughout the Washington, D.C. metropolitan region.

Key Points: 
  • Amazon (Nasdaq:AMZN) and the Washington Metropolitan Area Transit Authority (Metro) today announced a goal to create more than 1,000 new affordable housing units at Metro Stations throughout the Washington, D.C. metropolitan region.
  • Amazon is stepping up to the plate with an unprecedented commitment to affordable housing in the National Capital Region.
  • $25 million of the total will be exclusively available for minority-led developers to develop affordable housing on Metros joint development sites.
  • Amazons partnership with Metro is part of its $300 million total transit commitment for equitable transit-oriented affordable housing development in communities it calls home.

Amazon and Sound Transit Announce a $100 Million Commitment to Accelerate the Creation of an Estimated 1,200 Affordable Housing Units Near Light Rail Stations Across the Puget Sound Region

Retrieved on: 
Wednesday, June 16, 2021
Online Retail, Retail, Transport, Residential Building & Real Estate, Construction & Property, Public transport, Affordable housing, Economic inequality, Transit-oriented development, Sound Transit, Articles, Transport, Academic disciplines, Urban Land Conservancy, Sound Transit, Amazon, SOUND TRANSIT, AMAZON

Amazon (Nasdaq:AMZN) and Sound Transit today announced a partnership to accelerate the creation of up to 1,200 new affordable housing units on Sound Transit surplus properties near light rail stations across the Puget Sound region.

Key Points: 
  • Amazon (Nasdaq:AMZN) and Sound Transit today announced a partnership to accelerate the creation of up to 1,200 new affordable housing units on Sound Transit surplus properties near light rail stations across the Puget Sound region.
  • Amazon is committing $100 million in below-market funding to developers to help create and expedite the development of Sound Transit property offered for affordable housing.
  • To date, Sound Transits TOD program has built, is constructing, or is designing over 1,500 affordable housing units on Sound Transit surplus property.
  • Amazons partnership with Sound Transit is part of its $300 million total transit commitment for equitable transit-oriented affordable housing development in communities it calls home.

Urban Land Conservancy, Denver Public Schools, and Denver Housing Authority Purchase Former Johnson & Wales Campus

Retrieved on: 
Friday, June 11, 2021
Geography of Colorado, Denver, Colorado, Urban Land Conservancy, Johnson & Wales University, St. Elizabeths Hospital

Urban Land Conservancy (ULC), Denver Public Schools (DPS), and Denver Housing Authority (DHA) announce they have purchased the former Johnson & Wales University Denver campus today.

Key Points: 
  • Urban Land Conservancy (ULC), Denver Public Schools (DPS), and Denver Housing Authority (DHA) announce they have purchased the former Johnson & Wales University Denver campus today.
  • ULCs mission-driven focus was apparent by its ability to immediately partner with the Denver Housing Authority, Denver Public Schools, and St. Elizabeths School on key components of the campus, said Joseph Greene, vice-chancellor of finance and administration at Johnson & Wales University.
  • Archway Communities will purchase all four residential buildings on the east campus: Johnson Hall, Wales Hall, Presidents Hall, and Founders Hall.
  • Johnson & Wales acquired the first portion of the Denver campus in 1999 and welcomed its inaugural class in 2000.

EnergyLink Completes Near Net-Zero Energy Campus in Aurora

Retrieved on: 
Thursday, June 10, 2021
Photovoltaics, American society, Urban Land Conservancy, AmeriCorps, National Civilian Community Corps, Photovoltaic system, Solar panel, United States

AURORA, Colo., June 10, 2021 /PRNewswire/ --EnergyLink recently helped Urban Land Conservancy (ULC) carry out a $3.2 million energy efficiency renovation on their Oxford Vista campus.

Key Points: 
  • AURORA, Colo., June 10, 2021 /PRNewswire/ --EnergyLink recently helped Urban Land Conservancy (ULC) carry out a $3.2 million energy efficiency renovation on their Oxford Vista campus.
  • After EnergyLink installed one of the largest solar arrays in the City of Aurora along with other critical energy improvements, the 31-acre, AmeriCorps NCCC-occupied campus is now able to reach near net zero electric: a rare feat for campuses of this size.
  • EnergyLink supports this worthy goal by providing strong economic results and a holistic approach to energy management."
  • The onsite 440 kW solar (PV) array will support yearly electric needs of the campus, while achieving near net-zero electric consumption.

IMPACT Community Capital Announces New Strategy Designed to Address the Looming Affordable Housing Preservation Crisis

Retrieved on: 
Wednesday, March 31, 2021
Insurance, Finance, Consulting, Public policy, Government, Small business, Banking, Residential Building & Real Estate, Commercial Building & Real Estate, Professional services, Construction & Property, Philanthropy, Fund Raising, Foundation, State, Local, Affordable housing, Public housing, Subsidized housing, Economic inequality, Housing in the United States, Urban Land Conservancy

The strategy seeks to preserve approximately 5,000 affordable housing units and to provide investors access to stable income through risk-adjusted returns.

Key Points: 
  • The strategy seeks to preserve approximately 5,000 affordable housing units and to provide investors access to stable income through risk-adjusted returns.
  • IMPACT has already originated the first four loans which will result in the preservation over 480 affordable housing units.
  • Few investments have as much positive impact and broad impact on a community than access to affordable housing, said Violet Osterberg, Managing Director at Pacific Life.
  • 1 Public and Affordable Research Housing Corp. and National Low Income Housing Coalition tabulation of National Housing Preservation Database figures, retrieved January 2020

Bank of America Community Development Banking Provided Record $5.87 Billion in Lending and Investing in 2020, Shattering Previous Year’s Record $4.88 Billion

Retrieved on: 
Wednesday, February 10, 2021
Banking, Professional services, Finance, Finance, Bank of America, Bank, Economy, Money, Urban Land Conservancy, Community development financial institution

Bank of America Community Development Banking (CDB) provided a record $5.87 billion in loans, tax credit equity investments, and other real estate development solutions, surpassing last years record of $4.88 billion.

Key Points: 
  • Bank of America Community Development Banking (CDB) provided a record $5.87 billion in loans, tax credit equity investments, and other real estate development solutions, surpassing last years record of $4.88 billion.
  • In the face of a very challenging year, Bank of America Community Development Banking continued to serve its clients, adapting to their changing needs throughout this health crisis, said Maria Barry, Community Development Banking national executive at Bank of America.
  • Bank of America Global Corporate and Investment Banking also provided $301 million in tax credit investments, for a total of $6.17 billion in affordable housing and economic development financing.
  • From 2005 to 2020, Community Development Banking has financed more than 250,000 housing units, of which more than 215,000 are affordable housing.

DCHFA Finances New Affordable Development in Takoma

Retrieved on: 
Monday, December 28, 2020
Affordable housing, Housing in the United States, Low-Income Housing Tax Credit, Taxation in the United States, Economy, Articles, Academic disciplines, Utah housing corporation, Urban Land Conservancy

Washington, D.C., Dec. 28, 2020 (GLOBE NEWSWIRE) -- During the holiday season the District of Columbia Housing Finance Agency (DCHFA) continued to finance affordable housing throughout the District.

Key Points: 
  • Washington, D.C., Dec. 28, 2020 (GLOBE NEWSWIRE) -- During the holiday season the District of Columbia Housing Finance Agency (DCHFA) continued to finance affordable housing throughout the District.
  • On December 22 DCHFA issued $21.5 million in tax-exempt bond financing and underwrote $9.8 million in four percent low income housing tax credits (LIHTC) for a new development at 218 Vine Street in Ward 4s Takoma neighborhood.
  • The development of 218 Vine Street will provide a new 100 percent affordable rental housing community in a thriving neighborhood with access to transportation, where affordable housing has dwindled.
  • Residents at all income levels should have the opportunity to be a part of all communities, stated Christopher E. Donald, Interim Executive Director, DCHFA.