Affordable Housing, Community Development

$75 Million Fund for “Green” Affordable Housing

 

Rose Investments, a division of Jonathan Rose Companies, and Citi Community Capital have committed $75 million to fund environmentally friendly affordable housing.  The fund will preserve affordable housing for low-moderate income families and will renovate existing multifamily housing with cost effective green technologies.

The fund will target housing near high-demand transit areas in Connecticut, New Jersey and Washington D.C, especially Section 8, Low-Income Housing Tax Credits and expiring use assets in need of renovation.

The press release is available here

 

 

 
 

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