Pierce County, City of Tacoma, Washington State Department of Commerce and the Low Income Housing Institute (LIHI) recently celebrated the grand opening of Kingfisher Village, a new tiny home village in South Tacoma.
The new residential project at 1824 S. 84th Street will offer 60 units of affordable housing to people experiencing homelessness and living near public rights-of-ways, like highways, on- or off-ramps, under bridges, and more.
According to LIHI, the site cost $2 million to construct. The tiny homes were built with help from volunteers, including high school students. LIHI is partnering with Pierce County and the State Encampment Resolution Program at the Department of Commerce to operate Kingfisher Village as a 24/7 enhanced shelter on LIHI-owned land.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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