By Jamee A. Pierson Newton Daily News March 16, 2018 McCann Village was one of 12 properties to receive federal housing tax credit from the Iowa Finance Authority. IFA announced Wednesday the senior apartment complex would receive $733,184 to rehabilitate the residence. Wishrock Housing Partners, of Portland, Maine, is the developer behind the renovation at… Read more »
Posts Categorized: Development
WISHROCK ACQUIRES 176-UNITS IN BRISTOL, CT
WISHROCK Housing Partners has acquired the 176-unit Coppermine Village Apartments in Bristol, CT, from a locally-based non-profit. Working with the Mercy Loan Fund and the Boston Financial PAC Fund, WISHROCK was able to preserve the affordability of this family property and has planned a set of improvements to enhance the energy and water efficiency of… Read more »
LIHTCs, RAD Save Affordable Housing for Vulnerable Populations in Baltimore Suburb
MARK O’MEARA, SENIOR WRITER, NOVOGRADAC & COMPANY LLP It is important to preserve affordable housing, especially for vulnerable populations. WISHROCK Investment Group did just that in Towson, Md., when it purchased Tabco Towers, a 200-apartment building reserved for low-income seniors and people with disabilities. “This was an existing affordable housing community. The odds were high… Read more »
RIO VISTA GOES SOLAR AND ACHIEVES NATIONAL GREEN CERTIFICATION
November 13, 2017 Albuquerque, NM – WISHROCK celebrates its first Enterprise Green Communities Certified* development in New Mexico: Rio Vista Apartments. The most visible measure is an on-site solar array that will help transition the property to a clean energy future. Numerous other building improvements – including resilient flooring, ENERGY STAR appliances, a cutting edge… Read more »
PRESERVING GREEN AFFORDABLE HOUSING FOR SENIORS
Portland, ME – Today, WISHROCK celebrated its first Enterprise Green Communities Certified* development in Maine: Loring House Apartments. This historic building, formerly Portland City Hospital, underwent a complete transformation to preserve affordable, healthy housing and to lower utility costs. WISHROCK partnered with the Portland Housing Authority, the City of Portland, HUD, Northern New England Housing… Read more »
Skyline Apartments Designated as Blighted and Substandard
BY Michael Shively | November 21, 2016 The Norfolk City Council unanimously approved a study on Monday night that declares the Skyline Apartment building and surrounding area as blighted and substandard. This gives the developer an opportunity to use tax increment financing (TIF) to improve the property. Community Planner for Northeast Nebraska Economic Development District… Read more »
Chattanooga City Council approves tax break to save Jaycee Tower
Jaycee Tower, located at 500 W. M.L. King Blvd. Photo by Contributed Photo /Times Free Press. The Chattanooga City Council has approved a 41-year tax break for a developer to completely overhaul one of the Jaycee Towers and keep its doors open for the low-income seniors who live there. Jaycee Future Corporation, the nonprofit… Read more »
WISHROCK CELEBRATES GREEN AFFORDABLE HOUSING COMMUNITY
Tuesday, August 23, 2016 Owings Mills, MD – Today, Wishrock celebrates its first Enterprise Green Communities Certified* development, Timbercroft Townhomes. Timbercroft is a multifamily affordable housing development in Owings Mills, Maryland, which was recently redeveloped — resulting in reduced energy use, improved building durability, and a healthier living environment. Wishrock received support from the… Read more »
Portland / Missoula – based real estate firm invests $12.7M
Portland / Missoula-based real estate firm raises $12.7M BY Lori Valigra 5/19/2014 Timbercroft Housing LLC has raised $12.74 million for an affordable housing project in Owings Mills, Maryland, according to a Securities and Exchange Commission filing. Listed on the equity filing is Bryan Shumway, who is a principal with Wishrock Investment Group. Wishrock in turn is a… Read more »
$13 million investment proposed for high crime Edgewood neighborhood
BY DAVID ANDERSON, daanderson@baltsun.com 9:47 a.m. EDT, July 14, 2014 The Windsor Valley neighborhood has been the scene of a fatal shooting and four nonfatal stabbings during the past two weeks, part of a larger recent pattern of violence in the Edgewood area of Harford County, but that could change with an investment of millions… Read more »