Preserving Affordable Housing: Wah Luck House
Fannie Mae video details preservation of at-risk Washington, D.C., development. Built in the early 1980s, Wah Luck House is one of the last remaining affordable housing properties in Washington, D.C.’s Chinatown. In 2017, Fannie Mae and Greystone provided $50 million of low-cost financing to keep the 153-unit property affordable. In addition to being preserved as […]
Affordable Apartment Complex in Miami Beach Sells for $32M
The Four Freedoms House, an affordable apartment complex for seniors in Miami Beach, was sold for $32 million. FFMB Housing Partners, a nonprofit managed by Jeffrey A. Gidney, sold the 210 apartments at 3800 Collins Ave. to Four Freedoms Renewal, an affiliate of North Bethesda, Maryland-based nonprofit Foundation Housing. The price equated to $152,381 per […]
Residents of Wah Luck House Have Endured Difficult Living Conditions to Remain in Downtown D.C.
Wah Luck House stands on the corner of 6th and H streets NW in the heart of D.C.’s shrinking Chinatown. Just around the corner from the Friendship Archway, this low-income apartment complex houses—in its 153 units—the majority of the remaining Chinese immigrant population in Chinatown. A Taiwanese immigrant named Alfred H. Liu designed both Wah […]
The History Of Wah Luck House And The Future Of Affordable Housing In D.C.
At the corner of 6th and H Street NW is Wah Luck House, a building of affordable housing units which is home to the most densely-concentrated group of Chinese residents in D.C. Over the past 40 years, Wah Luck residents have seen the Chinatown and Gallery Place neighborhoods around them drastically change. And recently, they […]
MassHousing Provides $9.9 Million in Financing for the Acquisition, Renovation and Preservation of Colonial Village
MassHousing has closed on $9.9 million in affordable housing financing to an affiliate of Pennant Housing Group for the acquisition, renovation and preservation of the 89-unit Colonial Village Apartments in Weymouth. The transaction resolves an expired long-term affordability restriction and preserves affordability at the 89-unit property, which is home to low-income senior citizens, for at least 15 […]
