Greystone provided $55 million in HUD-insured loans to refinance three affordable housing properties in Fort Worth and McKinney, Texas. The financing was originated by Miryam Reinitz-Kops and Jon Morales, of Greystone on behalf of Atlantic Housing Foundation, Inc. (AHF)
The three properties total 622 units: Quail Ridge (296 units), Silver Leaf (176 units), and Redbud (150 units), and offer amenities including community centers, playgrounds, and on-site laundry facilities. The HUD-insured financing enables long-term preservation and continued affordability for all three properties.
“These transactions reflect Atlantic Housing Foundation’s ongoing commitment to the long-term preservation of affordable housing in Texas,” said Michael Nguyen, President & CEO, AHF. “Through this vehicle, AHF was able to revitalize and invest back into the assets as part of AHF’s greater mission to extend the useful life of much-needed housing in the region.”
As a nonprofit organization, AHF builds, renovates, and operates affordable apartment communities that meet the needs of low—to moderate-income residents.
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