Fairfield today announced the completion of the construction of Verge Apartments along the BeltLine’s Southside Trail in Atlanta, GA. The multifamily community located at 125 Milton Ave SE offers 319 studio, 1- and 2-bedroom units, including 48 designated affordable units.
Fairfield today closed on the acquisition of Greens of Pine Glen, a 168-unit affordable housing community in Durham, NC, offering a mixture of two- and three-bedroom townhome and garden-style apartments.
Alaska Permanent Fund Corporation (APFC) is investing $300m (€285m) in the Fairfield Affordable Housing Preservation Fund, according to a board meeting document.
Capital One announced today that it has provided more than $29 million in financing to Fairfield for the renovation of Grand Oaks Apartment Homes, a 216-unit affordable housing community in Chester, Virginia. The transaction included a new Low Income Housing Tax Credit (LIHTC) allocation and preserves the long term affordability of the property.