The Pickaway Metropolitan Housing Authority (PMHA) acquired Eden Place, a property they had managed for thirty-seven years. Eden Place is a new regulation, Section 202/8 property that serves an elderly population. The property’s rents were quite low, as they were budget-derived, and the property needed an aesthetic uplift! Now that PMHA owns the property, […]
Join us for a two-day virtual training on HUD’s “RAD for PRAC” Conversion program. Owners and managers of PRACs, as well as those in the industry that work with them, will want to tune in to hear how PRACs can be converted to 20-year Section 8 contracts, and why an owner may want to do
RAD for PRAC Webinar Read More »
It is an exciting time for Christian Church Homes (CCH) who recently refinanced two of their multifamily Project-Based Section 8 projects in the greater Portland, Oregon area! The Sunstone Team began working with CCH when they decided to prepay their two direct 202 HUD loans. We created the prepayment packages for Mattie Younkin Manor and
Christian Church Homes of Northern California Read More »
Hats off to Vancouver Housing Authority (VHA) for its continued preservation endeavors to improve and sustain existing affordable housing in the city of Vancouver, Washington! Recently VHA closed on a tax credit transaction which will substantially renovate Columbia House (151 units) and Anthem Park (58 units) apartments. Sunstone’s role was to lead the Project-Based
Columbia House Mark Up to Market Read More »
In anticipation of the rescheduled in-person 2-day RAD for PRAC training in Everett, WA in September, Sunny and Cindy will be co-hosting a 90-minute mini-webinar for PRAC owners and managers. We will focus on immediate steps that should be considered when working on the next BBRI and to prepare for a possible RAD conversion.
RAD for PRAC WEBINAR–Planning for a Rent Increase and Possible Conversion Read More »
Congratulations to the dedicated non-profit owner Episcopal Management Corporation and manager Danville Development of St. Mark’s Tower for the preservation and rehabilitation of their landmark 99-unit senior property in Salt Lake City, Utah! Sunstone was involved with the strategic planning and executing the actions to obtain as improved Section 8 rents via a Chapter
St. Mark’s Tower: Another Revitalized Affordable Housing Project! Read More »
Hello and welcome to The Sunstone Team’s brand new website!
Welcome to thesunstoneteam.com Read More »
