by Kipp Gillian | Sep 2, 2025 | Affordable Housing
Atlas, the first of Linc Housing’s four Project Homekey apartment buildings in the Los Angeles area. Image courtesy of Linc Housing Nonprofit developer Linc Housing has opened Atlas, a 127-unit affordable and supportive housing community in Los Angeles. The new...
by Kipp Gillian | Sep 2, 2025 | Affordable Housing
Swiss Gables Apartments, now owned by The Spokane Indian Housing Authority. Image courtesy of Kidder Mathews The Spokane Indian Housing Authority has purchased Swiss Gables Apartments, a 108-unit apartment property in Kent, Wash., a suburb of Seattle. The asset...
by Kipp Gillian | Sep 1, 2025 | Affordable Housing
Completed in 1972, Park Kiely is less than 7 miles from downtown San Jose. Image courtesy of Yardi Matrix The joint venture of Standard Communities, Housing on Merit and Vistria Real Estate has acquired Park Kiely, a 948-unit community in San Jose, Calif., for $370...
by Kipp Gillian | Aug 27, 2025 | Affordable Housing
Hope Estates’ 38 units will be a mix of one-, two- and three-bedroom units spread across nine two-story buildings. Image courtesy of WNC & Associates. A partnership between WNC & Associates, EmberHope and Riverstone Platform Partners has broken ground on...
by Kipp Gillian | Aug 25, 2025 | Affordable Housing
The Raleigh skyline. Image by Joe A Chansak/Adobe Stock Avanti Residential Housing and the nonprofit East Carolina Community Development have formed a partnership to develop Battle Bridge Apartments, a $50 million affordable housing community for seniors in Raleigh,...
by Kipp Gillian | Aug 21, 2025 | Affordable Housing
Wild Pines of Naples was built in phases between 1968 and 2001, and Interstate Properties plans several updates for the property. Image courtesy of Yardi Matrix. Interface Properties has acquired Wild Pines of Naples, a 10-building, 200-unit apartment community in...
by Kipp Gillian | Aug 21, 2025 | Affordable Housing
The community room at Thatcher Yard. Image courtesy of Thomas Safran & Associates Thomas Safran & Associates has opened Thatcher Yard, an eight building, 98-unit affordable housing community located in Marina del Rey, Calif., in western Los Angeles. The...
by Kipp Gillian | Aug 21, 2025 | Affordable Housing
A rendering of Elm Apartments, WNC’s fourth development in Portland. Image courtesy of WNC & Associates WNC & Associates is teaming up with Avesta Housing and Reveler Development to develop 89 Elm Apartments, an $87.8 million, 201-unit affordable housing...
by Kipp Gillian | Aug 20, 2025 | Affordable Housing
Rishab Mehan & Jennifer Hoyle share insights about the Chicago Housing Authority’s approach to easing the affordability concerns in the area. Images courtesy of Chicago Housing Authority At its core, the Chicago Housing Authority aims to support residents...
by Kipp Gillian | Aug 19, 2025 | Affordable Housing
While The Residences at Rubi is PPR’s first ground-up project, the firm previously purchased a townhome-style community in Brown Deer, Wisc., called The Villas at Foxwood, seen here. Image courtesy of PPR Capital Management PPR Capital Management has completed...
by Kipp Gillian | Aug 19, 2025 | Affordable Housing
Earlier this year, Greystone originated a $90 million loan for this 317-unit property in Yonkers, N.Y. Image courtesy of Greystone Greystone Real Estate Capital has closed its first LIHTC investment vehicle at $103 million. Proceeds will fund the development and...
by Kipp Gillian | Aug 18, 2025 | Affordable Housing
Last April, Greenpoint Landing opened the fully affordable community at 35 Commercial Street. Image courtesy of Handel Architects A joint venture between Domain Cos., LMXD and master developer Park Tower Group, has received $114 million in financing for the next phase...
by Kipp Gillian | Aug 15, 2025 | Affordable Housing
The $40 million project is transforming the former Springfield Fire and Marine Insurance Co. building into 62 affordable housing units. Photo courtesy of WNC & Associates A joint venture between WNC & Associates and First Resource Development Cos. has...
by Kipp Gillian | Aug 15, 2025 | Affordable Housing
Situated in a highly desirable submarket of Arlington, the community provides access to Tyrol Hill Park and Long Branch Nature Center. Image courtesy of Insight Property Group LEO Impact Capital, the workforce housing investment management platform of JBG SMITH,...
by Kipp Gillian | Aug 13, 2025 | Affordable Housing
In signing the One Big Beautiful Bill, President Trump made Opportunity Zones a permanent part of the Tax Code. Image courtesy of Whitehouse.gov The “One Big Beautiful Bill” puts a lot of faith in a revamped and now permanent Opportunity Zone program to revitalize...
by Kipp Gillian | Aug 13, 2025 | Affordable Housing
Veronica Gonzalez Faith-based institutions are among the country’s largest landowners—and increasingly, vital allies in solving the affordable housing crisis. The YIGBY (Yes in God’s Backyard) movement is growing and spawning positive actions such as new laws being...
by Kipp Gillian | Aug 11, 2025 | Affordable Housing
A joint venture of Langdon Park Capital and Standard Real Estate Investments has acquired an 84-unit workforce housing community in Azusa, Calif. Located in the San Gabriel Valley about 25 miles east of downtown Los Angeles, the property will operate under a long-term...
by Kipp Gillian | Aug 7, 2025 | Affordable Housing
The announcement by FHFA ensures there will be increased demand for LIHTC credits to match the increased supply, noted Julie Sharp, an executive vice president One month after Congress approved the largest expansion of the Low-Income Housing Tax Credit program in...
by Kipp Gillian | Aug 7, 2025 | Affordable Housing
Odell predicts that modular construction in the residential sector will become increasingly accepted and cost-effective. Image courtesy of HED While still met with skepticism in some circles, modular housing is increasingly proving its value—especially in the...
by Kipp Gillian | Aug 5, 2025 | Affordable Housing
Bedrock is the developer of City Modern, a newly completed development with 450 residences in Detroit’s Brush Park neighborhood. Image by John D’Angelo/courtesy of Bedrock Over the past decade, Bedrock, one of Detroit’s most prolific developers, has been...
by Kipp Gillian | Aug 4, 2025 | Affordable Housing
The District of Columbia Housing Finance Agency has financed the development of a $100 million affordable housing project in Columbia Heights neighborhood of Washington, D.C. Harvard Court Apartments in the Columbia Heights section of Washington, D.C. Rendering by...
by Kipp Gillian | Aug 4, 2025 | Affordable Housing
Miami-Dade County has approved an $880 million transit-oriented development under Florida’s Live Local Act. The project, dubbed The HueHub, will encompass 4,032 workforce housing units, marking the largest-ever proposal under the Sunshine State’s housing bill. Besides...
by Kipp Gillian | Jul 31, 2025 | Affordable Housing
Rendering of 420 Carroll St., that features 360 apartment units and 26,700 square feet of retail space. Image courtesy of JLL A joint venture between Domain Cos. and Silverstein Properties have secured a $205 million financing package for 420 Carroll, St., a 360-unit...
by Kipp Gillian | Jul 31, 2025 | Affordable Housing
A rendering of El Camino Real, which will have residences available for renters from a variety of income brackets. Image courtesy of WNC & Associates A joint venture between WNC & Associates, MirKa Investments LLC and Mission Neighborhood Centers, Inc. is...
by Kipp Gillian | Jul 30, 2025 | Affordable Housing
The 396-unit Madrone development is the first phase of a complex that will contain 800 units at full build-out. Image courtesy of Pacific Development. A joint venture between Pacific Development and PGIM Real Estate has obtained a $97 million construction loan to...
by Kipp Gillian | Jul 30, 2025 | Affordable Housing
Another affordable BTR project by Dominium in the Phoenix market is Saddleback Village at Stonegate. The community is on track for completion next year. Image courtesy of Dominium Dominium is on track to expand its affordable build-to-rent inventory with another...
by Kipp Gillian | Jul 29, 2025 | Affordable Housing
Apartments are reserved for people earning between 60 and 80 percent AMI. Photo courtesy of DeSophy Creative Agency via Merchant Capital. Affordable housing developer Tredway, has secured a $60.5 million balance sheet acquisition loan for the preservation of Ocean...
by Kipp Gillian | Jul 28, 2025 | Affordable Housing
The design of the 54-unit community is fit to meet the U.S. Department of Energy Zero Energy Ready Home standards. Rendering courtesy of The NHP Foundation. The NHP Foundation has started construction on Galena Apartments, a 54-unit all-electric workforce housing...
by Kipp Gillian | Jul 25, 2025 | Affordable Housing
Ashley Fickel As California braces for yet another fire season—essentially year-round at this point—owners and operators of multifamily housing must prepare for increasingly volatile conditions. Beyond the immediate threat to life and property, wildfires and other...
by Kipp Gillian | Jul 25, 2025 | Affordable Housing
Wynwood Haus, which finished construction last year. The community was recapitalized with a $56 million loan from Fannie Mae. Photo courtesy of Berkadia A joint venture between LD&D and IGEQ, alongside Black Salmon and Bridge Investment Group has landed a $56...
by Kipp Gillian | Jul 25, 2025 | Affordable Housing
Besides renovating 22 structures, the redevelopment process includes the construction of a new four-story building. Image courtesy of WNC & Associates WNC & Associates and the Portland Housing Authority will redevelop, rehabilitate and expand Riverton Park in...
by Kipp Gillian | Jul 24, 2025 | Affordable Housing
Johnson leads national efforts in project finance and structured lending for affordable housing and community development. His role spans acquisition, construction and permanent lending, as well as oversight of tax credit and Community Reinvestment Act strategies....
by Kipp Gillian | Jul 24, 2025 | Affordable Housing
Monticello Park has 17 such buildings that rise between two and three stories. Image courtesy of Yardi Matrix Broad Management Group has purchased Monticello Park, a 192-unit, affordable housing community in Myrtle Beach, S.C., Yardi Matrix data shows. Douglas...
by Kipp Gillian | Jul 22, 2025 | Affordable Housing
Jonathan Rose deployed capital from Fund VI for the acquisition of this 186-unit, mixed-income asset in Chicago, dubbed Webster House. Image courtesy of Jonathan Rose Cos. Jonathan Rose Cos. has closed its Affordable Housing Preservation Fund VI at $660 million. This...
by Kipp Gillian | Jul 17, 2025 | Affordable Housing
Paulsboro Gardens, a 70-year-old New Jersey apartment community where the new owner is planning significant renovations. Image courtesy of Yardi Matrix Property Resources Corp. has acquired Paulsboro Gardens Apartments, a 150-unit affordable housing complex in...
by Kipp Gillian | Jul 15, 2025 | Affordable Housing
Kelly Station will feature a five-story podium-style building atop an above-grade precast parking garage. Rendering courtesy of McShane Construction Company. Affordable Housing development and management company Volker Development, has announced plans for the...
by Kipp Gillian | Jul 11, 2025 | Affordable Housing
When Congress passed the reconciliation package known as the One Big Beautiful Bill last week, it contained long-awaited provisions to expand and strengthen the Low-Income Housing Tax Credit. The changes to the nearly 40-year-old LIHTC program are expected to finance...
by Kipp Gillian | Jul 11, 2025 | Affordable Housing
Developers expect completion of Brownville Arts Center & Apartments at the end of 2027. Rendering courtesy of Gilbane Development A partnership of Gilbane Development, Blue Sea Development, Artspace Projects, as well as the City and State of New York, has...
by Kipp Gillian | Jul 10, 2025 | Affordable Housing
The adaptive reuse process complemented the historic school’s Neoclassical Doric architecture style. Image courtesy of Woda Cooper Cos. Woda Cooper Cos. and Franklin Development Association have opened Starling Yard, a 97-unit affordable housing community. The...
by Kipp Gillian | Jul 10, 2025 | Affordable Housing
Upon completion, Residences at Beverly Park will rise 10 stories and feature one- to three-bedroom floorplans. Rendering by CFM Architects, courtesy of NuRock Cos. NuRock Cos. has secured a $38.7 million debt package for Residences at Beverly Park, a 115-unit...
by Kipp Gillian | Jul 9, 2025 | Affordable Housing
Image by Volodymyr Kyrylyuk/stock.adobe.com Upward of 300 federal, state and local programs are layered within the capital stack of 27,000 fully affordable multifamily properties, according to a new Yardi Matrix study. In exchange for such funds, owners are legally...
by Kipp Gillian | Jul 7, 2025 | Affordable Housing
The property is 89.8 percent occupied as of June 2025. Image courtesy of Yardi Matrix. Warren Manor Apartments, a 479-unit multifamily property located in Warren, Mich., has received a $38.5 million refinancing loan provided by Bellco Credit Union. The deal was...
by Kipp Gillian | Jul 7, 2025 | Affordable Housing
Sunflower Terrace Apartments, which will undergo property-wide renovations over the next year. Image courtesy of Fairstead Fairstead has closed on $20 million for the purchase and rehabilitation of Sunflower Terrace Apartments, a 160-unit affordable housing community...
by Kipp Gillian | Jul 7, 2025 | Affordable Housing
“Our goal is not to erase the past, but to build upon it,” said Purohit. Image courtesy of CBT Architects Once an outdated public housing property in South Boston, the Mary Ellen McCormack complex is finally undergoing large-scale rehabilitation. The...
by Kipp Gillian | Jul 3, 2025 | Affordable Housing
A rendering of 3850 Blake, a new development in Denver by Formativ. Image courtesy JLL Real estate developer Formativ has obtained a $65.5 million construction loan for 3850 Blake, a 310-unit multifamily development in Denver. Construction began in June, with...
by Kipp Gillian | Jul 3, 2025 | Affordable Housing
Governor Gavin Newsom signed the CEQA changes into law along with other housing and infrastructure reforms. Image courtesy of gov.ca This week, multifamily investment and development professionals in California are applauding major updates to a 50-year-old...
by Kipp Gillian | Jul 2, 2025 | Affordable Housing
Saddleback Village, a215-unit affordable build-to-rent project located in Phoenix, Ariz. Walker & Dunlop arranged a $45.7 million Freddie Mac loan and $41.5 million in LIHTC equity for the project’s development. Rendering courtesy of Dominium Walker...
by Kipp Gillian | Jul 1, 2025 | Affordable Housing
Image by Francesco Scatena/iStockphoto.com In fighting the housing crisis, many cities and states are crafting legislation and zoning amendments that make development easier. Very often, that includes provisions specifically aimed at facilitating the development of...
by Kipp Gillian | Jun 30, 2025 | Affordable Housing
A rendering of 1709 Surf Ave., phase 3 of the Coney Island Affordable development. Image courtesy of BFC Partners BFC Partners has received a $250 million construction loan for a 420-unit building at 1709 Surf Ave. in Coney Island. The project, the third and final...
by Kipp Gillian | Jun 30, 2025 | Affordable Housing
Office conversions in Chicago are growing. As major markets continue to battle high vacancy, more and more owners are turning to adaptive reuse as a potential solution to revitalize these assets and avoid too much loss of value. The metro has joined several other...
