Thursday, February 20, 2025
Read the Digital Magazines Subscribe to the Newsletter

Affordable Housing

The Rushmore in Houston
Affordable HousingDevelopmentFinanceNewsTexas

Housing Trust Group Breaks Ground on $33.8 Million Affordable Housing Project in Houston

by Channing Hamilton

HOUSTON — Housing Trust Group (HTG) has begun construction on The Rushmore, a $33.8 million mixed-income housing project located at 800 Highway 6 South in Houston’s Energy Corridor. The unit mix will include 32 one-bedroom, 50 two-bedroom and 19 three-bedroom units. Monthly rates will range from $532 to $1,875. The Rushmore will offer 16 market-rate apartments, as well as 85 units for residents earning at or below 30, 50 and 60 percent of the area median income. Planned amenities include a pool, community clubroom, workroom, fitness center, game room and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Terracina at Whitney Ranch in Rocklin, California
Affordable HousingCaliforniaDevelopmentNewsWestern

USA Properties Fund Delivers $104 Million Affordable Housing Project in Rocklin, California

by Channing Hamilton

ROCKLIN, CALIF. — USA Properties Fund has completed Terracina at Whitney Ranch, a $104 million affordable housing property in Rocklin, 21 miles northeast of Sacramento, California. Located at 801 University Ave., Terracina at Whitney Ranch offers 288 units for households that earn between 30 and 70 percent of the median income for Placer County, California. Apartments come in one-, two- and three-bedroom floor plans. Rents for one-bedroom units range from approximately $592 to $1,374 per month, depending on household income, while three-bedroom apartments range from $781 to $2,007 per month. Residents …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ogden Theater Apartments in New York City
Affordable HousingDevelopmentNew YorkNewsNortheast

Co-Developers Break Ground on $66 Million Affordable Housing Community in the Bronx

by Channing Hamilton

NEW YORK CITY — NCV Capital Partners and Unique People Services have broken ground on Ogden Theater Apartments, an 85-unit affordable housing development in the Highbridge neighborhood of the Bronx. Total capitalization for the project is $66 million. Located at 1415 Ogden Ave., Ogden Theater Apartments will feature 51 units of supportive housing for formerly homeless individuals, as well as 34 units for households who receive assistance paying rent through the Housing Choice Voucher program or who are earning at or below 60 percent of the area median income. Amenities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ventana Residences in San Francisco
Affordable HousingCaliforniaFinanceNewsWestern

Partnership Receives $108.3 Million Loan for Recapitalization of Mixed-Income Asset in San Francisco

by Channing Hamilton

SAN FRANCISCO — Presidio Bay Ventures and American Realty Advisors have secured a $108.3 million loan for the recapitalization of Ventana Residences, a 193-unit community in San Francisco. Ventana Residences was built in 2023. According to the property website, the community offers studio, one-, two- and three-bedroom floor plans. Residents have access to amenities such as two roof deck lounges, a coworking hub with work-from-home spaces and conference rooms, indoor-outdoor fitness center, children’s playground, pet park, electric vehicle chargers, Wi-Fi connectivity and a package room. Gantry brokered the recapitalization, which …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingFinanceInvestment SalesNewsNortheastPennsylvania

Lument Provides $24.8 Million Acquisition Loan for Affordable Housing Asset in Levittown, Pennsylvania

by Channing Hamilton

LEVITTOWN, PA. — Lument has provided a $24.8 million Freddie Mac acquisition loan for an affordable housing complex in Levittown, approximately 27 miles northeast of Philadelphia. The property was completed in 1972 and offers amenities such as clubhouse, fitness center, playground and outdoor grilling stations. The name of the asset was not disclosed. The buyer was an affiliate of New Jersey-based owner-operator Silverstein Properties. John Hurley of Lument originated the financing, which carried a five-year term and a 35-year amortization schedule, on behalf of the buyer. Zach Schwartz of Brook …

Continue Reading
0 FacebookTwitterLinkedinEmail
Rainbow Village in Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Housing Trust Group Breaks Ground on $185 Million Mixed-Use Project in Miami

by Channing Hamilton

MIAMI — Housing Trust Group (HTG) has broken ground on Rainbow Village, a $185 million mixed-use development with 310 affordable housing units in Miami. Spanning 698,000 total square feet, Rainbow Village will also offer about 12,000 square feet of retail space, 50,000 square feet of amenity space and 442 parking spaces. Located at 2000 NW 3rd Ave., Rainbow Village will offer 30 studios, 163 one-bedroom units, 85 two-bedroom residences, 28 three-bedroom units, and 4 four-bedroom apartments. The community will be reserved for households earning at or below 30, 50, 60, 70 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Los Arcos at Vida in San Antonio
Affordable HousingDevelopmentNewsTexas

NRP Group Delivers $81 Million Affordable Housing Project in San Antonio

by Channing Hamilton

SAN ANTONIO — Cleveland-based developer The NRP Group has completed Los Arcos at Vida, an $81 million affordable housing project in San Antonio. Located within the 600-acre Vida master-planned development, Los Arcos at Vida consists of 324 apartments, which are reserved for households earning between 30 and 70 percent of the area median income.  Units come in one-, two, three- and four-bedroom floor plans. Community amenities include a pool with a sundeck, barbecue grills and picnic areas, a conference center and cybercafé, activities room, community garden, playground and laundry facilities.  …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lakeshore at Preston Apartments in Plano, Texas
Affordable HousingInvestment SalesNewsTexas

Comunidad Partners Purchases 302-Unit Affordable Housing Asset in Plano, Texas

by Channing Hamilton

PLANO, TEXAS — Comunidad Partners, an Austin, Texas-based investment firm that specializes in affordable and workforce housing, has acquired Lakeshore at Preston Apartments in Plano, 20 miles north of Dallas. CBRE represented Comunidad Partners and the seller, Chicago-based Waterton, in the transaction. Lakeshore at Preston Apartments consists of 302 apartments in one- and two-bedroom floor plans. The community is reserved for households earning 80 to 100 percent of the area median income. Amenities include a pool, lounging areas, pickleball court and beach volleyball courts.

Continue Reading
0 FacebookTwitterLinkedinEmail
Union at River’s Edge in Des Moines, Iowa
Affordable HousingDevelopmentFeatures

Affordable Housing Creativity Born Out of Necessity

by Channing Hamilton

Housing affordability continues to be a pressing issue across the country. According to the National Low Income Housing Coalition, the U.S. has a shortage of 7.3 million rental homes affordable and available to renters with extremely low incomes.  There are 34 affordable and available rental homes for every 100 extremely low-income renter households, which are defined as households either at or below the federal poverty guideline or 30 percent of the area median income (AMI), whichever is higher. “The country is facing a severe shortage of high-quality affordable housing, with …

Continue Reading
0 FacebookTwitterLinkedinEmail
188 South Essex Ave. in Orange, New Jersey
Affordable HousingDevelopmentNew JerseyNewsNortheast

Gateway Receives Site Plan Approval for $350 Million Project in Orange, New Jersey

by Channing Hamilton

ORANGE, N.J. — Gateway Merchant Banking has secured site plan approval from the City of Orange Township Planning Board for the redevelopment of 188 South Essex Ave. The $350 million phased redevelopment project will convert the former Orange Memorial Hospital into a mixed-use development with 1,005 apartment units. Apartments will come in one-, two- and three-bedroom layouts. Up to 20 percent of the units will be set aside as affordable housing units. Additionally, Gateway states that it is pursuing partnerships in order to bring senior and student housing to the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.