Affordable Housing

OscarJames-San-Francisco
Affordable HousingCaliforniaDevelopmentNewsWestern

Jonathan Rose Cos. Opens $133 Million Affordable Housing Community in San Francisco

by Lynn Peisner

SAN FRANCISCO — Jonathan Rose Cos. has opened Oscar James Residences, located about 1.4 miles from the 866-acre Hunters Point Shipyard in San Francisco. This project marks New York City-based Jonathan Rose Cos.’ first ground-up development in San Francisco and its second in California. Oscar James Residences was co-developed with nonprofit partner Bayview Senior Services, though the project is conventional affordable housing, not seniors housing. The $132.9 million project was made possible through a combination of public and private funding sources, with Bank of America serving as an equity investor …

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Palladium-Oak-Grove-Fort-Worth
Affordable HousingDevelopmentNewsTexas

Palladium USA Opens Fort Worth Affordable Housing Community

by Lynn Peisner

FORT WORTH, TEXAS — Dallas-based Palladium USA has completed Palladium Oak Grove, a 240-unit affordable housing community in Fort Worth. Rent caps range from 30 to 80 percent of area median income. The project cost was approximately $60 million and was developed in partnership with the Fort Worth Housing Finance Corp. Financing came from a variety of sources, including 4 percent Low-Income Housing Tax Credits. Units are offered in one-, two- and three-bedroom floor plans. Amenities include a resort-style pool, a fitness center, a conference room, a dog park, a …

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Fairstead-Alexandria
Affordable HousingDevelopmentNewsNortheastWashington, D.C.

Fairstead Breaks Ground on $120 Million Adaptive Reuse Project in Metro D.C.

by Lynn Peisner

ALEXANDRIA, VA. — Fairstead has broken ground on an affordable housing adaptive reuse project in the Washington, D.C., suburb of Alexandria. On the site of Samuel Madden Homes, originally built to house African American defense workers during World War II, the company will build 207 residences, ranging from one- to four-bedroom units, reserved for families earning 30 to 80 percent of area median income as well as a new community food bank. Completion is slated for fall 2027. Financial partners include permanent and construction lenders Boston Financial, Freddie Mac and …

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Albertville-Meadows-Minnesota
Affordable HousingInvestment SalesMidwestMinnesotaNews

Dominium Sells Albertville Meadows for $11.2 Million

by Lynn Peisner

ALBERTVILLE, MINN. — Dominium has sold Albertville Meadows to an undisclosed buyer for $11.2 million. The property is located 32 miles northwest of Minneapolis in Albertville. Mox Gunderson, Dan Linnell, Adam Haydon and Devon Dvorak of Colliers arranged the sale. The 75-unit affordable housing community was built in 1993. To qualify, a single tenant can earn no more than $55,620 per year. Rents are capped at combined annual salaries of $63,600 for two occupants; $71,520 for three occupants; and $79,440 for units with four residents.

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Columbus-Renaissance-Housing-Columbus-Ohio
Affordable HousingInvestment SalesMarket ReportsNews

Multifamily Investor Sentiment Strengthens, Urgency Builds to Deliver More Affordable Housing, 2026 Emerging Trends Forecast Reveals

by Lynn Peisner

Commercial real estate industry leaders are more bullish on the investment prospects for the multifamily sector than they were a year ago, according to the newly released 2026 Emerging Trends in Real Estate forecast conducted by the Urban Land Institute (ULI) and PwC. Among major property types on a scale of 1 to 5 — where 1 is abysmal and 5 is excellent — multifamily (including single-family rentals) achieved a rating of 3.67, second only to mixed-use/alternative assets, which posted a rating of 3.69. The industrial/distribution sector scored 3.61, followed …

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Affordable HousingDevelopmentMidwestNewsOhio

The NRP Group Opens The Lofton in Columbus

by Lynn Peisner

COLUMBUS, OHIO — The NRP Group has completed and opened The Lofton, a 245-unit affordable housing community in the South High neighborhood of Columbus. Developed in partnership with the City of Columbus and a nonprofit group called Community Development for All People, the property’s units are reserved for households earning incomes ranging from 30 to 80 percent of area median income. The Lofton features a mix of one- to four-bedroom residences and a 3,500-square-foot ground-floor commercial space that will house a daycare operator. Amenities include a fitness center, a community …

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casa-familia-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Casa Familia, Pinnacle Break Ground on $27 Million Inclusive Community in Miami

by Lynn Peisner

MIAMI — Casa Familia and Pinnacle have broken ground on Gardens at Casa Familia, a 50-unit affordable housing property designed to serve individuals with intellectual and developmental disabilities. The $27 million project is being funded through multiple sources including Low-Income Housing Tax Credit equity. Nonprofit Casa Familia, which specializes in affordable housing for people with disabilities, partnered with Miami-based developer Pinnacle to build the community. Construction began in September, and completion is slated for the first quarter of 2027. The four-story building will feature 50 one-bedroom apartments, each equipped with …

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Abacus-Palm-Beach-Gardens
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

Abacus Breaks Ground on Arbor House in Palm Beach County

by Lynn Peisner

PALM BEACH GARDENS, FLA. — JLL has arranged a $77.5 million construction loan for New York City-based Abacus Capital Group to develop Arbor House in Palm Beach Gardens. A publicly traded real estate investment company was the lender for the four-year, floating-rate loan. JLL’s team was led by Mona Carlton, Joshua Odessky and Michael Romero. The 13-story, 302-unit Arbor House will feature an attached garage with 480 parking spaces and a 7,000-square-foot amenity deck on the eighth floor that will be the site of a wellness and fitness center, cold …

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Black-Rock-Crossing-Marquette
Affordable HousingDevelopmentMichiganMidwestNews

Woda Cooper Opens Affordable Housing Community in Marquette, Wisconsin

by Lynn Peisner

MARQUETTE, MICH. — Woda Cooper Cos. and the Keweenaw Bay Indian Community (KBIC) have opened Black Rock Crossing in Marquette. Black Rock Crossing offers 50 affordable rental homes, including 26 one-bedroom apartments and 24 two-bedroom apartments. The units are reserved for residents earning a mix of incomes ranging from 30 to 80 percent of area median income. Nine units are set aside for members of KBIC. Amenities include a second-floor outdoor terrace, a multipurpose room with a kitchenette, a fitness center, a laundry area, an outdoor playground and a patio …

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Jefferson-Quail-Creek-Denton
Affordable HousingDevelopmentNewsTexas

JPI Breaks Ground on $103 Million Workforce Housing Community in Denton, Texas

by Lynn Peisner

DENTON, TEXAS — JPI has broken ground on Jefferson Quail Creek, a $103.2 million, 415-unit development in the Dallas suburb of Denton. Located at 3855 Hudsonwood Road, Jefferson Quail Creek will include one-, two- and three-bedroom units and such amenities as a resort-style pool, a courtyard with grills, a beer garden with an outdoor kitchen and seating, a main club room with a café, a resident lounge with TVs and gaming stations, an indoor-outdoor fitness center and yoga studio, open green space and an enclosed dog park. An indoor mail …

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