Affordable Housing

Hotel Built in 1920s Reopens as Affordable Housing in Brownsville, Texas

by Lynn Peisner March 6, 2026

BROWNSVILLE, TEXAS — The Housing Authority of the City of Brownsville has opened El Jardin, an affordable housing LIHTC adaptive reuse project that converted a historic hotel, built in 1927, into 44 units of rental housing. Income caps range from 50 to 60 percent of area median income. Before the project began, the hotel sat vacant for 40 years. It operated as a hotel until the 1980s. Amenities at the renovated property include a fitness center, community garden, a play area, communal kitchen, barbecue and fitness area, a business center …

March 6, 2026

Affordable Housing Development News Texas

The NRP Group Breaks Ground on Anita Ferrales Coy Redevelopment in Austin

by Lynn Peisner March 6, 2026

AUSTIN, TEXAS — The NRP Group, in partnership with Austin Independent School District (AISD), has broken ground on Phase I of the Anita Ferrales Coy school-to-housing redevelopment in East Austin. A school operated on the 18 acres at 4812 Gonzales St. from 1916 to approximately 2018, after which time the property was used as an alternative learning center. AISD selected The NRP Group as a redevelopment partner in 2023, and last year, AISD was relocated to prepare for redevelopment. The first phase includes 341 units, while the second phase, estimated …

March 6, 2026

Affordable Housing Development News Northeast Pennsylvania

Public-Private Partners Begin $500M Philadelphia Public Housing Redevelopment

by Lynn Peisner March 4, 2026

PHILADELPHIA — The Philadelphia Housing Authority (PHA) and partners LMXD and MSquared broke ground March 2 on the first phase of the Westpark Apartments redevelopment in West Philadelphia. The project as a whole covers 12 acres and will consist of upgrading existing structures as well as building new homes. The site is home to public-housing high-rises and was developed in the early 1960s. The project cost for Phase I, accounting for 327 new units, is approximately $205 million, according to the Philadelphia Tribune. WHYY reports the total project cost to …

March 4, 2026

Affordable Housing Development Leasing & Marketing News Operations Texas

The NRP Group Opens 300-Unit Mixed-Income Property North of Dallas

by Lynn Peisner March 3, 2026

SHERMAN, TEXAS — The NRP Group and Texahoma Housing Partners have opened and begun leasing Sutton Flats, a 300-unit mixed-income community in Sherman, 65 miles northeast of Dallas. Half of the units are reserved for households earning no more than 80 percent of area median income. Monthly asking rents across the community range from $1,132 to 1,540. Amenities include a fitness center, coworking spaces with conference rooms, a game room, clubhouse and lounge, resort-style pool and a dog park. Sutton Flats residents also may rent garage parking spaces. The NRP …

March 3, 2026

Affordable Housing Development News Texas

FTK Completes $13.6M Rehab of Dallas Affordable Housing Property

by Lynn Peisner March 2, 2026

DALLAS — FTK Construction Services has completed the $13.6 million renovation of West Virginia Park, a 204-unit LIHTC property in Dallas. The property owner is April Housing, a subsidiary of Blackstone Real Estate. Renovations at the 204-unit community included new paint, cabinetry, countertops, plumbing, appliances, flooring, lighting, HVAC and water heaters. Common areas were freshly painted, and landscaping and amenity updates also were provided.

March 2, 2026

Affordable Housing Investment Sales News Washington Western

Northmarq Arranges $19.5M Sale of Affordable Housing Community in Olympia, Washington

by Lynn Peisner February 24, 2026

OLYMPIA, WASH. — Northmarq’s Seattle-based investment sales team led by Joe Kinkopf, Steve Fischerand and Tyler Smith has arranged the $19.5 million sale of Merritt Manor, an 82-unit affordable housing community located at 3335 Martin Way E. in Olympia. Northmarq represented the seller, doing business as Fourth Street’s Merritt Manor LLC. The buyer was an entity named Merritt Manor LLC. Merritt Manor was developed in 2020 and includes amenities such as a community garden, grills, a playground, electric vehicle charging stations and a lounge. Specific income restrictions were not disclosed, …

February 24, 2026

Affordable Housing Development Finance Massachusetts News Northeast

MassHousing Provides $50M for First Phase of Brockton Public Housing Redevelopment

by Lynn Peisner February 24, 2026

BROCKTON, MASS. — Massachusetts Housing Finance Agency (MassHousing) has provided $50 million for the first phase of redevelopment at the Campello Apartments campus in Brockton, approximately 24 miles south of Boston. The total project cost is $115.3 million. The distressed public housing community was built in 1972. In the first of three redevelopment phases, a new seven-story, 144-unit building will be constructed. The overall plan calls for the demolition of one single-story and two high-rise buildings, which currently include 398 public housing units. The demolished buildings will be replaced with …

February 24, 2026

Affordable Housing Architecture & Design Development Industry Voices Operations

Lemon Juice, Bank Robbers and an Affordable Housing Cautionary Tale

by Lynn Peisner February 23, 2026

By Mark English One of the most famous illustrations of the Dunning–Kruger effect dates back to 1995 in Pittsburgh where two men robbed a bank in broad daylight without wearing masks, sunglasses, fake mustaches or any form of disguise. Unsurprisingly, they were quickly identified on closed-circuit television and arrested. What stunned law enforcement — and later the academic community — was the explanation the suspects offered. They genuinely believed that by rubbing lemon juice on their faces, they would be invisible to security cameras. Their reasoning was that lemon juice …

February 23, 2026

Affordable Housing Development New Jersey News Northeast

WinnDevelopment and Partners Launch Construction of $26M Renovation of Carroll Street Houses in Paterson, New Jersey

by Lynn Peisner February 23, 2026

PATERSON, N.J. — WinnDevelopment, ART-JIUS, a locally based developer, and Rising Dove Carroll Street Houses, a nonprofit affiliate of Paterson’s Second Baptist Church, have begun the redevelopment of Carroll Street Houses, an 88-unit affordable housing community in Paterson. The $26 million renovation of the townhome-style property, originally developed in 1977, is anticipated to be complete within 18 months. Residents will remain in-place during construction. The LIHTC project will ensure rents remain affordable to households earning at or below 80 percent of area median income for the next 30 years. Rising …

February 23, 2026

Affordable Housing Investment Sales News Southeast West Virginia

MMG Arranges Trade of Affordable Housing Property in Charleston, West Virginia

by Lynn Peisner February 17, 2026

CHARLESTON, W.V.A. — MMG Real Estate Advisors has arranged the sale of Vista View, a 333-unit affordable housing community located at 1300 Renaissance Circle in Charleston. The transaction was handled by MMG’s Kyle Shoemaker and Bill Brading. Vista View is a Housing Assistance Payment (HAP) and Low-Income Housing Tax Credit (LIHTC) property that was sold by Ten South Management. MMG arranged a capital structure that allows the undisclosed buyer to acquire and renovate the property via financing arranged through KeyBank.

February 17, 2026

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