Affordable Housing

The Perch PDX in Portland, Oregon
Affordable HousingDevelopmentFeaturesFinanceMidwestNevadaNortheastSoutheastTexasWestern

Industry Says Biden’s Proposed Rent Cap Would Punish Tenants

by Channing Hamilton

WASHINGTON, D.C. — The Biden administration has called on Congress to pass rent-control legislation that would affect more than 20 million rental homes across the country. Under the proposed rule, landlords with more than 50 units in their portfolios would forfeit federal tax breaks if they raise rents annually more than 5 percent on their existing units.  If passed, this rule would be in force beginning this year and would last through 2026. The plan would include an exception for new construction and for units currently undergoing substantial renovation or …

Continue Reading
0 FacebookTwitterLinkedinEmail
36N in Tulsa, Oklahoma
Affordable HousingDevelopmentNewsOklahomaTexas

Pennrose, Tulsa Housing Authority to Develop $190 Million Mixed-Income Project in Tulsa, Oklahoma

by Channing Hamilton

TULSA, OKLA. —  A public-private partnership consisting of Pennrose and the Tulsa Housing Authority will develop 36N, a $190 million mixed-income project in Tulsa. The partnership will redevelop the existing property at the site, a 271-unit community called Comanche Park Apartments, and construct an additional 274 units from the ground up. Once completed, 36N will comprise 545 apartments. The development is part of a larger revitalization initiative known as Envision Comanche. The project will also feature single-family homes, as well as a grocery store, urban farm and dedicated wilderness area. Vertical …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sack Wern Houses in New York City
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Partnership to Undertake $275 Million Renovation of Affordable Sack Wern Houses in the Bronx

by Channing Hamilton

NEW YORK CITY — A partnership consisting of locally based firm Douglaston Development, investor Asland Capital Partners, nonprofit organization Breaking Ground and the New York City Housing Authority (NYCHA) will conduct a $275 million renovation of Sack Wern Houses in the Soundview neighborhood of The Bronx. The affordable housing community comprises seven buildings and is home to more than 800 residents. The rehabilitation will cover more than 400 apartment units, as well as common areas and building infrastructure and utility systems. The renovation will be carried out through the NYCHA’s …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aeolian Building in Meriden, Connecticut
Affordable HousingConnecticutDevelopmentFinanceNewsNortheast

Trinity Financial Secures $51.5 Million in Financing for Conversion Project in Meriden, Connecticut

by Channing Hamilton

MERIDEN, CONN. — KeyBank has provided $51.5 million in financing for a conversion project in Meriden, located about halfway between New Haven and Hartford. The sponsor, Trinity Financial, will use the funds to redevelop the former manufacturing facility of musical instrument maker Aeolian Co. into a mixed-income community. The historic building is located at 85 Tremont St. and was originally constructed in 1887. Once converted, the property will comprise 82 apartments. Units will be subject to a range of income restrictions, with 11 residences to be rented at market rates. …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Westerly in Washington, D.C.
Affordable HousingDevelopmentNewsNortheastWashington, D.C.

AHC, Hoffman & Associates Open 449-Unit Mixed-Income Community in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — Affordable Homes & Communities (AHC) and Hoffman & Associates have opened The Westerly, a 449-unit mixed-income community in Washington, D.C. The asset is located approximately three blocks from The Wharf, a mixed-use development co-developed by Hoffman & Associates. The Westerly offers studio, one- and two-bedroom apartments, including 136 units that are evenly split with income restrictions set at 30 and 50 percent of the area median income. The property features 20,000 square feet of amenities such as a rooftop pool deck, courtyard with a fire pit, entertainment …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFinanceGeorgiaNewsSoutheast

Atlanta BeltLine, Invest Atlanta Approve $172 Million Budget for Affordable Housing Development, Trail Construction

by Channing Hamilton

ATLANTA — The board of directors of Atlanta BeltLine Inc. and Invest Atlanta have approved the Atlanta BeltLine budget for the 2025 fiscal year. The budget totals $172 million, a 12 percent increase over the 2024 budget. The funding will be directed toward a goal set in 2005 to develop 5,600 units of affordable housing in Atlanta by 2030.  The new funding will help The BeltLine to develop more affordable housing than originally set out by the 2005 BeltLine Redevelopment Plan, which is notable since development costs have risen significantly …

Continue Reading
0 FacebookTwitterLinkedinEmail
Canyon Creek East in Lenexa, Kansas
Affordable HousingDevelopmentFinanceKansasMidwestNews

Walker & Dunlop Arranges $29.6 Million LIHTC Equity for Affordable Housing Development in Lenexa, Kansas

by Channing Hamilton

LENEXA, KAN. — Walker & Dunlop has arranged $29.6 million in federal Low-Income Housing Tax Credit equity for Canyon Creek East, an affordable housing development in the Kansas City suburb of Lenexa. The borrower, MRE Capital, plans to use the funds to finance 40 percent of the project’s total development costs. Jennifer Erixon led the Walker & Dunlop Affordable Equity team that arranged the equity. Canyon Creek East will comprise 212 units across five buildings. The community will target households earning between 30 and 80 percent of the area median …

Continue Reading
0 FacebookTwitterLinkedinEmail
An unnamed development in Harrison, New York
Affordable HousingDevelopmentNew YorkNewsNortheast

The NRP Group, RPW Group Break Ground on 200-Unit Development in Harrison, New York

by Channing Hamilton

HARRISON, N.Y. — A partnership between NRP Group and RPW Group has broken ground on a 200-unit project in the New York City suburb of Harrison. Once completed, the community will offer 30 studios, 86 one-bedroom and 84 two-bedroom units. Five percent of units will be designated for residents earning 80 percent of the area median income. The property will also feature five acres of open space including an outdoor walking trail system that will be open to the public, a dog park and a community garden operated by West …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMassachusettsNewsNortheast

TCB Breaks Ground on 65-Unit Mixed-Income Community in Provincetown, Massachusetts

by Channing Hamilton

PROVINCETOWN, MASS. — The Community Builders (TCB) has broken ground on Province Post, a 65-unit mixed-income community in Provincetown, at the northern tip of Cape Cod. Province Post will offer 18 studio, 32 one-bedroom, 10 two-bedroom and five three-bedroom apartments. The property’s affordable component will apply to households earning between 30 and 80 percent of the area median income. Construction is slated to complete in spring 2026.

Continue Reading
0 FacebookTwitterLinkedinEmail
Old Cutler Village in Miami-Dade County, Florida
Affordable HousingDevelopmentFloridaNewsSoutheast

Pinnacle Secures $49.9 Million Construction Financing for Affordable Housing Development in Miami-Dade County, Florida

by Channing Hamilton

MIAMI-DADE COUNTY, FLA. — Pinnacle has secured $49.9 million in construction financing for phase II of Old Cutler Village, a 120-unit affordable housing project located at 10455 Old Cutler Road in unincorporated southern Miami-Dade County. Once completed, the building will rise five stories and offer one-, two- and three-bedroom layouts. Units will be available to households earning 30, 60 and 70 percent of the area median income. Construction is expected to be completed in October 2025. 

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