Affordable Housing

Park24-Nashville
Affordable HousingDevelopmentNewsSoutheastTennessee

Holladay Opens 140-Unit Affordable Housing Community Park24 in Nashville

by Lynn Peisner

NASHVILLE, TENN. — Holladay Ventures, in partnership with the Urban League of Middle Tennessee (ULMT), has completed and opened Park24, a 140-unit, mixed-use affordable housing community at 660 Joseph Ave. in the McFerrin Park neighborhood of East Nashville. Units are reserved for renters earning 30 to 80 percent of area median income. The project was 81 percent leased as of Sept. 1. Financing partners included Amazon Housing Fund, U.S. Bancorp Impact Finance and Cedar Rapids Bank and Trust. The project also was backed by a $2 million grant from the …

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Park-Tower-Jersey-City
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Namdar Group Secures $390M for Jersey City Tower

by Lynn Peisner

JERSEY CITY, N.J. — New York City-based developer Namdar Group has secured $390 million in financing for Park Tower, a 1,049-unit, transit-oriented, mixed-income development in Jersey City’s Journal Square neighborhood. A start date was not announced. Completion is slated for May 2029. Park Tower adds to Namdar’s extensive Journal Square portfolio, where the developer has delivered more than 2,000 apartments as part of a multi-year buildout around the neighborhood’s PATH station. The PATH train provides direct access to the World Trade Center in Lower Manhattan. Affinius Capital provided a $310 …

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Waterford-Milpitas-California
Affordable HousingCaliforniaDevelopmentNewsWestern

Waterford Breaks Ground on 75-Unit Affordable Housing Development in Silicon Valley

by Lynn Peisner

MILPITAS, CALIF. — Waterford Property Co., in partnership with C&C Development, has broken ground on a 75-unit affordable housing project in Milpitas. The 4 percent Low-Income Housing Tax Credit (LIHTC) community has an estimated development cost of $47.6 million, according to the California Tax Credit Allocation Committee. The to-be-named property is slated for completion in early 2028 and is part of a larger residential planned community that also includes for-sale homes built by PulteGroup. Units will be reserved for families earning between 30 and 70 percent of area median income. …

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Bill-Bailey
Affordable HousingDevelopmentFinanceIndustry Voices

The Public ROI Test: When Do Multifamily Development Incentives Make Economic Sense?

by Lynn Peisner

Development incentives tend to produce two predictable reactions. One side sees them as a practical tool to get difficult projects built. The other side sees them as a subsidy to private developers.  In my experience, neither reaction is enough. The real issue I see is not whether incentives are good or bad in the abstract. The better question I ask is much more practical: What is the public buying, would it happen anyway, and is the return worth the cost? That question is becoming more important across South Florida. Cities, …

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Robinwood-Annapolis
Affordable HousingDevelopmentMarylandNewsNortheast

First Phase of $105.8M Annapolis Public Housing Redevelopment to Include 58 Units

by Lynn Peisner

ANNAPOLIS, MD. — A $105.8 million redevelopment of the 150-unit Robinwood public housing community is moving forward with plans for 58 new apartments, renovated townhomes, new seniors housing and expanded community amenities. The developers are Community Housing Partners (CHP), a Virginia-based affordable housing developer, and the Housing Authority of the City of Annapolis (HACA). Additional stakeholders include the City of Annapolis, Anne Arundel County, the State of Maryland and the U.S. Department of Housing and Urban Development (HUD). Robinwood was built in 1970 as a public housing community and today …

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Southwick-Commons-Apopka
Affordable HousingDevelopmentFloridaNewsSoutheast

Wendover Housing Partners Opens Affordable Housing Development in Metro Orlando

by Lynn Peisner

APOPKA, FLA. — Wendover Housing Partners has opened Southwick Commons, a 192-unit affordable housing community at 520 Brighton Ave. in Apopka, a northwest suburb of Orlando. Monthly asking rents at Southwick Commons start at approximately $1,103 for one-bedrooms, $1,440 for two-bedrooms and $1,647 for three-bedroom units. Amenities include a pool, activity room, business center, playground, community garden and a picnic pavilion and grills. Southwick Commons was designed by Slocum Platts Architects, and VCC was the general contractor.

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Joyfield-Rise-at-Woodward-Charlotte
Affordable HousingDevelopmentNewsNorth CarolinaSoutheast

Standard Communities Breaks Ground on 141 Units of Affordable Housing in Charlotte’s Camp North End

by Lynn Peisner

CHARLOTTE, N.C. — Standard Communities has broken ground on Joyfield Rise at Woodward, a 141-unit affordable housing redevelopment project in Charlotte’s North End. Apartments will be reserved for renters earning between 30 and 80 percent of area median income. Completion is slated for 2028. The community is located within Camp North End, a 76-acre redevelopment of a former industrial site first occupied by the Ford Motor Co. in 1924 and later, in the Cold War era, by the U.S. government for missile manufacturing. Jamestown, which is the owner and operator …

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Tandem-Providence
Affordable HousingDevelopmentNewsNortheastRhode Island

Pennrose Completes Tandem, a Rhode Island Mixed-Income Community

by Lynn Peisner

PROVIDENCE, R.I. — Pennrose has completed and opened Tandem, the second of a two-phase project in the Fox Point neighborhood of Providence. Along with its sister property, Tempo, which opened in 2025, Tandem completes Pennrose’s redevelopment of Parcel 9, one of the sites created when a stretch of Interstate 195 was relocated in 2009 and former highway land was opened for redevelopment in Providence. Partners on the 9 percent Low-Income Housing Tax Credit project included 195 District, a redevelopment agency; the City of Providence; Webster Bank; RIHousing and several more. …

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Bestbath affordable housing bathroom panel
Affordable HousingArchitecture & DesignDevelopmentFeaturesFurniture, Fixtures & EquipmentIndustry ContentOperationsWebinar

Webinar: Better Bathroom Decisions in Affordable Housing — Balancing Investor Returns and Resident Needs

by Sarah Daniels

On August 20, Multifamily & Affordable Housing Business hosted the webinar “Better Bathroom Decisions in Affordable Housing — Balancing Investor Returns and Resident Needs.” The discussion covered how bathroom design and specification decisions can influence maintenance costs, resident satisfaction, accessibility and long-term asset performance in affordable housing communities. Panelists reviewed why bathrooms deserve more strategic attention during the design and specification process. They also covered strategies for approaching affordable housing, where repairability matters and where repairs often must be completed in occupied units. Key Takeaways: Click here to access the …

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Evergreen-East-Fairport
Affordable HousingDevelopmentNewsNortheast

WinnCos. Completes $86M Affordable Housing Redevelopment in Upstate New York

by Lynn Peisner

FAIRPORT, N.Y. — WinnCos. has completed the $86 million redevelopment of Evergreen East, a 508-unit affordable housing community in Fairport. Originally constructed between 1972 and 1976 by the New York State Urban Development Corp. (UDC), the property, formerly known as the Pines of Perinton Apartments, was added to the National Register of Historic Places in January 2023. It was noted as an example of UDC’s suburban housing program, which sought to address post-World War II housing shortages with low-density, mixed-income apartments outside urban centers. The property is about 10 miles …

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