Affordable Housing

Design-panel-web

By Matthew Auchincloss   The dire need for more affordable rental housing across the country has been well-documented, but the pathway to delivery is full of potential pitfalls, says Ian Hunter, regional director at Dwell Design Studio, who operates out of the architectural firm’s Atlanta office. In short, there are several ways for projects to “get stuck,” he points out.    At the top of the list is funding, but the entitlement process, design, construction costs and operations are also potential impediments to getting an affordable housing project from conception to inception.   …

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CLEVELAND — The City of Cleveland, Cuyahoga Metropolitan Housing Authority and The Community Builders have opened Woodhill Station East in Cleveland. The 64-unit development marks the third phase of the Buckeye-Woodhill Choice Transformation, the formal name given to a multi-phase effort to redevelop the former Woodhill Homes public housing site into new mixed-income housing with neighborhood amenities. Woodhill Station East’s affordable units are offered at 30 or 80 percent of area median income, and some units are rented at market rates. Amenities at Woodhill Station East include a community room, …

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Villages-of-Hayti-Durham

DURHAM, N.C. — Gilbane Development, along with several project partners, has broken ground on Villages of Hayti, a 252-unit affordable housing community in the Hayti neighborhood of Durham. Gilbane’s partners include the Durham Housing Authority and Durham Community Partners, a group consisting of Harmony Housing Affordable Development and F7 Development. The Hayti Community Advisory Committee also participated. The project is a redevelopment of a 20-acre former public housing site called Fayette Place. Villages of Hayti is structured as a Low‑Income Housing Tax Credit (LIHTC) development and will provide homes rented …

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3751-Delmas-Los-Angeles

LOS ANGELES — Berkadia has arranged $15.6 million in construction financing for two affordable housing projects in Los Angeles. Locally based Seachange Partners, founded in 2024, is the borrower. The lender was Genesis Capital. The developments are at 1723 Corinth Ave. in the Sawtelle neighborhood and 3751 Delmas Terrace in the Palms submarket. The two five-story projects will include a combined 79 units of deed-restricted affordable housing. Income caps were not disclosed. Construction is underway, with completion slated for 2027.

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Colibri-Commons-East-Palo-Alto

EAST PALO ALTO, CALIF. — MidPen Housing and the East Palo Alto Community Alliance Neighborhood Organization (EPACANDO) have opened Colibri Commons, a 136-unit affordable housing community at 965 Weeks St. in East Palo Alto. Units are reserved for tenants earning no more than 30 and 60 percent of area median income. Units range from studio to four-bedroom floor plans. Amenities include a community room, an outdoor play area and free onsite services such as nutrition classes, adult education and after-school programming. MidPen Property Management is the property manager. Financing for …

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C-on-Pico-Los-Angeles

CHICAGO and ARLINGTON, VA. — Equity Residential (NYSE: EQR) and AvalonBay Communities (NYSE: AVB) have agreed to merge, creating the largest publicly traded apartment REIT in the United States with a combined portfolio of more than 180,000 rental apartments. The deal is expected to close in the second half of 2026, at which time the company’s new name and stock symbol will be announced.  Based on the National Multifamily Housing Council’s 2026 Top 50 Owners rankings, the owned portfolio of the newly combined AvalonBay and Equity Residential entity will exceed …

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Brad-Butler

By Brad Butler The lack of affordable rental housing in the United States has reached alarming levels, and the problem seems to worsen with each passing month. As job creation has slowed in certain industries, many people are moving to urban areas in search of better employment opportunities, housing options and long-term economic stability. From the outside, this trend could make urban multifamily development look like an easy entry point into the business. But looks can be deceiving. While urban markets offer many advantages, development in these areas is significantly …

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1333-broadway-Brooklyn

NEW YORK CITY — JLL has arranged a $58 million refinancing loan provided by Barings for 1333 Broadway, a 106-unit mixed-use property in Brooklyn’s Bushwick neighborhood. Ekstein Development Group and Standard Real Estate Investments were the borrowers. The project was completed in April. The 20-story property is comprised of 74 market-rate units, 32 affordable units and 29,000 square feet of commercial space. Rent caps were not disclosed. Peter Rotchford, Rob Hinckley and Robert Tonnessen led JLL’s team.

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Kristin-Koch-HVPG

NEW YORK CITY — Affordable housing preservation company Hudson Valley Property Group (HVPG) has hired Kristin Koch to the role of managing director, head of capital raising. Koch will focus on expanding HVPG’s global investor base across institutional, sovereign and private wealth channels. Koch’s previous experience includes raising approximately $1.4 billion for affordable housing at Jonathan Rose Cos. The firm also has promoted Diana Bellizzi to managing director, head of investor relations, and Matt Doty to chief financial officer and chief compliance officer.

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Sanara-Austin

AUSTIN, TEXAS — The NRP Group, alongside the Housing Authority of Travis County, has broken ground on Sanara, a 348-unit affordable housing community in Southeast Austin. All apartments will be rent restricted to 60 percent of area median income. Located at 4401 E. Slaughter Lane, the development will span 13 three-story residential buildings across a 56-acre site. The community will include 12 one-bedroom units, 120 two-bedroom units, 144 three-bedroom units and 72 four-bedroom units. Sanara also will provide residents a 24-hour fitness center, business center with coworking space, clubhouse with a …

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