Affordable Housing

Gilbane Begins Leasing $135M Second Phase of D.C. Affordable Housing Redevelopment

by Lynn Peisner April 3, 2026

WASHINGTON, D.C. — Gilbane Development has begun leasing the second of its three-phase redevelopment at 7th Street and Barnaby Road in Southeast Washington, D.C. Phase II of Barnaby & 7th includes 229 units within four new residential buildings: The Stoneview, The Solomon, The Marte and The Lewis. Construction of these buildings is slated for completion by summer 2026. The four communities feature a mix of studio to three-bedroom units serving households earning 50 and 80 percent of the area median income (AMI). Twenty percent of the apartments will be set …

April 3, 2026

Affordable Housing Development Finance News Texas

HTG Opens $26M Red Oaks Affordable Housing in Austin

by Lynn Peisner April 2, 2026

AUSTIN, TEXAS — Housing Trust Group (HTG) has completed and opened Red Oaks, a 70-unit, $26 million affordable housing community in the Anderson Mill neighborhood of Northwest Austin. Apartments at Red Oaks will be reserved for families earning 30, 50 and 60 percent of local area median income, which was $94,000 for an individual and $134,000 for a family of four in 2025, according to HUD. Miami-based HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Funding sources for Red …

April 2, 2026

Affordable Housing Development Investment Sales New York News Northeast

Jonathan Rose Cos. Buys Upper Manhattan Affordable Community for $53M

by Lynn Peisner March 27, 2026

NEW YORK CITY — Jonathan Rose Cos. has acquired The Caroline Apartments, a 126-unit Section 8 community in New York, for $53 million. This sale marks the eighth transaction under the $660 million Rose Affordable Housing Preservation Fund VI earmarked for preserving existing affordable and mixed-income housing. Locally based Jonathan Rose is planning a $19.7 million renovation that will upgrade The Caroline’s building systems and unit interiors, targeting Enterprise Green Communities certification, an energy-efficiency program specifically for affordable housing properties. The Caroline was built in 1980 and renovated in 2008. …

March 27, 2026

Affordable Housing Finance New York News Northeast

PMG Secures $370M Refinancing Loan for Society Brooklyn

by Lynn Peisner March 24, 2026

BROOKLYN, N.Y. — JLL has arranged a $370 million refinancing loan for Society Brooklyn, a 517-unit, two-tower community along the Gowanus Canal in Brooklyn. The lender was Brookfield Asset Management, and the borrower was Property Markets Group (PMG), a Miami-based developer that opened the property in May 2025. Society Brooklyn is comprised of 385 market-rate units and 132 units reserved for households earning between 40 and 130 percent of area median income. The development also includes 57,288 square feet of retail and commercial space. The property offers fitness centers, yoga …

March 24, 2026

Affordable Housing California Company News People News Western

Century Housing Hires Jacqueline Waggoner as President and CEO

by Lynn Peisner March 24, 2026

CULVER CITY, CALIF. — Century Housing has hired Jacqueline Waggoner as president and chief executive officer. The nonprofit affordable housing development company has created or preserved approximately 63,000 homes in California over the past 30 years. Waggoner joins Century Housing from Enterprise Community Partners, where she held the title president of the solutions division. In that role, she oversaw a portfolio of housing, capital and policy initiatives across the country and led approximately $1 billion in impact investments and grants. Prior to that role, Waggoner led Enterprise’s Southern California market, …

March 24, 2026

Affordable Housing Investment Sales Michigan Midwest

Standard Communities Buys, Preserves Affordable Housing in Metro Detroit

by Lynn Peisner March 23, 2026

ROSEVILLE, MICH. — Affordable housing investment and development firm Standard Communities has acquired The Meadows, a 124-unit property in Roseville, an unincorporated city 15 miles northeast of downtown Detroit. All units are income-restricted and supported by project-based Section 8 Housing Assistance Payment (HAP) contracts. Of the 124 units, 111 are restricted to households earning at or below 60 percent of area median income (AMI), and 13 are restricted at 40 percent AMI. Affordability was extended through a 20-year Section 8 renewal via a HAP assignment and assumption. Standard will complete …

March 23, 2026

Affordable Housing Development Features Investment Sales

Opportunity Zone Program Presents Strategic Window for Multifamily and Affordable Housing Investment

by Lynn Peisner March 23, 2026

By Scott Manning and Bruce Thompson Real estate developers, investors, and community leaders have a unique opportunity in the coming months to ensure that state officials appropriately designate low-income census tracts that will most benefit from investment dollars related to the federal Opportunity Zone program. Since the enactment of the program in 2017, Qualified Opportunity Zones across all 50 states, the District of Columbia, and U.S. territories have attracted significant private investment, fueling housing development, job creation and economic revitalization in underserved communities. With the current Opportunity Zone program set …

March 23, 2026

Affordable Housing Development News Texas

The NRP Group Breaks Ground on Affordable Housing Development in Denton, Texas

by Lynn Peisner March 20, 2026

DENTON, TEXAS — The NRP Group has broken ground on Arbor Ranch, a 297-unit affordable housing community in the Dallas suburb of Denton. The $89.8 million project is slated for completion in 2027. Arbor Ranch is being developed in partnership with the Denton Housing Authority in order to provide rental homes affordable to families earning between 30 and 70 percent of area median income. According to guidelines set by the U.S. Department of Housing and Urban Development, the median income for a family of four in the Dallas metro area …

March 20, 2026

Affordable Housing California Development News Western

Jamboree Opens $23.9M Larkin Place, an Affordable Housing Community in L.A. County

by Lynn Peisner March 17, 2026

CLAREMONT, CALIF. — Jamboree Housing Corp. has opened Larkin Place, a 33-unit affordable housing community in Claremont, a city in eastern Los Angeles County, about 33 miles east of downtown Los Angeles. Larkin Place is intended to serve low-income and formerly homeless individuals and is comprised of eight studios and 24 one-bedroom units reserved for households earning no more than 30 percent of area median income. A manager will occupy the remaining unit. Several public and private financial partners participated in bringing the $23.9 million development to fruition. Los …

March 17, 2026

Affordable Housing Features Operations

Fair Housing Basics for Owners: Handling Accommodation and Modification Requests

by Lynn Peisner March 16, 2026

By Tessa Castner and Grace Kuntz Most multifamily owners and managers are aware that discrimination against disabled tenants can result in litigation and increase a project’s operating expenses, which could make the difference between turning a profit and having to write a check to cover operating deficits. However, the Fair Housing Act (FHA) not only prohibits disability discrimination, but in some circumstances, it affirmatively requires housing providers to potentially take additional steps to make reasonable accommodations and reasonable modifications for individuals with disabilities. Though the terms reasonable accommodation and reasonable …

March 16, 2026

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