Affordable Housing

Rainbow-Village-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

ANF, HTG Top Out $185 Million Miami Affordable Housing Development  

by Lynn Peisner

MIAMI — Developer Housing Trust Group (HTG) and construction firm ANF, both locally based, have topped out the Rhapsody at Rainbow Village project in Miami’s Overtown neighborhood. The development team broke ground in June, and completion is slated for early 2027. Units will be reserved for income-qualifying residents who earn at or below 30, 50, 60, 70 and 80 percent of the area median income. Monthly rents for the one-, two- and three-bedroom apartments will range from $793 to $2,634. HTG reports Miami median rents range from $1,875 to $9,070 …

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Antioch
Affordable HousingCompany NewsInvestment SalesNews

Manulife, TruAmerica Team Up for $1 Billion Affordable Housing Venture

by Lynn Peisner

LOS ANGELES — Manulife Investment Management and TruAmerica Multifamily have forged a $1 billion, affordable housing-focused joint venture known as Anchor Point Residential. The partners’ debut investment is the acquisition of a 51-property, 6,000-unit LIHTC portfolio constructed between 2003 and 2023. The properties are located across major metro areas in California, Texas and Washington. The first portion of the investment closed in August with remaining deals to be completed through the fall. The names of the sellers were not disclosed. According to the two companies, the size of this acquisition, …

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Pamela-Wilkes-Northmarq
Affordable HousingFinanceIndustry Voices

Affordable Housing Tax Changes: Understanding LIHTC, Bonds and Opportunity Zones

by Lynn Peisner

With the passage of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, Congress enacted the most significant expansion of housing incentives in more than two decades. For developers, investors and capital providers, this means new tools, more flexibility and a broader opportunity set.  At the heart of the legislation are updates to the Low-Income Housing Tax Credit (LIHTC) program, alongside permanent extensions to the Opportunity Zone (OZ) and New Markets Tax Credit (NMTC) incentives. Analysts estimate these changes could support the creation of up to 1.2 million …

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Salida_del_Sol
Affordable HousingCaliforniaDevelopmentNewsWestern

San Juan Capistrano City Hall Redevelopment Includes 50 Affordable Housing Units

by Lynn Peisner

SAN JUAN CAPISTRANO — Jamboree Housing Corp. has completed and opened Salida del Sol in San Juan Capistrano. According to Jamboree, a nonprofit, California-based affordable housing developer, the project is the first in the nation to combine affordable housing with a city hall. Located on a 2-acre portion of San Juan Capistrano’s existing city hall site, the 50-unit Salida del Sol is designed around a large open courtyard with a 45,593-square-foot residential building. Forty 557-square-foot units are designated for formerly unhoused individuals and veterans earning up to 30 percent of …

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Royal-Crest
Affordable HousingDevelopmentNewsTexas

FTK Constructions Begins Renovation of Dallas Affordable Housing Property

by Lynn Peisner

DALLAS — FTK Construction Services has begun renovating Royal Crest Apartments in Dallas. The 167-unit affordable housing property is owned by Fairstead and is undergoing a $21.8 million redevelopment. The lender on the project was Capital One, and the architect is Hooker DeJong. Fairstead acquired the community in August. Units are reserved for residents earning between 50 and 60 percent of area median income. Unit upgrades to the 1968-built property include new paint, cabinetry, countertops, door hardware, plumbing fixtures, flooring, light fixtures, ADA unit upgrades and HVAC updates. Common area …

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North-and-Valley
Affordable HousingDevelopmentNevadaNewsWestern

The NRP Group Developing Affordable Community in North Las Vegas

by Lynn Peisner

NORTH LAS VEGAS, NEV. — The NRP Group has broken ground on North & Valley, an affordable housing development in North Las Vegas. Completion is slated for April 2027. The community will offer 105 units reserved for tenants earning between 50 and 60 percent of the area median income. According to the City of North Las Vegas, residents’ average yearly income is $75,459. The development site spans five acres and will comprise two four-story buildings with a mix of one-, two- and three-bedroom residences. Amenities will include a resort-style pool, …

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El-Paseo
Affordable HousingInvestment SalesNew MexicoNewsOregonWestern

Guardian Buys $497 Million Post-Compliance LIHTC Portfolio, Extends Affordability

by Lynn Peisner

PORTLAND, ORE. — Portland-based multifamily operator, developer and investor Guardian has acquired a portfolio of 15 affordable housing communities in Oregon and New Mexico, each of which has reached the end of its 15-year LIHTC compliance period. Guardian will convert a portion of the portfolio’s market-rate units to be rent capped at 60 percent of area median income. The acquisition was completed in two separate phases. The first phase included two Portland-area properties totaling 310 units, acquired with capital partner AEW. The second phase included 13 properties and 2,740 units …

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US-Capitol
Affordable HousingFeatures

How the One Big Beautiful Bill Act Will Affect Affordable Housing Financing

by Lynn Peisner

By Kamara Green and Ben Nichols With the enactment of the One Big Beautiful Bill Act, affordable housing experts are now assessing how to best leverage its many provisions to address America’s housing shortage. Included within its pages is an improvement to one of the most important affordable housing tools, a $16 billion expansion of the Low-Income Housing Tax Credit (LIHTC), as well as other provisions that could help provide additional resources, facilitating a significant increase in the number of decent, affordable rental homes for families, seniors, people with disabilities …

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austin-walker
Affordable HousingIndustry Voices

Pathways Through the Clutter: There are More Opportunities to Create Affordable Housing Than Local Leaders Realize

by Lynn Peisner

By Austin Walker Headlines involving affordable housing are often demoralizing, and for good reason. Keeping a roof over one’s head can be a complex problem with no easy answers, especially if your earnings are not at the upper end of the median. Most policymakers I meet genuinely want to help their constituents, but finding the right political and economic resources to do so can be challenging because the tools to create or preserve affordable housing can depend on a variety of policies, which typically are designed to meet the goals …

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Alloy-Block
Affordable HousingDevelopmentNew YorkNewsNortheast

Developers Secure $535 Million to Finance Second Phase of Brooklyn Project

by Lynn Peisner

NEW YORK CITY — Alloy Development and The Vistria Group have closed on $535 million in construction financing for the development of One Third Avenue, a 583-unit mixed-income high-rise that comprises Phase II of the Alloy Block development in Brooklyn. The 62-story community will join buildings developed in the first phase of the project — 505 State Street, a mixed-use community, and 489 State Street, a public elementary school. Once complete, the Alloy Block will be home to a total of 1,000 residences, including approximately 200 affordable housing units. Vistria …

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