What happened, and who moved.
Merchants Capital announced the closing of Merchants Capital Tax Credit Equity Fund 31, a $160 million multi-investor fund with 10 institutional investors. Merchants Fund 31 will infuse equity into nine affordable housing properties, creating or preserving more than 1,400 affordable homes in Rhode Island, Ohio,…
It’s become fashionable in New York City commercial real estate to bash the state’s 485-x program, which provides tax incentives for new residential development in certain areas of the five boroughs in exchange for including affordable housing. The criticism revolves around 485-x’s higher construction wage…
A vacant former car dealership site on Shattuck Avenue clears its final hurdle toward 359 apartments and 38 income-restricted units. Berkeley’s Zoning Adjustments Board needed three votes over one meeting to approve a 359-unit development on South Shattuck Avenue, ultimately clearing the project only after denying…
Seattle Opens $110 Million Funding Round for Affordable Housing Development Steven Sharp Mon, 07/27/2026 - 06:15 Seattle's Office of Housing has announced a new funding round that will provide at least $110 million for the construction, preservation, and acquisition of income-restricted rental housing. The 2026…
LOS ANGELES — Walker & Dunlop has arranged a $28.9 million loan to refinance Billy G. Mills Manor, an affordable housing community in Los Angeles. Walker & Dunlop’s Jeff Kearns… The post Watt Capital Developers Secures Refinancing, HAP Contract Renewal for Los Angeles Affordable Housing appeared first on…
NARANJA, FLA. — Housing Trust Group (HTG) and AM Affordable Housing have secured financing to begin construction of the first phase of Artisan Pointe, an affordable housing community in Naranja,… The post HTG, AM Affordable Housing Break Ground on Artisan Pointe in Naranja, Florida appeared first on Multifamily &…
HOBOKEN, N.J. — JLL Capital Markets has arranged the sale of 1000 Jefferson, a 217-unit community in Hoboken. JLL represented Clarion Partners, the seller. Invesco Real Estate was the buyer.… The post Clarion Partners Sells 1000 Jefferson in Hoboken, New Jersey appeared first on Multifamily & Affordable Housing…
OVERLAND PARK, KAN. — Caisson Capital Partners has acquired Preston Court, a 181-unit community in Overland Park, for $23.4 million. Built in 1968, Preston Court features apartments averaging 1,034 square… The post Caisson Capital Partners Buys Preston Court from Price Brothers for $23.4M appeared first on…
The Urban Developer Awards 2026 recognized excellence across Australian property development, design and innovation, with winners including 33 Alfred Street for adaptive reuse, Local: Residential for affordable housing integration, and Parkline Place for integrated urban design.
Greystone provided $92M in Fannie Mae financing for three Section 8 communities in New York on behalf of Metropolitan Realty Group.
File this under potential “Abbott Elementary” plot devices. The Philadelphia Housing Authority and nonprofit HELP Development Corp. are teaming up on the redevelopment of a vacant schoolhouse in Philadelphia’s Strawberry Mansion neighborhood, WHYY reported. The goal is to create affordable housing for seniors. The…
London & Quadrant Housing Trust completes £1,045m sale of its 3,200-home private rented sector portfolio to a Morgan Stanley Real Estate Investing and Ridgeback Group partnership.
National affordable housing nonprofit Reinvestment Fund is undergoing a leadership shake-up, with two executives departing to pursue independent consulting ventures. Ira Goldstein spent 27 years with the Philadelphia-based nonprofit, most of them...
Logos Faith Development, a Los Angeles-based affordable housing developer partnering with faith communities across Southern California, announced 15 groundbreakings planned across 2026, 2027 and 2028. In support of that growth, Logos has signed a long-term lease for new headquarters in Downtown Los Angeles. The…
Greystone has provided a total of $91,851,000 in Fannie Mae loans to refinance and acquire three affordable housing communities located in New York. The financing was originated by senior managing director Eric Rosenstock and EVP Jeff Englund on behalf of Metropolitan Realty Group. The financing includes three…
LOS ANGELES — Walker & Dunlop has arranged a $28.9 million loan for the refinancing of Billy G. Mills Manor, an affordable housing complex next to the University of Southern California in Los Angeles. Jeff Kearns and Laura Woltanski of Walker & Dunlop secured the refinancing through HUD/FHA’s Section 223(f) loan…
GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinancing of Everly at Morrison Ranch… The post PCCP Provides $51.8M Refinancing Loan for Everly at Morrison Ranch in Metro Phoenix appeared first on Multifamily & Affordable…
SAN ANTONIO — Locally based Lynd Management Group, the property management division of The Lynd Group, has been selected to manage Elevate at Huebner Grove in Northwest San Antonio. The… The post Viking Capital Taps Lynd to Manage Huebner Grove in San Antonio appeared first on Multifamily & Affordable Housing…
KISSIMMEE, FLA. — The NRP Group has secured financing and begun construction of Alora Lofts, an 88-unit affordable housing community in Kissimmee, 18 miles south of Orlando. Residences will be… The post The NRP Group Breaks Ground on Florida Affordable Development Alora Lofts appeared first on Multifamily &…
A private-label securitization closed by Systima Capital Management for a portfolio of nearly 1,300 subsided apartments underscores the potential for use of the commercial mortgage-backed securities (CMBS) market in affordable housing deals. Systima closed the $153 million tax-exempt affordable housing bond deal…
Metropolitan Realty Group has sealed $46.8 million of agency debt for the acquisition and refinancing of a Long Island affordable housing complex, Commercial Observer has learned. Greystone provided the nonrecourse, fixed-rate Fannie Mae-backed loan on the developer’s Pine Town Houses Section 8 garden-style…
A local school district is finding itself in choppy waters as it weighs the best way to provide teachers and other employees with affordable housing. In 2024, the San Jose Unified School District issued a general obligation bond, Measure R, to fund the renovation of classrooms and facilities, as well as provide…
Preservation Equity Fund Advisors has purchased Quail Run Apartments, a 104-unit income-restricted community in San Leandro, and plans a capital campaign to modernize the aging property while locking in its affordability for the long term. Preservation Equity Fund Advisors, LLC (PEF Advisors) has acquired Quail Run…
CASTRO VALLEY, CALIF. — Felson Cos. has sold a two-property, 135-unit portfolio in Castro Valley to Prime Residential for approximately $35.6 million. Jason Parr, Scott MacDonald and John Hansen of… The post Berkadia Arranges $35.6M Bay Area Trade appeared first on Multifamily & Affordable Housing Business .
PHOENIX — Crescent Communities has acquired land and begun construction of NOVEL Norterra, a four-story property on an 8.5-acre site in northern Phoenix. The 248-unit development is part of the… The post Crescent Communities Closes on Land for NOVEL Norterra in Northern Phoenix appeared first on Multifamily &…
NEW YORK CITY AND CHARLOTTE, N.C. — JLL has arranged $617 million in financing for Charlotte, North Carolina-based Grubb Properties, supporting the formation of a new real estate investment trust… The post JLL Arranges $617M in Financing for Grubb Properties appeared first on Multifamily & Affordable Housing Business .
DEERFIELD BEACH, FLA. — Morgan and Compatriot Capital have broken ground on Pearl on the River, a luxury waterfront community at 451 NE River Drive in Deerfield Beach. Situated along… The post Morgan Breaks Ground on Pearl on the River in Deerfield Beach, Florida appeared first on Multifamily & Affordable Housing…
The Fifth Estate - With the end of the National Rental Affordability Scheme, ABC Four Corners revealed damning evidence that developers were also using the government’s lucrative infill affordable housing scheme to build luxury apartments. Affordable housing is earning developers millions; it’s time to change tack…
South Africa faces a mounting housing backlog of 3 million units, exacerbated by recent court rulings affecting the sector.
The housebuilder’s largest scheme to date would see the former Ravenhead Brickworks redeveloped into affordable housing. The post Breck lodges 232-home Upholland plans appeared first on Place North West .
AVON, CONN. — Chozick Realty has brokered the sale of Avon Woods, a 189-unit community in Avon, approximately 10 miles northwest of Hartford. The asset traded between two unnamed parties,… The post Chozick Brokers $42M Sale of Avon Woods in Metro Hartford, Connecticut appeared first on Multifamily & Affordable…
LOS ANGELES — San Francisco-based Prime Residential has acquired Palm Court Apartments in the Miracle Mile neighborhood of Los Angeles for approximately $51.3 million. The seller was a private investor.… The post Prime Residential Buys Palm Court in Los Angeles for $51.3M appeared first on Multifamily & Affordable…
CHICAGO — Tree Street Group, along with development partners Magellan Development Group and Mark Goodman & Associates, has closed on an undisclosed amount of construction financing obtained through Bank OZK,… The post Joint Venture Closes on Financing for Two-Tower Mixed-Income Development in Chicago appeared first…
The Ballmer Group has launched a new affordable housing initiative.
St. Petersburg has launched a new program designed to support churches in developing affordable housing projects within the city.
A 91-unit affordable housing development in Dorchester has been completed by the Affordable Housing and Services Collaborative.
A $71 million affordable housing complex is coming to the northeast corner of North Main Street and 29th Street near the Fort Worth Stockyards. Fort Worth Housing Solutions and Oldham Goodwin Development plan to build The Exchange Apartments on a 14-acre site at the Stockyards North mixed-use development. The Fort…
The NRP Group announced the financial closing and groundbreaking of Catalina, a 336-unit affordable housing community in Travis County near Austin, Texas. Developed in partnership with the Housing Authority of Travis County (HATC), the community will provide affordable housing for families and working professionals…
Mountain View captured the largest affordable housing grant in its history, a $50 million state award that will bankroll a 268-unit complex on a former safe-parking lot while financing new Caltrain cars and a protected bike corridor along Middlefield Road. The California Department of Housing and Community…
MADISON, WIS. — Lincoln Avenue Communities has selected McShane Construction Co. to build Timberline Terrace, a 93-unit affordable housing community in Madison. The podium-style building will feature five wood-framed stories atop a below-grade precast garage. Timberline Terrace will offer one-, two- and…
ORLANDO, FLA. — Archway Partners, along with FK Architecture, has completed and opened The Enclave at Canopy Park, a 104-unit affordable housing community at 4440 Canopy Park Loop in Orlando.… The post Archway, FK Architecture Open The Enclave at Canopy Park in Orlando appeared first on Multifamily & Affordable…
ORLANDO, FLA. — Capstone Building Corp., a Birmingham, Alabama-based general contractor, has begun building The Gateway in Orlando. Hollywood, Florida-based JBL Development is the developer, and Baker Barrios is the… The post JBL, Capstone Building Corp. Break Ground on The Gateway in Orlando appeared first on…
FORT LAUDERDALE, FLA. — Dependable Equities has obtained a $54 million construction loan from CDK Capital to support the planning and pre-development of two luxury high-rise communities located at 101… The post Dependable Equities Obtains $54M for Two-Tower Project in Fort Lauderdale appeared first on Multifamily &…
A former Dunfermline primary school site has been transformed into an 85-home community. The project strengthens Fife Council’s affordable housing programme, with work carried out by main contractor Robertson Partnership Homes. Blacklaw Road is built on the brownfield 2.6-hectare site of the former Blacklaw Primary…
Construction underway for 90 homes at Barry Farm redevelopment Steven Sharp Mon, 06/08/2026 - 18:46 Construction commenced last week for Hillsdale Flats Phase I, the third component of the Barry Farm redevelopment at 1200 Sumner Road SE in the Anacostia neighborhood. “This first phase of Hillsdale Flats marks a…
Non-profit developer to convert Everett's Latitutde Apartments to affordable housing Steven Sharp Wed, 06/10/2026 - 15:59 Non-profit development firm Bridge Housing has announced its second acquisition in the Seattle area - the Latitude Apartments in Everett. The San Francisco-based developer, which had financial…
A national affordable housing developer is building 404 apartment units in San Antonio even as market challenges are slowing construction. National affordable housing builder plans first project in San Antonio despite market challenges was first posted on July 19, 2026 at 4:00 pm. ©2021 " San Antonio Report ".…
San Diego’s multifamily and affordable housing markets are heading into a “transition” phase, according to Chase Rongé, principal and director at MVE + Partners, a California architecture firm. But what does that look like across the city? Multifamily...
Early evidence shows Grosvenor Hart Homes' integrated social housing and specialist support model achieving improved outcomes while reducing costs and local government budget pressure.
Mexican housing association AMPI and FOVISSSTE public housing agency announce collaborative efforts to increase residential property access for workers.
Durham Region Non-Profit Housing Corporation and The Daniels Corporation have developed a scalable affordable housing model at 1707 Ritson Road North in Oshawa, Ontario.
Portugal's State Secretary for Housing defends new rental regulation framework as surgical changes that maintain tenant protections rather than revolutionary reform.
Spain has enacted its first official regulatory standard for industrialized construction, aimed at establishing a common framework to increase housing production capacity.
Portuguese public housing authorities face outstanding rent arrears surpassing €48 million, with Lisbon municipality managing 21,700 units and accounting for over 90% of total arrears.
Ponta Delgada municipality is undertaking its largest-ever housing investment, constructing 102 units with support from Portugal's Recovery and Resilience Plan (PRR) and the First Right programme.
MADISON, WIS. — Lincoln Avenue Communities and McShane Construction Co. are building Timberline Terrace, a 93-unit affordable housing community in Madison. The development is located at 4504 Verona Road on… The post McShane Construction, Lincoln Avenue Communities Underway on Affordable Housing Development in…
ROCHESTER, MINN. — Inland National Development Co. and Reuter Walton Development (RWD) have broken ground on Citiwalk Apartments, a 342-unit project in downtown Rochester across the street from the Mayo… The post Inland, RWD Break Ground on $139M Citiwalk Project in Rochester, Minnesota appeared first on…
ATLANTIC CITY, N.J. — Regional affordable housing owner-operator WinnCos. has begun the $33 million renovation of Garden Court Apartments, a 177-unit affordable housing property in Atlantic City. WinnCos. acquired the 20-building property, which houses 135 one-bedroom units and 42 two-bedroom apartments, in…
PLANO, TEXAS — Newmark has arranged the sale of and financing for Hathaway at Willow Bend, a 229-unit community at 2525 Preston Road in Plano. Richard Furr, Brian O’Boyle Jr.,… The post Newmark Brokers Sale of Willow Bend in Plano, Texas appeared first on Multifamily & Affordable Housing Business .
LELAND, N.C. — Hathaway Cos. has sold Exchange at Westgate in Leland to Argyle Real Estate Capital for $58.7 million. JLL represented Hathaway in the transaction. The 312-unit property is… The post Hathaway Cos. Sells Exchange at Westgate in Eastern North Carolina for $58.7M appeared first on Multifamily &…