Affordable Housing research.

MultifamilyAffordable HousingDebt & Financing

Madison Capital Provides $375M Construction Loan for Jersey City Development

JERSEY CITY, N.J. — Walker & Dunlop has arranged a $375 million construction loan to finance JFK Boulevard, a mixed-use project that will be built in Journal Square in Jersey City.… The post Madison Capital Provides $375M Construction Loan for Jersey City Development appeared first on Multifamily & Affordable…

MultifamilyAffordable HousingCaliforniaU.S. National

Virtu Investments Sells Briarwood Apartments in Livermore, California, for $19.8M

LIVERMORE, CALIF. — Locally based Virtu Investments has sold Briarwood Apartments in Livermore, 44 miles west of San Francisco. The asset sold for $19.8 million. Marcus & Millichap represented Virtu,… The post Virtu Investments Sells Briarwood Apartments in Livermore, California, for $19.8M appeared first on…

MultifamilyAffordable HousingWashington, DCU.S. National

RailField Partners Acquires 210-Unit Maryland Property from Elme Communities

GAITHERSBURG, MD. — RailField Partners has acquired Elme Watkins Mill, a 210-unit garden-style community in the Washington, D.C., suburb of Gaithersburg, from Elme Communities (NYSE: ELME). The property was purchased… The post RailField Partners Acquires 210-Unit Maryland Property from Elme Communities appeared…

MultifamilyAffordable HousingSingle-Family Rental

JLL Arranges $34.5M Refinancing for Easthaven in Pooler, Georgia

POOLER, GA. — Mandrake Capital Partners has obtained a $34.5 million refinancing loan for Easthaven, a 143-unit build-to-rent community in Pooler that was completed last year. Bridge Investment Group was… The post JLL Arranges $34.5M Refinancing for Easthaven in Pooler, Georgia appeared first on Multifamily &…

Franklin Street Arranges Sale of Fort Worth’s Reserve on Willow Lake

FORT WORTH, TEXAS — Franklin Street has brokered the sale of The Reserve on Willow Lake, a 138-unit property at 4101 South Hulen St. in Fort Worth. Santa Barbara, California-based… The post Franklin Street Arranges Sale of Fort Worth’s Reserve on Willow Lake appeared first on Multifamily & Affordable Housing…

MultifamilyAffordable HousingDallas-Ft. WorthTexas

Dallas Investor Acquires The Palms at Chatham in Savannah, Georgia

SAVANNAH, GA. — RREAF Holdings, a Dallas-based investment and development firm, has acquired The Palms at Chatham located at 5110 Garrard Ave. in Savannah’s Garden City/Midtown submarket. The seller was… The post Dallas Investor Acquires The Palms at Chatham in Savannah, Georgia appeared first on Multifamily &…

MultifamilyAffordable HousingSeattleWashington

Seattle Housing Agency Buys its First Property for $60.9M

SEATTLE — The Seattle Social Housing Developer (SSHD) has acquired its first multifamily property since forming in 2023 by city voters. Spartanburg, South Carolina-based Johnson Development Associates sold Elara at the… The post Seattle Housing Agency Buys its First Property for $60.9M appeared first on Multifamily…

Multifamily & Affordable Housing Businessreport

Multifamily Market Moves Past Supply Shock

By Jeff Goll The headlines on multifamily have not caught up to the data. After two years of being the asset class everyone wanted to disparage, the U.S. apartment market… The post Multifamily Market Moves Past Supply Shock appeared first on Multifamily & Affordable Housing Business . ]]>

CBRE Arranges $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin

KENOSHA, WIS. — CBRE has arranged the $7.1 million sale of Bayside Townhomes, a 32-unit community in Kenosha. Campbell Creek Communities LLC was the buyer, and Bayside Townhomes LLC was… The post CBRE Arranges $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin appeared first on Multifamily & Affordable Housing…

MultifamilyAffordable HousingPhoenixArizona

Nitya Capital Buys Tides on McDowell in Phoenix for $41M

PHOENIX — Tides Equities has sold Tides on McDowell at 4620 W. McDowell Road in Phoenix to Nitya Capital for $41 million. Northmarq’s Phoenix-based team led by Jesse Hudson, Logan… The post Nitya Capital Buys Tides on McDowell in Phoenix for $41M appeared first on Multifamily & Affordable Housing Business . ]]>

MultifamilyAffordable HousingSeattleWashington

Great Expectations Secures Financing for Addison Grove in Puyallup

PUYALLUP, WASH. — Great Expectations, a Seattle-based affordable housing developer, has secured financing to build Addison Grove, a 102-unit affordable housing community in Puyallup, 36 miles south of Seattle. Great… The post Great Expectations Secures Financing for Addison Grove in Puyallup appeared first on…

MultifamilyAffordable HousingCharlotteNorth Carolina

Quarterra Hires Jordan Calaguire as Chief Investment Officer

CHARLOTTE, N.C. — Multifamily investment and development firm Quarterra has hired Jordan Calaguire as chief investment officer. Calaguire will lead Quarterra’s overall investment strategy, capital formation and allocation activities, investor… The post Quarterra Hires Jordan Calaguire as Chief Investment Officer…

MultifamilyAffordable HousingSingle-Family RentalPhoenixArizona

NexMetro Opens Avilla Foothills BTR Project in Metro Phoenix

SURPRISE, ARIZ. — NexMetro Communities has completed and opened Avilla Foothills, a 108-unit build-to-rent development in Surprise, about 28 miles northwest of Phoenix. Avilla Foothills is comprised of single-level homes,… The post NexMetro Opens Avilla Foothills BTR Project in Metro Phoenix appeared first on…

StreetLights Residential Breaks Ground on Plano, Texas, Luxury Tower

PLANO, TEXAS — Dallas-based StreetLights Residential has broken ground on Parks at Legacy West, a 22-story luxury high-rise at 6501 Legacy Drive in Plano. The development, located within the 100-acre… The post StreetLights Residential Breaks Ground on Plano, Texas, Luxury Tower appeared first on Multifamily &…

Posted 5 days ago·Published 5 days agoRead

Pennrose, Partners Break Ground on Final Phase of $120M Newport News Redevelopment

NEWPORT NEWS, VA. — Construction has begun on the fifth and final phase of the Marshall-Ridley Choice Neighborhood Initiative (CNI) in Newport News. Ridley Place was public housing originally built… The post Pennrose, Partners Break Ground on Final Phase of $120M Newport News Redevelopment appeared first on…

Posted 5 days ago·Published 5 days agoRead

Phoenix Firm Acquires Emerson at Red Oak in Metro Dallas

RED OAK, TEXAS — CESM Real Estate has sold Emerson at Red Oak, a 306-unit community in Red Oak, approximately 20 miles south of Dallas. The buyer was Phoenix-based Professional… The post Phoenix Firm Acquires Emerson at Red Oak in Metro Dallas appeared first on Multifamily & Affordable Housing Business . ]]>

Posted 5 days ago·Published 5 days agoRead

MultifamilyAffordable HousingDebt & FinancingDenverColorado

JLL Arranges $67M Refinancing for Kalaco in Denver

DENVER — Opus Development and Ares Real Estate have secured a $67 million refinancing loan for Kalaco, a 280-unit mid-rise community in Denver. Kalaco was completed in 2024. The construction… The post JLL Arranges $67M Refinancing for Kalaco in Denver appeared first on Multifamily & Affordable Housing Business . ]]>

MultifamilyAffordable HousingDebt & FinancingDenverColorado

Grand Peaks Secures Refinancing for The Seven at West Boca

BOCA RATON, FLA. — Newmark has arranged a refinancing loan on behalf of Grand Peaks for The Seven at West Boca. Denver-based Grand Peaks acquired the 448-unit community in 2024.… The post Grand Peaks Secures Refinancing for The Seven at West Boca appeared first on Multifamily & Affordable Housing Business . ]]>

MultifamilyAffordable HousingDebt & Financing

Fannie, Freddie Enter Bullish Phase

By John Nelson Fannie Mae and Freddie Mac are scaling up their multifamily loan production this year while their partner servicers and underwriters are aggressively pursuing new business. The Federal… The post Fannie, Freddie Enter Bullish Phase appeared first on Multifamily & Affordable Housing Business . ]]>

MultifamilyAffordable HousingDebt & Financing

Fannie Mae, Freddie Mac Enter Bullish Phase

By John Nelson Fannie Mae and Freddie Mac are scaling up their multifamily loan production this year while their partner servicers and underwriters are aggressively pursuing new business. The Federal… The post Fannie Mae, Freddie Mac Enter Bullish Phase appeared first on Multifamily & Affordable Housing Business . ]]>

Posted 4 days ago·Published 6 days agoRead

Newmark Arranges Sale of Centreport Lake in Fort Worth

FORT WORTH, TEXAS — Newmark has arranged the sale, acquisition financing and equity capitalization of Centreport Lake, a 452-unit community in Fort Worth’s CentrePort neighborhood. Richard Furr, Brian Murphy and Brian… The post Newmark Arranges Sale of Centreport Lake in Fort Worth appeared first on Multifamily &…

MultifamilyAffordable HousingFloridaU.S. National

Florida’s Live Local Amendments Remove Barriers and Open New Doors for Workforce and Affordable Housing

By Steve Wernick For years, church-owned land and government parcels sat unused in the middle of Florida’s housing shortage. They were available in theory, but off-limits in practice. Now, through… The post Florida’s Live Local Amendments Remove Barriers and Open New Doors for Workforce and Affordable Housing…

MultifamilyAffordable HousingMassachusettsU.S. National

TCB Opens Province Post, Bringing 65 Affordable Units to Provincetown, Massachusetts

PROVINCETOWN, MASS. — The Community Builders (TCB) and the Town of Provincetown have opened Province Post, a 65-unit mixed-income community intended to serve the year-round workforce and residents of the… The post TCB Opens Province Post, Bringing 65 Affordable Units to Provincetown, Massachusetts appeared first on…

Affordable HousingSingle-Family RentalU.S. National

RCLCOreport

What's on the Road to 21st Century Housing: A Breakdown of the New Law

Breakdown of the bipartisan 21st Century Road to Housing Act and its provisions for housing production and affordable housing.

Posted 5 days ago·Published 6 days agoRead

MultifamilyAffordable HousingDenverColorado

Affordable Housing Redevelopment The Alan Opens in Muncie, Indiana

MUNCIE, IND. — Indianapolis-based developer TWG has opened The Alan, a 120-unit affordable housing community in Muncie. Denver-based STUDIO Architecture designed the property. Located at 2430 W. Kilgore Ave. along… The post Affordable Housing Redevelopment The Alan Opens in Muncie, Indiana appeared first on…

Woda Cooper and Partners Break Ground on $39M Livewell Terrace in Bluffton, South Carolina

BLUFFTON, S.C. — Beaufort Memorial and Woda Cooper Cos. have begun construction of Livewell Terrace, a 120-unit affordable housing community in Bluffton, 23 miles northeast of Savannah, Georgia. The project… The post Woda Cooper and Partners Break Ground on $39M Livewell Terrace in Bluffton, South Carolina appeared…

MultifamilyAffordable HousingNew YorkNew York

Javeri Capital Buys Manhattan Mixed-Use Property for $11.4M

NEW YORK CITY — Bowery Square Corp. has sold 196 Bowery, a mixed-use property in Manhattan’s NoLita neighborhood, to Javery Capital for $11.4 million. The eight-story, 13,000-square-foot building sits on… The post Javeri Capital Buys Manhattan Mixed-Use Property for $11.4M appeared first on Multifamily & Affordable…

MultifamilyAffordable HousingDebt & FinancingPittsburghPennsylvania

PNC Bank Closes $251.4M Fund to Support 16 Affordable Housing Projects

PITTSBURGH — PNC Bank has closed the Low-Income Housing Tax Credit (LIHTC) Fund 104, a $251.4 million fund focused on the development and preservation of affordable rental housing across the United… The post PNC Bank Closes $251.4M Fund to Support 16 Affordable Housing Projects appeared first on Multifamily &…

MultifamilyAffordable HousingDebt & FinancingBaltimoreMaryland

CFG Bank Launches CFG Mortgage Partners, Appoints Dan Sacks to Lead New Initiative

BALTIMORE — CFG Bank, servicing the nationwide healthcare and multifamily financing industries as well as the Mid-Atlantic commercial banking market, has launched CFG Mortgage Partners, a group dedicated to customized… The post CFG Bank Launches CFG Mortgage Partners, Appoints Dan Sacks to Lead New Initiative…

Jackson Square Sells Latitude in Everett, Washington, for $24.5M

EVERETT, WASH. — Jackson Square Properties has sold Latitude, a 108-unit property in Everett’s Lake Stickney neighborhood, to Bridge Housing for approximately $25.4 million. The asset was developed in 1986.… The post Jackson Square Sells Latitude in Everett, Washington, for $24.5M appeared first on Multifamily &…

MultifamilyAffordable HousingAtlantaGeorgia

Vida Cos. to Build Carrena in Buford, Georgia

BUFORD, GA. — Vida Cos. has closed on financing for the construction of Carrena, a ground-up development in in the northern Atlanta suburb of Buford. The 289-unit Careena is the… The post Vida Cos. to Build Carrena in Buford, Georgia appeared first on Multifamily & Affordable Housing Business . ]]>

MultifamilyAffordable HousingOfficeNew YorkNew York

Madison Realty Capital Originates $480M Loan for Midtown Manhattan Office-to-Residential Project

NEW YORK CITY — Madison Realty Capital has originated a $480 million loan for the office-to-residential conversion of 1740 Broadway in Midtown Manhattan. Yellowstone Real Estate Investments was the borrower,… The post Madison Realty Capital Originates $480M Loan for Midtown Manhattan Office-to-Residential Project…

Affordable HousingMultifamilyU.S. National

Walker & Dunlopreport

The growing need for neuro-inclusive affordable housing

Examines how neuro-inclusive design in affordable housing can address the shortage affecting millions of adults with intellectual and developmental disabilities.

Posted 7 days ago·Published 8 days agoRead

MultifamilyAffordable HousingHoustonTexas

12ten Capital Acquires Harper’s Mill in Houston

HOUSTON — Interurban Cos. has sold Harper’s Mill, a 180-unit property built in 1984, to 12ten Capital for an undisclosed sum. Located in Northwest Houston, Harper’s Mill is comprised of… The post 12ten Capital Acquires Harper’s Mill in Houston appeared first on Multifamily & Affordable Housing Business . ]]>

Multifamily & Affordable Housing Businessreport

The Operational Standard Residents Expect — And Why It’s Higher Than Ever

By Crystal Jackson and Aryne Bailey In conventional multifamily, it’s easy to assume that competition is driven by what residents can see: upgraded finishes, new amenity packages or the latest… The post The Operational Standard Residents Expect — And Why It’s Higher Than Ever appeared first on Multifamily &…