Affordable Housing

Dogwood-Trail-Apartments-II_Albany-Ga
Affordable HousingDevelopmentGeorgiaNews

Lockwood Cos. Breaks Ground on Affordable Community in Southwest Georgia

by Hayden Spiess

ALBANY, Ga. — Lockwood Cos. has broken ground on a new affordable seniors housing community in Albany, a city in southwest Georgia.  Upon completion, Dogwood Trail Apartments II will feature 20 one-bedroom apartments and 20 two-bedroom apartments. Units will be reserved for residents age 55 and older earning at or below 30, 50, 60 and 70 percent of the area median income.  This project marks the second phase of a master planned redevelopment of the area.  Completion of construction is scheduled for winter 2027. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Oasis at Aventura
Affordable HousingDevelopmentFloridaNews

Housing Trust Group, AM Affordable Housing Open 95-Unit Community in Miami

by Hayden Spiess

MIAMI — Housing Trust Group (HTG) and AM Affordable Housing have opened Oasis at Aventura, a new affordable seniors housing community in Miami. Totaling 95 units across eight stories, the property was developed for $38 million.  Apartments at the community, which feature a one-bedroom layout, are reserved for residents age 62 and older earning at or below 25, 33 and 60 percent of the area median income. Monthly rental rates range from $555 to $1,369.  Amenities at Oasis at Aventura include a fitness center, community room, library, resident lounge, an outdoor …

Continue Reading
0 FacebookTwitterLinkedinEmail
Leyden-Senior-Apartments_Franklin-Park-Ill
Affordable HousingDevelopmentIllinoisNews

Evergreen Real Estate Group Tops Off 80-Unit Affordable Development in Metro Chicago

by Hayden Spiess

FRANKLIN PARK, Ill. — Evergreen Real Estate Group has topped off Leyden Senior Apartments, an 80-unit independent living development currently underway in Franklin Park, a western suburb of Chicago.  Designed by Weese Langley Klein Architects, Leyden Senior Apartments will feature 72 one-bedroom and eight two-bedroom residences. Units will be reserved for seniors age 62 or older earning at or below 60 percent of the area median income. Pre-leasing is scheduled to begin in spring 2026, with delivery planned for that summer. F.H. Paschen is serving as the project’s general contractor.  Amenities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gordon-H-Mansfield-Veteran-Seniors-Village_West-Deptford-N.J
Affordable HousingDevelopmentNew JerseyNews

WinnDevelopment, Soldier On Break Ground on $29M Affordable Development for Veterans

by Hayden Spiess

WEST DEPTFORD, N.J. — WinnDevelopment and nonprofit Soldier On have broken ground on a new affordable housing development in West Deptford for senior veterans. This marks the fifth partnership between WinnDevelopment, the development arm of WinnCos., and Soldier On.  Upon completion, the $29 million development will feature 84 apartments reserved for veterans age 55 and older. Dubbed the Gordon H. Mansfield Veterans and Seniors Village, the 84,720-square-foot property will have a mix of one- and two-bedroom units. Twenty-one apartments will be reserved for residents earning at or below 30 percent of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Atlanta-Civic-Center-Redevelopment
Affordable HousingDevelopmentFinanceGeorgiaNews

KeyBank Arranges $72.8M Financing for Affordable Redevelopment in Atlanta

by Hayden Spiess

ATLANTA — KeyBank Community Development Lending and Investment (CDLI) has arranged $72.8 million in financing for the first phase of the redevelopment of Atlanta Civic Center. The borrower, Civic Center Partners, is converting a portion of the property into a 148-unit affordable seniors housing community.  Civic Center Partners — a joint venture between The Michaels Organization, Sophy Cos. and Republic Properties — is partnering with Atlanta Housing, which owns the Atlanta Civic Center, on the project.  KeyBank CDLI provided a $39.1 million taxable construction loan and $25.2 million in federal low-income …

Continue Reading
0 FacebookTwitterLinkedinEmail
Clarisa James Kings III Emergency systems quote from article
Active AdultAffordable HousingAssisted LivingCCRCContent PartnersFeaturesIndependent LivingIndustry ContentOperationsSkilled NursingTechnology

How Safety Investments Build Trust in Senior Living Communities

by Sarah Daniels

Establishing trust is an ongoing challenge for many seniors housing communities, with operators continually working to draw in new residents while simultaneously recruiting staff in an industry plagued by high turnover and labor gaps. In both efforts, evidence of the owner’s commitment to safety infrastructure can be a deciding factor that brings people in for the long term, according to Clarisa James, national vertical sales director at Kings III Emergency Communications. “Families want reassurance that loved ones are safe, not only in their living areas but throughout the community,” James …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFinanceGeorgiaNews

Columbia Residential Secures Financing for $28.4M Renovation Project at Affordable Community in Atlanta

by Hayden Spiess

ATLANTA — Columbia Residential has secured financing for a $28.4 million renovation and preservation project at Columbia Senior at MLK Village, an affordable seniors housing community located in Atlanta.  Originally developed in 2007 in partnership with Ebenezer Building Foundation, Columbia Senior at MLK Village features 121 units for residents age 62 and older. The preservation project will rehabilitate the community and upgrade amenities at the property.  Atlanta Housing has committed 121 HomeFlex vouchers for 20 years to the community. Funding for the renovation includes tax-exempt bond financing issued by Invest Atlanta, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFinanceMarylandNews

Walker & Dunlop Arranges $40M Financing for New Affordable Seniors Housing Development in Metro D.C. 

by Hayden Spiess

HYATTSVILLE, Md. — Walker & Dunlop has arranged $40.5 million in debt and equity for a new affordable seniors housing development in Hyattsville, roughly seven miles east of downtown Washington, D.C. Community Housing Initiative, which is developing the project in partnership with First Baptist Church of Highland Park, is the borrower.  Upon completion, The Highlands will total 137 units for residents age 62 and older. Five of the residences will be reserved for seniors earning at or below 50 percent of the area median income (AMI), with the remaining 132 apartments …

Continue Reading
0 FacebookTwitterLinkedinEmail
Timber-Ridge_Davenport-Iowa
Affordable HousingDevelopmentIowaNews

Woda Cooper Cos., Parallel Housing Break Ground on 52-Unit Affordable Housing Development in Iowa

by Hayden Spiess

DAVENPORT, Iowa — Woda Cooper Cos. Inc. and nonprofit Parallel Housing Inc. have broken ground on a new 52-unit affordable housing development located in Davenport.  Units at the community, dubbed Timber Ridge, will be reserved for seniors age 62 and older earning at or below 40 and 60 percent of the area median income. Monthly rental rates for the one- and two-bedroom apartments are expected to range from $565 to $975.  Financing for the project includes a HOME loan from the City of Davenport and the allocation of nine percent housing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ekos-Pembroke-Park_Pembroke-Park-Fla
Affordable HousingDevelopmentFloridaNews

McDowell Housing Partners Begins Development of $64.7M Affordable Seniors Housing Project in Florida

by Hayden Spiess

PEMBROKE PARK, Fla. — McDowell Housing Partners has begun construction of Ekos at Pembroke Park, a new affordable seniors housing development located in Pembroke Park.  Upon completion, the $64.7 million project will total 150 units reserved for seniors earning up to 80 percent of the area median income. This marks the 16th affordable housing project in the state of Florida for McDowell.  Amenities at the community will include a clubroom, fitness center, package lockers, bike storage and six electric vehicle charging stations. Nonprofit organization Area Agency on Aging of Broward County …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts