Specialty Housing News
The latest trends, news and insights on affordable housing, senior housing and student housing.
$272.6M Renovation Underway at East Harlem’s Affordable Housing Units
Merchants Capital has secured over $100 million in financing to acquire, recapitalize, and renovate 523 affordable housing units across Metro North Plaza and Gaylord White Houses in East Harlem, New York under a $272.6 million PACT project. The project will convert...
Construction Begins on Azalea Lake Mary Senior Living Project in Florida
ZOM Living, Mattoni Investments, and The Wideman Co. have broken ground on Azalea Lake Mary, a 178-unit senior independent living development in Lake Mary, Florida, with completion expected in early 2027. The community will offer one- and two-bedroom apartments for...
Student Housing Investors Eye Smaller University Markets
Student housing investors are increasingly considering smaller universities with enrollments between 10,000 and 20,000, moving beyond traditional Power Four conference schools, according to Northmarq’s first National Student Housing Investor Survey. The shift is...
States Sue Trump Administration Over Cuts to HUD’s Continuum of Care Program
A coalition of 19 attorneys general and two governors sued the Trump administration over changes to HUD’s Continuum of Care program, which drastically reduce permanent housing funding. The lawsuit argues the policy is unlawful and unconstitutional, claiming it could...
Morgan Stanley Completes $1B Student Housing Acquisition
Morgan Stanley Real Estate Investing and Global Student Accommodation have acquired eight student housing properties worth over $1 billion, adding 6,200 beds to its portfolio across seven U.S. states. The off-market portfolio serves top universities including the...
KeyBank Finances $72.8M Atlanta Civic Center Senior Housing Redevelopment
KeyBank Community Lending and Investment provided $72.8 million in financing for the first phase of the Atlanta Civic Center redevelopment, a 148-unit affordable senior housing project in the Old Fourth Ward. This redevelopment project is being carried out through a...
Judge Upholds Pittsburgh Inclusionary Zoning for Affordable Housing
A federal judge has dismissed a challenge to Pittsburgh’s inclusionary zoning policy, which requires developers of 20 or more units in certain neighborhoods to set aside at least 10% for low-income residents. The Builders Association of Metropolitan Pittsburgh sued in...
Florence County, SC Must Pay $12M Over Affordable Housing Discrimination
A federal jury has found Florence County liable for blocking an affordable workforce housing project, ordering the county to pay more than $12 million to developer DHD Jessamine LLC. The ruling stemmed from the county’s 2022 moratorium, which halted construction of 60...
McDowell Housing Partners Breaks Ground on $64.68M 150-Unit Senior Housing in Florida
McDowell Housing Partners has started construction on Ekos at Pembroke Park, a 10-story, 150-unit senior housing development in Broward County, Florida. The project, with JWR Construction as the general contractor, Reprtwar as the architect of record, and HSQ Group as...
University of California Santa Barbara Begins Construction on San Benito Housing Project
UC Santa Barbara has started construction on the San Benito Housing project, part of a two-phase plan to expand student housing on campus. The $32 million development will add 2,224 apartment-style beds near Harder Stadium, featuring seven towers with shared amenities...
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