Specialty Housing News
The latest trends, news and insights on affordable housing, senior housing and student housing.
$263.2M LIHTC Fund to Advance Affordable Housing Development
Red Stone Equity Partners has closed its largest low-income housing tax credit (LIHTC) fund to date, the $263.2 million Fund 113, which is earmarked for the development and rehabilitation of 1,672 affordable housing units across 19 properties in 11 states. Fund 113...
$51 Million in Awarded for Affordable Homeownership Across New York
In support of Governor Kathy Hochul's $25 billion Housing Plan to create and preserve 100,000 affordable homes, the state leader has announced that $51 million in grants have been awarded, benefiting 1,060 households across New York. Made possible through programs...
Florida Tech to Build New 555-Bed Student Housing Complex
To meet the rising enrollment rate, Florida Tech is planning to build a six-story, 555-bed student housing complex atop the Southgate intramural sports field, which is expected to increase the campus’s housing capacity by 27%. The 212,000-square-foot facility will...
New 18-Story Student Housing Complex Coming to Ann Arbor, Michigan’s South University Avenue
Landmark Properties is developing The Metropolitan, a 241-unit student housing community located at 1208 South University Avenue in Ann Arbor, Michigan, following the successful acquisition of a 0.58-acre site which is currently home to the Galleria Mall. Located just...
New Jersey Court Rules Against Towns Challenging Affordable Housing Mandates
Judge Robert Lougy, a New Jersey judge, has rejected a request from 26 towns to halt the state’s affordable housing process while their lawsuit challenging a new law outlining housing obligations continues. The towns, which sued in October, argued that the law...
$222 Million Affordable Housing Project Set to Break Ground in the Bronx, NY
Tishman Speyer’s TS Communities is moving forward with the development of 160 Van Cortlandt Park South, a $222 million 339-unit affordable housing project in the Bronx, New York, with financing secured through bonds, loans, and tax credit equity. The eight-story...
$42 Million Loan to Refinance Student Housing Near University of Mississippi
A $42 million first mortgage floating-rate bridge loan has been closed by Seven Hills Realty Trust to refinance The Domain at Oxford, a student housing facility located near the University of Mississippi in Oxford, Mississippi. The loan for the 642-bed student housing...
$473 Million Financing Deal Secured for Senior Housing Development in Irvine, CA
A $473 million financing deal, facilitated and structured by JLL, has been finalized for The James, a senior housing facility in Irvine, California. This project, the largest senior housing development in Orange County, will feature a 350-bed facility, including 210...
Madison, WI Awards $9.85 Million to Four Affordable Housing Projects
The City of Madison, Wisconsin, has awarded $9.85 million in Affordable Housing Fund loans to support four affordable housing developments as part of the city's goal to expand housing options and create over 250 affordable units. Applicants for this fund must meet...
$5.35 Million Investment Supports Affordable Housing in Pennsylvania
In a step toward solving Pennsylvania’s housing crisis, the state is investing $5.35 million through the HOME Investment Partnerships Program to support the rehabilitation of over 100 low-income, owner-occupied homes in eight counties. This funding is in furtherance...
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