Specialty Housing News

The latest trends, news and insights on affordable housing, senior housing and student housing.

Civic Development Podcast #1: The Big Beautiful Bill and Affordable Housing in the 2nd Trump Administration with David Gasson

Episode #1 David Gasson of MG Housing Strategies joins us to break down everything affordable housing professionals need to know about the state of play in the 119th Congress and the 2nd Trump Administration. * The episode begins with a discussion on the 2nd Trump...

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 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...

San Francisco Pulls $20 Billion Affordable Housing Bond From November Ballot

In a sudden turn of events, two months after the board of the Bay Area Housing Finance Authority voted to place a $20 billion affordable housing bond on this year's ballot, the board this week unanimously decided to pull the measure from the November ballot. The...

UC San Diego Seeks Approval for $2 Billion Student Housing Village; Would Be Largest in San Diego County

A $2 billion student housing village is on the horizon on the eastern edge of UC San Diego's main campus as Chancellor Pradeep Khosla seeks approval from the University of California for its development. The proposed village is set to exceed the size of any...

New California Budget Directs $2 Billion to Affordable Student Housing

Funding Flowing to Local Governments for Affordable Housing Construction

Billions of dollars in public funding and tax enrichments are currently available to support the construction of affordable housing throughout the U.S. The impetus behind these incentives is the country’s affordable housing shortage which has reached near-crisis...

Oceanside, CA Affordable Housing Project Gets $45M Financing From State Bonds

Nov 5, 2024 | Affordable Housing, Finance - Specialty Housing

$45 million in financing from tax-exempt state bonds has been approved for the development of a $56 million affordable housing project on South El Camino Real in Oceanside, which will include the construction of 111 rental apartments for low-income households. These...

Easthampton, MA Secures $4.4M Grant for Affordable Housing Project

Nov 5, 2024 | Affordable Housing, Finance - Specialty Housing

Easthampton, Massachusetts has secured a $4.4 million HousingWorks grant, which will be allocated toward the development of a 96-unit affordable housing project at 11 Ferry Street. Led by Home City Development, the project will transform a former mill complex into a...

Capital One Secures $90.5M for Senior Housing Project in Oakland, CA

Nov 5, 2024 | Finance - Specialty Housing, Senior Housing

Capital One has announced that it has successfully closed a $90.5 million financing package to support Chinatown TOD Senior Housing, a 97-unit affordable housing community for seniors in Oakland, California. The financing includes a $41.2 million low-income housing...

Vesper Holdings Acquires 432-Bed Student Housing Community in Denton, Texas

Oct 22, 2024 | Student Housing

Vesper Holdings has acquired Midtown 905, a 432-bed student housing community in Denton, Texas, marking its fifth acquisition of a student housing asset in the local market. The community is located near University of North Texas, and the company plans to invest $1.8...

The Annex Group Starts Construction on 542-Bed Student Housing Community at University of Memphis

Oct 22, 2024 | Student Housing

The Annex Group has officially broken ground on a new student housing community at the University of Memphis, which will be able to accommodate both students and student athletes with a total of 542 beds. Expected to open in fall 2026, the said development will offer...

Harrison Street Closes $2.5 Billion Senior Housing Fund

Oct 22, 2024 | Senior Housing

Harrison Street has successfully closed its Harrison Street Real Estate Partners IX, L.P. fund, raising over $2.5 billion in capital commitments, with more than $7 billion in buying power. The fund will be invested on various sectors, including senior housing assets...

Joint Venture to Develop $44 Million Affordable Housing Project for Homeless Families in Charleston, SC

Oct 22, 2024 | Affordable Housing

A new $44 million, 87-unit affordable housing project in Charleston, S.C., is set to rise soon, which will be developed by a joint venture of The Michaels Organization, Spandrel Development, and One80 Place. The six-story complex aims to serve homeless families and...

$22 Million Financing Closed by MassHousing for 61 New Affordable Rental Units in Salem

Oct 22, 2024 | Affordable Housing

With the closing of $22 million in financing by MassHousing, North Shore Community Development Coalition (NSCDC) is moving forward with the redevelopment of two former school buildings in Salem into 61 affordable rental units, with the funding package consisting of...

Brookdale Senior Living Expands Portfolio with $610 Million Acquisition of 41 Leased Communities

Oct 7, 2024 | Affordable Housing, Senior Housing

Brookdale Senior Living is set to acquire 41 leased communities for $610 million, totaling 2,789 units. The deal will be funded through debt, convertible notes, and mortgage financing, with financing led by Deerfield Management, positioning the company for long-term...

Dartmouth College Announces $500 Million Investment in Student Housing Residences

Oct 7, 2024 | Student Housing

Dartmouth College has announced a $500 million investment to expand and modernize its undergraduate residences, adding 1,000 new beds, and upgrading current facilities. The project kicked off last August with the groundbreaking of Russo Hall, an apartment-style...

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