Specialty Housing News
The latest trends, news and insights on affordable housing, senior housing and student housing.
Los Angeles Pays $38.2 Million Settlement For False Accessibility Claims in Affordable Housing
The City of Los Angeles has recently agreed to pay $38.2 million to settle a lawsuit filed by the U.S. Department of Justice, alleging that the city violated the False Claims Act by falsely certifying its multifamily affordable housing units as accessible to people...
Sonida Senior Living to Acquire Eight Senior Communities in Southeast for $103 Million
Sonida Senior Living, Inc. is set to acquire eight senior living communities in South Carolina and Florida. This transaction, valued at $103 million, comprises 555 units with Assisted Living and Memory Care options, located in Jacksonville, Orlando, Daytona Beach,...
Legal Dispute Erupts Over UCSC’s Student Housing Contract Award
The Nor Cal Carpenters Local Union 505 has filed a lawsuit against the University of California, alleging an unfair bidding process for the UC Santa Cruz student housing project, Student Housing West. The union argues that W. E. O’Neil Construction Co. of Norcal...
University of Georgia Leases Land for New $70 Million Student Residence Hall
The University of Georgia is gearing up for the development of a $72.5 million student housing, leasing 0.596 acres of campus land to address the soaring demand for student housing. An affiliate of the UGA Real Estate Foundation, Inc. UGAREF Lumpkin Street Housing...
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...
Massachusetts Gov Signs $5.16 Billion Affordable Homes Act
In a historic move this month, Massachusetts signed into law the Affordable Homes Act, investing $5.16 billion in bond authorizations and tax credits to combat the housing crisis across the state. This landmark legislation is the largest investment in housing in the...
$500 Million Allocated Towards NYC’s Affordable Housing Plans
New York is taking another step in tackling the housing crisis as Gov. Kathy Hochul, along with Mayor Eric Adams and New York City Comptroller Brad Lander, recently announced a $500 million investment in the preservation and construction of affordable housing across...
$45.4 Million in Financing from KeyBank Boosts Affordable Housing in Oak Harbor, WA
Shelter Resources, Inc., a Washington-based affordable housing developer, has secured $45.4 million in financing from KeyBank Community Development Lending and Investment for its Camas Flats project in Oak Harbor. This development will offer 81 affordable housing...
Four Wisconsin Tribes Receive $20 Million Grant for Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) has recently announced the four Wisconsin tribes that will receive a portion of the $20 million in federal funding to support affordable housing development in their communities. This financial boost comes...
New Colorado Law Gives Local Governments Right of First Refusal For Affordable Housing Properties
A new Colorado law aimed at preserving the affordability of housing went into effect on August 7, 2024. HB24-1175 grants local governments the right of first refusal to purchase existing subsidized housing properties. With the new law, local governments will be given...
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