Specialty Housing News
The latest trends, news and insights on affordable housing, senior housing and student housing.
Texas Awards $99M in Tax Credits for Affordable Housing
Texas has awarded over $99 million in housing tax credits to support the construction or rehabilitation of 63 affordable rental properties across the state. The funding, administered through the Housing Tax Credit Program, will help create or preserve more than 4,400...
Appeals Court Upholds Developer’s Claim in Housing Fight with Western Carolina University
The North Carolina Court of Appeals has cleared the way for the owner of The Husk, an off-campus student housing complex near Western Carolina University, to move forward with a breach of contract lawsuit against the school. The developer claims WCU violated an...
West Orange, NJ Faces Builder’s Remedy Lawsuit Over Affordable Housing Lapse
A missed affordable housing deadline has triggered a lawsuit in West Orange, putting a historic property, Mayfair Farms, at the center of a local political feud. Developer Eagle Rock is suing the township to build a 410-unit complex, including 82 affordable units,...
Rock Solid Secures $29.5M Construction Loan for Luxury Senior Living in NJ
Rock Solid Builders has secured a $29.5 million construction loan from Kearny Bank to develop an 85-unit, luxury senior rental project in Nutley, New Jersey. Slated for completion in spring 2027, the Soho Park Residences will offer upscale amenities for renters 55 and...
FHLBank San Francisco Awards $49.7M for Affordable Housing in AZ, CA, NV
The Federal Home Loan Bank of San Francisco has awarded $49.7 million in Affordable Housing Program grants to support 31 housing projects across Arizona, California, and Nevada, for the creation of over 2,050 affordable units. The funding includes $44.6 million which...
Preleasing for 2025–26 School Year Hits 79.9%
Preleasing for the 2025–2026 school year reached 79.9% in May, up 1.5% from last year, with 30 universities already over 90% preleased, according to Yardi Matrix. Annual rent growth has also slowed to 2.1%, the lowest since 2021, with 59 markets reporting negative...
Lawsuit Seeks to Block $60M Bond for Colorado Springs Affordable Housing Project
A residents’ group has filed a lawsuit to block Colorado Springs from issuing a $60 million private activity bond for the planned Royal Pines affordable housing complex. The group, Preserve Pine Creek, argues the bond violates Colorado’s Taxpayer’s Bill of Rights and...
Trump Administration Pushes Back on Cranbury’s Seizure of Historic NJ Farm for Affordable Housing
Federal officials are pressuring Cranbury Township to halt plans to acquire the 175-year-old, 21-acre historic, Henry Farm for affordable housing, with the Trump Administration citing potential violations of federal farmland requirements. USDA Secretary Brooke Rollins...
NY Gov Hochul Unveils $1 Billion Boost for Statewide Affordable Housing Projects
Governor Kathy Hochul has announced a $1 billion investment to create or preserve nearly 3,000 affordable homes across New York State as part of her $25 billion, five-year Housing Plan. The funding, comprised of $560 million in housing bonds and $466 million in...
$240 Million P3 Deal Brings Student Housing to Palm Beach Atlantic University
A $240 million public-private partnership between Gilbane and Palm Beach Atlantic University will bring a 25-story, mixed-use student housing tower to downtown West Palm Beach. The project includes 990 student beds, a dining hall, fitness center, and parking...
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