Specialty Housing News
The latest trends, news and insights on affordable housing, senior housing and student housing.
Philadelphia’s $2 Billion Housing Plan to Create and Protect 30,000 Affordable Homes
Mayor Cherelle Parker recently unveiled a $2 billion housing initiative to build 13,500 new affordable homes and preserve 16,500 existing ones. The initiative, called Housing Opportunities Made Easy (H.O.M.E.), would include programs to assist renters, homeowners, and...
Landmark Properties Buys Site Near the University of Connecticut to Build 738-Bed Student Housing Community
Landmark Properties has acquired a 1.56-acre site at 134 North Eagleville Road near the main campus of the University of Connecticut in Storrs, Connecticut, to build The Mark Mansfield, a 738-bed student housing community. The site was acquired in partnership with...
Historic Broadview Hotel Transformed into $44 Million Senior Housing Community in Illinois
Efficacy Consulting is set to open The New Broadview Mature Adult Living Facility, a $44 million, 110-unit affordable senior housing community in East St. Louis, Illinois. This development was made possible through funding provided by Community Lifeline, which...
Cleveland, Ohio’s $100 Million Investment Fund to Build 3,000 Affordable Homes Launched
Cleveland is tackling its affordable housing crisis with the launch of the Cleveland Housing Investment Fund (CHIF), aiming to raise $100 million to build between 2,500 and 3,000 affordable homes, including a minimum of 100 units of for-sale housing. This initiative...
$270 Million Boost Aims to Deliver 1,800 Affordable Homes Across New York
In a move to combat the ongoing housing crisis, New York State is making a $270 million investment for the creation of 28 separate housing developments. The funding will be used for the construction and preservation of over 1,800 affordable homes and draws from...
Kansas City, MO Approves Funding for $300 Million Parade Park Homes Redevelopment
More affordable housing units are coming to Kansas City, Missouri, following the passage of an ordinance approving funding for the $300 million redevelopment of Parade Park Homes. The project, led by Flaherty & Collins Properties and Twelfth Street Heritage...
Alpena, Michigan Greenlights Development and TIF Plan for $47 Million Senior Housing Project
A development plan and Tax Increment Financing (TIF) plan have recently been approved by the City of Alpena, Michigan, for a new $47 million senior housing project, which will be called The Gardens of Alpena Senior Living Community. The community will feature 128...
New $145M, 1,000 Bed Residence Hall at UT Austin
A new $145 million student housing project is coming to The University of Texas at Austin, with Balfour Beatty Campus Solutions chosen as the developer, Andres as the general contractor, and Clark Nexsen & Levy Dykema as the architects. Set to open in Fall 2027,...
NYU’s Lafayette Hall Secures $180M Loan from Apollo
Apollo Global Management has issued a $180 million loan to refinance NYU’s largest student housing property, Lafayette Hall, a 17-story dormitory with 262 units in Lower Manhattan. The financing was arranged by Newmark Group Inc.’s Jordan Roeschlaub and Nick Scribani...
$264 Million Redevelopment to Turn CUNY Dorm into Affordable Housing in East Harlem, NY
An increase in New York’s affordable housing inventory is coming with the announcement of a $264 million project at 1760 Third Avenue in East Harlem, transforming a former CUNY dormitory into 433 affordable units. Backed by state and city funding, the development will...
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