Specialty Housing News
The latest trends, news and insights on affordable housing, senior housing and student housing.
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...
L+M Development Purchases Affordable Housing in CT for $41 Million, Plans for $17 Million Rehabilitation
L+M Development Partners is planning a $17 million renovation of Laurel Estates, a 276-unit low-income apartment complex in Waterbury, Connecticut, after its subsidiary, Laurel Estates Preservation LLC, successfully purchased the property for $41.25 million. The said...
KeyBank Finances $41.4M Senior Housing Redevelopment of First & Market in Pittsburgh, PA
KeyBank Community Development Lending and Investment provided $27 million in construction loan financing and arranged a $14.4 million permanent loan to transform the First & Market office building into 93 affordable senior housing units in downtown Pittsburgh,...
Fort Lewis College Expands Housing Options with $12 Million Apartment Purchase in Colorado
More residential units will be available to students at Fort Lewis College in Durango, Colorado, as the institution has expanded its student housing inventory with the $12 million purchase of the 1304 Apartments on Florida Road, adding 20 units and 68 beds. The...
$141.3 Million Affordable Housing Bond Funding Invested for Oregon Counties
As a response to the housing affordability issues that the residents of Oregon are currently facing, Oregon Housing and Community Services (OHCS) has announced that it is investing over $141.3 million in bond funding which will be used to develop and preserve more...
$10 Billion Affordable Housing Bond Headed for California’s 2026 Ballot
Assembly Bill 736 and Senate Bill 417, both known as the Affordable Housing Bond Act of 2026, were recently introduced by Assemblymember Buffy Wicks and Senator Christopher Cabaldon, which would place a $10 billion affordable housing bond measure on California’s June...
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