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...
$222 Million Affordable Housing Project Set to Break Ground in the Bronx, NY
Tishman Speyer’s TS Communities is moving forward with the development of 160 Van Cortlandt Park South, a $222 million 339-unit affordable housing project in the Bronx, New York, with financing secured through bonds, loans, and tax credit equity. The eight-story...
Madison, WI Awards $9.85 Million to Four Affordable Housing Projects
The City of Madison, Wisconsin, has awarded $9.85 million in Affordable Housing Fund loans to support four affordable housing developments as part of the city's goal to expand housing options and create over 250 affordable units. Applicants for this fund must meet...
$5.35 Million Investment Supports Affordable Housing in Pennsylvania
In a step toward solving Pennsylvania’s housing crisis, the state is investing $5.35 million through the HOME Investment Partnerships Program to support the rehabilitation of over 100 low-income, owner-occupied homes in eight counties. This funding is in furtherance...
Affordable Housing Project in Milwaukee County, WI Gets $3 Million Boost
Milwaukee County Executive David Crowley revealed $3 million in funding for a new $50 million development on the former Bucyrus campus at 1100 Milwaukee Ave. With construction set to begin in 2025 and completion expected in 2026, the project will feature 171 rental...
$25 Million Approved by Nevada State Infrastructure Bank for Las Vegas Affordable Housing Project
The Nevada State Infrastructure Bank has approved $25 million in financing for an affordable housing project in Las Vegas, Nevada. This funding will support the initial $57.3 million infrastructure phase of the Desert Pines Redevelopment Project, which will transform...
Oceanside, CA Affordable Housing Project Gets $45M Financing From State Bonds
$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
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...
Joint Venture to Develop $44 Million Affordable Housing Project for Homeless Families in Charleston, SC
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
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...