SALT LAKE CITY — Cowboy Partners, with MVE + Partners as architect, has broken ground on Liberty Corner, an affordable housing property in Salt Lake City. The 387,857-square-foot, ground-up community will feature 200 apartments. Salt Lake City-based Cowboy Partners is a multifamily and mixed-use developer.
ATLANTA — Exact Capital has delivered Skyline Apartments, a 250-unit affordable housing community located along the Atlanta Beltline’s Southside Trail in the city’s Peoplestown neighborhood. The property is located at 1090 Hank Aaron Drive SE and represents a $94 million investment. Capital partners on the project included Invest Atlanta (the City of Atlanta’s economic development arm), Goldman Sachs, Stonehenge, LISC and Walker & Dunlop. Exact Capital and joint venture partner Aleem Construction broke ground on Skyline Apartments in 2022 in a ceremony with Atlanta Mayor Andre Dickens. The community features studio, one- and two-bedroom apartments reserved for households earning at or below 60 percent of the area median income (AMI). Amenities include a healthcare center, modern fitness facility, community room, meeting spaces, dog wash station, secure gated entry and covered parking.
GRESHAM, ORE. — USA Properties Fund and Northwest Housing Alternatives have completed Terracina Vista, an affordable housing community in Gresham, approximately 10 miles from downtown Portland. Located at 16503 E. Burnside St., Terracina Vista offers 92 one-, two- and three-bedroom apartments for residents earning less than 60 percent of the area median income. Apartments feature energy-efficient appliances and lighting and low-flow faucets, showers and toilets. Community amenities include a community room, computer workstations, indoor bike storage, elevators and laundry facilities. Funding for Terracina Vista was made possible by a private-public partnership with the City of Gresham, Oregon Housing and Community Services and Oregon Metro as subsidy lenders. WNC & Associates is the tax credit investor on the $43 million development. Capital One was the construction lender, with Citi Community Capital as the permanent lender.
SAN FRANCISCO AND IRVINE, CALIF. — BRIDGE Housing and Avanath Communities have jointly formed an affordable and workforce housing property management company called Brighthaven Communities. Initially, Brighthaven will provide property management services to the two organizations’ combined portfolio of properties, which totals approximately 30,000 affordable homes across 15 states. The new company plans to extend its services beyond the partners’ own properties to include other nonprofit and for-profit owners of affordable and workforce housing communities. Brighthaven will be governed by a six-member board with equal representation from both organizations. Avanath is an Irvine-based private investment firm, and BRIDGE is a nonprofit affordable housing owner and developer headquartered in San Francisco.
ELKHART, IND. — Merchants Capital has arranged $70 million in financing for the construction of Flats at Pinecreek, a 252-unit workforce housing development in Elkhart. Holladay Properties is the developer. Merchants Capital secured a $35 million Freddie Mac Forward Commitment permanent loan and a $35 million construction loan provided by Merchants Bank. Flats at Pinecreek will be supported via an 18-year tax-increment financing structure. Roughly 25 percent of the units will be reserved for residents earning between 60 and 80 percent of the area median income, with the remaining units provided at market rate. Flats at Pinecreek will include seven three-story buildings and a clubhouse. There will be 126 one-bedroom units, 105 two-bedroom units and 21 three-bedroom residences. Amenities will include a fitness center, pool, dog park, lounge and coffee bar, grill stations and a package delivery hub. Construction has commenced, and completion is slated for January 2027.
FORT WORTH, TEXAS — A partnership between Columbia Residential and Renaissance Heights Foundation has broken ground on Columbia Renaissance Square III, a 100-unit affordable seniors housing project in southeast Fort Worth. The project represents the third and final phase of a larger mixed-income development. A portion of those residences will be reserved for renters earning between 30 and 80 percent of the area median income, and 16 units will be set aside as permanent supportive housing. Phase I of Columbia Renaissance Square totaled 140 units, and Phase II featured 120 age-restricted units.
LIVINGSTON, N.J. — Local brokerage firm The Kislak Co. Inc. has negotiated the $4.5 million sale of Peachtree Apartments, a 51-unit affordable housing complex located in the Northern New Jersey community of Livingston. Built in 2022, Peachtree Apartments offers one-, two- and three-bedroom units. Information on specific amenities and income restrictions was not disclosed. Matt Weilheimer and Tom Scatuorchio of Kislak represented the seller, Joseph Kushner Hebrew Academy, in the deal and procured the undisclosed buyer.
DENVER — Trailbreak Partners has obtained $37.1 million in construction takeout financing for Ridian Apartments, a 132,000-square-foot multifamily community in Denver. Rob Bova led the JLL Capital Markets Debt Advisory team that secured the floating-rate loan through an insurance company’s debt fund for the borrower. Completed in 2025, Ridian Apartments features 123 studio, one- and two-bedroom apartments, including 12 affordable units restricted to households earning up to 80 percent of the area median income. Units feature premium finishes, including chef-inspired kitchens with quartz countertops, stainless steel appliances, custom cabinetry, in-unit washers/dryers, frameless glass shower doors and keyless entry, with select units offering private patios or balconies. Community amenities include a resort-style pool and hot tub, rooftop lounge with 360-degree mountain and city views, a fitness center and clubhouse with coworking spaces. Additionally, the property offers covered garage parking, 24-hour security monitoring and package lockers.
COLUMBUS, OHIO — Merchants Capital has secured $35.1 million in tax credit equity financing for Lofts at 40 Long, a project involving the adaptive reuse of a vacant YMCA building in Columbus into affordable housing. Woda Cooper Cos. Inc. and IMPACT Community Action are co-developing the property. Merchants Capital secured $18.5 million in 4 percent low-income housing tax credit (LIHTC) equity, $11.4 million in federal historic tax credits and $5.2 million in Ohio LIHTC. Ohio Housing Finance Agency allocated the federal and state housing tax credits, and the National Park Service allocated the federal historic credits. Other funding sources included the city and county, as well as agency and private sources. The project will convert a vacant YMCA building into 121 apartment units, including one studio, 72 one-bedroom units, 38 two-bedroom units and 10 three-bedroom units. The residences will be restricted to families earning between 30 and 80 percent of the area median income. The project will include the demolition of the existing boarding rooms, restroom facilities and common spaces, except for the historic areas, which will be restored according to historic requirements. Common amenities will include a basketball court and indoor play area in the former gym area, indoor …
PLANO, TEXAS — A partnership between the Texas State Affordable Housing Corp. (TSAHC), DMA Cos. and other stakeholders have opened The Park on 14th, a 62-unit affordable housing project located northeast of Dallas in Plano. Units are reserved for households earning 80 percent or less of the area median income. Amenities include community and media rooms, business and fitness centers and outdoor recreational space. A U.S. Department of Housing and Urban Development (HUD) loan and equity from TSAHC financed the bulk of the project.
