Affordable Housing

FRP Development, Woodfield Begin Vertical Construction on Woven Mixed-Use Project in Greenville

by John Nelson January 15, 2026

GREENVILLE, S.C. — FRP Development Corp. and Woodfield Development have begun vertical construction at Woven, a mixed-use development underway at 1279 Pendleton St. in Greenville’s Village of West Greenville neighborhood. Slated for completion in fourth-quarter 2027, Woven will feature 214 one-, two- and three-bedroom apartments, including some workforce housing units. The project will also include 13,000 square feet of commercial space, public parking and more than 40,000 square feet of public open space, including a pocket park. The developers received $42.9 million in construction financing from Bank of Texas for the project. The design-build team includes general contractor CF Evans, architect Housing Studio and interior designer Shelton Taylor + Associates.

January 15, 2026

Affordable Housing Development Multifamily New Mexico Western

Dominium Breaks Ground on 312-Unit Turquoise Trail Affordable Housing Community in Santa Fe

by Amy Works January 14, 2026

SANTA FE, N.M. — Dominium has broken ground on Turquoise Trail, a 312-unit affordable housing community in Santa Fe. The low-income housing tax credit property will be constructed by Weis Builders and will be comprised of 13 three-story buildings containing 120 two-bedroom, 132 three-bedroom and 60 four-bedroom homes, 300 of which will be reserved for households earning no more than 60 percent of the area median income (AMI). The remaining 12 units will be set aside for families earning up to 50 percent of AMI. Amenities will include a clubhouse, fitness center, playground and grilling and lounge areas. Additional development partners include Freddie Mac, PNC Bank, Deutsche Bank, Colliers Securities, Housing New Mexico, New Mexico Mortgage Finance Authority and Santa Fe County. A completion date was not disclosed.

January 14, 2026

Affordable Housing California Development Multifamily Western

Meta Housing, R.D. Olson Break Ground on 207-Unit Affordable Housing Complex in Los Angeles

by Amy Works January 13, 2026

LOS ANGELES — Meta Housing Corp. and R.D. Olson Construction, as general contractor, have broken ground on De Soto, a $62 million affordable housing property located at 6033 De Soto Ave. in the Woodland Hills neighborhood of Los Angeles. De Soto is a ground-up construction project that will feature a seven-story building constructed in one phase over the span of 24 months. Slated for completion in early 2028, the 271,568-square-foot property will feature 207 one-, two- and three-bedroom apartments across five stories of residential space above a double concrete podium holding two levels of parking. The apartments will be designated for families and residents earning between 30 percent to 70 percent of the area median income. Community amenities will include a community room with computer workstations, outdoor gathering spaces, a children’s play area and elevated courtyards designed to foster community connection. De Soto will be funded through California Municipal Finance Authority Multifamily Housing Revenue Bonds along with federal low-income housing tax credits. Project partners include AC Martin as executive and design architect, Mark Beall and Associates as landscape architect, KE Engineering Corp. as civil engineer, TAD Engineering as mechanical engineer and EB Structural Engineers as structural engineer.

January 13, 2026

Affordable Housing Development Loans Multifamily New York Northeast Walker & Dunlop

Walker & Dunlop Arranges $19.1M in Financing for Bronx Affordable Housing Project

by Taylor Williams January 9, 2026

NEW YORK CITY — Walker & Dunlop has arranged $19.1 million in financing for Melrose Concourse, a proposed 72-unit affordable housing project in The Bronx. The financing comprises a $6.3 million permanent loan commitment from Freddie Mac and a $12.8 million equity investment. Melrose Concourse will consist of a four-story building with eight units, a nine-story building with 34 apartments and a 10-story building with 30 residences. All units will be reserved for renters earning between 30 and 70 percent of the area median income, and 23 units will be set aside for seniors. John Gilmore and Ethan Waite of Walker & Dunlop led the debt financing process, and the firm’s Diego Benites and Ricky Figueroa led the equity placement efforts. The developer is a joint venture between Settlement Housing Fund and the Beechwood Organization.

January 9, 2026

Affordable Housing Development Georgia Multifamily Southeast

McShane Construction Completes 212-Unit Mixed-Income Apartment Community in Atlanta

by Abby Cox January 9, 2026

ATLANTA — McShane Construction Co. has completed Ashley Scholars Landing II, a mixed-income apartment complex located in Atlanta. Designed by JHP Architecture, the three- and four-story complex is situated within the larger master-planned community of Ashley Scholars Landing. The Integral Group was the developer. Ashley Scholars Landing II offers 212 affordable housing and market-rate apartments, as well as a swimming pool with cabanas, a clubroom, fitness center, activity space, micro-offices and a walking park, as well as 254 parking spaces. The property is located near the Atlanta University Center Consortium (AUC), a consortium of four historically black colleges and universities (HBCUs) including Morehouse College and Spelman College.

January 9, 2026

Affordable Housing Development District of Columbia Loans Multifamily Office Southeast Top Stories

Nuveen Green Capital Provides $465M C-PACE Financing for Office-to-Residential Conversion Project in D.C.

by Kristin Harlow January 7, 2026

WASHINGTON, D.C. — Nuveen Green Capital (NGC) has provided $465 million in C-PACE financing for The Geneva, an office-to-residential conversion project in Washington, D.C. The transaction represents the largest Commercial Property Assessed Clean Energy (C-PACE) financing in history as well as D.C.’s largest office-to-residential conversion to date, according to NGC. The borrower, Philadelphia-based developer Post Brothers, also received a $110 million senior loan from investment firm Mavik, bringing total financing to $575 million. The project’s overall price tag is $750 million, according to The Wall Street Journal. Located at 1825-1875 Connecticut Ave. NW, the 604,000-square-foot office property is comprised of two nine-story towers at the confluence of D.C.’s upscale Kalorama, Dupont Circle and Adams Morgan neighborhoods. The property will be converted into a 15-story luxury apartment building with 429 market-rate units, 42 extended-stay rentals, 61 affordable housing units and 57,000 square feet of commercial space. A timeline for construction was not provided. The $465 million in C-PACE financing was administered through DC Green Bank, which serves as the administrator of the DC PACE program on behalf of the District of Columbia. The DC PACE program is a special financing option for renewable energy projects such as solar, energy efficiency upgrades …

January 7, 2026

Affordable Housing Development Loans Multifamily New York Northeast Top Stories

Partnership Receives $255.6M in Construction Financing for Bronx Affordable Housing Project

by Taylor Williams January 5, 2026

NEW YORK CITY — A partnership between affordable housing developer Type A Projects and local nonprofit organization BronxWorks has received $255.6 million in construction financing for River Commons, a 328-unit project that will be located in the Concourse area of The Bronx. Construction is expected to begin within the coming weeks. The package includes $91.3 million in both tax-exempt ($64.3 million) and taxable ($27 million) bond financing from the New York City Housing Development Corp. In addition, the New York City Department of Housing Preservation and Development (HPD) is providing more than $100 million in capital through its New Construction Finance program. Capital One also provided a letter of credit on the deal. Additional financing for the project stems from Low-Income Housing Tax Credits that were syndicated by Hudson Housing Capital. Situated on the former site of a former hospital parking lot, River Commons will be a 17-story building that will house 328 affordable and supportive housing units, a 43,000-square-foot public healthcare center that will be operated by New York City Health + Hospitals (H+H) and 6,000 square feet of flexible community space that will be occupied by African Communities Together. The development will also feature a 7,000-square-foot public green …

January 5, 2026

Acquisitions Affordable Housing Midwest Minnesota Multifamily

JLL Arranges Sale of 50-Unit Affordable Townhome Community in Northfield, Minnesota

by Kristin Harlow December 23, 2025

NORTHFIELD, MINN. — JLL Capital Markets has arranged the sale and financing for Jefferson Square, a 50-unit HAP townhome community in Northfield, about 45 miles south of Minneapolis. The property sits on 5.2 acres and includes nine residential buildings, three parking structures and one administrative building. Amenities include private garages, a community lounge, picnic space, tot lot and media space. Josh Talberg and Joseph Peris of JLL represented the seller, Dominium Management, and procured the buyer, an investment firm specializing in affordable and workforce housing. The buyer plans to invest capital to refresh the units and common areas in addition to extending the existing affordability restrictions. C.W. Early of JLL led the debt advisory team.

December 23, 2025

Affordable Housing California Loans Multifamily Western

MidPen Housing Secures $132.8M in Grants for Three Central California Affordable Housing Developments

by Amy Works December 22, 2025

SAN JOSE, ALAMEDA AND WATSONVILLE, CALIF. — The California Strategic Growth Council has awarded funding to existing MidPen Housing developments in San Jose, Alameda and Watsonville that include a total of 362 affordable units. Valley Transportation Authority (VTA) Capitol Station in San Jose was awarded $49.3 million. Located next to the Capitol Light rail station, this transit-oriented development will include 203 affordable rental homes, including 51 permanent supportive housing apartments for formerly homeless individuals. The project will replace an underutilized VTA parking lot with an all-electric residential building and a new transit plaza, complemented by multimodal improvements such as 2.3 miles of bike paths, upgraded walkways and new bus shelters. The project is slated for completion in 2029. The Stardust Gardens project in Alameda was awarded $44.5 million. This project includes 80 units that will be developed on public land and will include units for households that have experienced homelessness. Transportation enhancements include electric ferry charging infrastructure to enable zero-emission ferry service, bike and pedestrian safety improvements, traffic calming and new bikeways. A completion date was not available. Lastly, the state awarded $39 million to Watsonville Metro in Watsonville. This project involves redeveloping a downtown transit center into 79 affordable …

December 22, 2025

Affordable Housing Development Georgia Seniors Housing Southeast

Lockwood Cos. Breaks Ground on 40-Unit Affordable Seniors Housing Community in Albany, Georgia

by Abby Cox December 22, 2025

ALBANY, GA. — Lockwood Cos. has broken ground on Dogwood Trail Apartments II, a 40-unit affordable seniors housing community located in the South Georgia city of Albany. Construction of Dogwood Trail Apartments II is estimated to take 14 months to complete, with a scheduled opening in winter 2027. Upon completion, the senior living community will provide housing for residents age 55 and older who earn 30, 50, 60 and 70 percent of the area median income (AMI). In partnership with the Albany Housing Authority, eight units will also be set aside for residents with project-based Housing Choice Vouchers. Dogwood Trail Apartments II will offer 20 one-bedroom and 20 two-bedroom apartments with elevators. The energy-efficient project will meet National Green Building Standards and will be furnished with dishwashers and washer/dryer connections. Additionally, all units will be pre-wired for cable and high-speed internet access.

December 22, 2025

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