Affordable Housing

NRP Group, MHCDO Break Ground on 109-Unit Mixed-Income Community in D.C.

by John Nelson April 15, 2026

WASHINGTON, D.C. — The NRP Group and housing nonprofit Marshall Heights Community Development Organization (MHCDO) have broken ground on The Waymark, a 109-unit mixed-income housing community located at 4435 Benning Road NE in Washington, D.C. Situated in the city’s Ward 7 near the Benning Road Metro station, the nine-story property will feature studio, one-, two- and three-bedroom units reserved for families and individuals earning up to 30, 50 and 80 percent of the area median income (AMI), with 22 units reserved as permanent housing for individuals at risk of homelessness. Future residents will be one Metro stop away from RFK Stadium, the future home of the Washington Commanders NFL team. Amenities at The Waymark will feature a multi-use space on the first floor, a fitness center and onsite resident programs, including financial literacy workshops and job readiness training. Financial partners include DC Department of Housing and Community Development (DHCD), which provided debt; the DC Housing Finance Agency (DCHFA), serving as the bond issuer; and DC Green Bank, supporting sustainable development initiatives. Private sector partners include KeyBank Real Estate Capital as the lender and U.S. Bank as the tax credit investor. NRP Group and MHCDO plan to deliver the community by the …

April 15, 2026

Acquisitions Affordable Housing Multifamily Texas

Tredway Acquires Texas Affordable Housing Portfolio for $65.5M

by Taylor Williams April 13, 2026

NEW YORK CITY — Tredway, a multifamily owner-operator based in New York City, has acquired a portfolio of 16 affordable housing and mixed-income residential properties totaling approximately 1,200 units in Texas. The sales price was $65.5 million. The majority of the properties are located in South Texas or West Texas cities such as Alamo, Amarillo, Brownsville, El Paso, Lubbock, Odessa, San Juan, Santa Rosa and Victoria. Other markets represented within the portfolio include Fort Worth and the Central Texas cities of Copperas Cove and Lampasas. Tredway plans to invest more than $10 million in capital improvements across the portfolio to preserve affordability and is partnering with Housing Services Inc., a nonprofit organization that will provide social services across the portfolio. The seller was not disclosed. Berkadia originated an undisclosed amount of Fannie Mae acquisition financing for the deal.

April 13, 2026

Affordable Housing Development Florida Loans Southeast

McDowell Housing Breaks Ground on $41.9M Affordable Housing Project in Pensacola, Florida

by Abby Cox April 10, 2026

PENSACOLA, FLA. — McDowell Housing Partners has broken ground on Ekos at Warrington, a 120-unit affordable housing community located in Pensacola near the Naval Air Station (NAS). The community will serve a mix of income levels, with 10 percent of units reserved for extremely low-income (ELI) households at 40 percent of the area median income (AMI), and the remaining 90 percent of units serving households at or below 60 percent AMI. Also, 50 percent of the total units will be set aside for active-duty military members, veterans and their families, including half of the ELI units that will be reserved for veterans experiencing homelessness. Ekos at Warrington is expected to be completed in the third quarter of 2027. Located at 280 Dogwood Drive, Ekos at Warrington will span four, three-story buildings, along with a standalone clubhouse. The project will provide 72 one-bedroom, 36 two-bedroom and 12 three-bedroom units ranging in size from 631 to 1,197 square feet. Amenities will include onsite management and maintenance offices, a ﬁtness center, community room with a kitchenette and game tables, media/business center with a computer lab, as well as a swimming pool, playground, dog park, barbecue area and a gazebo. The project will meet National Green …

April 10, 2026

Affordable Housing Development Multifamily Texas

Palladium Nears Completion of $33M Mixed-Income Housing Project in Metro Houston

by Taylor Williams April 9, 2026

KATY, TEXAS — Palladium USA is nearing completion of a $33 million mixed-income housing project in the western Houston suburb of Katy. Palladium Park Row Katy Living will feature 93 units in one-, two- and three-bedroom formats, with the affordable units reserved for households earning between 30 and 80 percent of the area median income. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubhouse with a mini kitchen. Palladium developed the property in a public-private partnership with the Harris County Housing Finance Corp. HEDK Architects designed the community, and Brownstone Group was the general contractor.

April 9, 2026

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Affordable Housing Development Loans Massachusetts Multifamily Northeast

Partnership Receives $172M in Financing for Mixed-Income Housing Redevelopment in Metro Boston

by Taylor Williams April 7, 2026

CHARLESTOWN, MASS. — A partnership between Leggat McCall Properties, Joseph J. Corcoran Co. and the Boston Housing Authority has received $172 million in financing for a mixed-income housing redevelopment in Charlestown, located north of Boston. The financing consists of a $122 million construction loan from Los Angeles-based Cottonwood Group and a $50 million equity investment from the City of Boston’s Housing Accelerator Fund. The partnership will use the proceeds to fund the redevelopment of the 266-unit Building F of the Bunker Hill Housing Redevelopment, which rises nine stories and comprises 208 market-rate units and 58 affordable housing units. The project is part of a larger initiative that aims to redevelop the entire Bunker Hill public housing community over the next decade, creating a total of 2,699 units of housing through both repositioning of existing affordable housing units and the addition of market-rate homes.

April 7, 2026

Affordable Housing Development Massachusetts Multifamily Northeast

MassDevelopment Provides $38M in Bond Financing for Worcester Affordable Housing Project

by Taylor Williams April 6, 2026

WORCESTER, MASS. — MassDevelopment has provided $38 million in tax-exempt bond financing for an affordable housing project in Worcester. The project is a redevelopment of Lakeside Apartments, a two-building complex that was constructed in 1949. The developer, a partnership between an affiliate of Tremont Development Partners and E3 Development, plans to construct two new buildings with a total of 116 units, 61 of which will replace outdated residences. Of the 116 units, 29 will be rented to households earning 60 percent or less of the area median income (AMI), and the other 87 will be reserved for households at 30 percent or less of AMI. Construction is underway and is expected to be complete in August 2027. Eastern Bank purchased the bond, with participation from Webster Bank. The Worcester Housing Authority is also a partner on the project.

April 6, 2026

Affordable Housing Development Illinois Midwest Multifamily

Habitat Begins Leasing for Second Residential Phase at $200M Ogden Commons in Chicago

by Kristin Harlow April 1, 2026

CHICAGO — Habitat has begun leasing for The Junction at OC Living in Chicago’s North Lawndale neighborhood. The project is the second of three residential phases within the $200 million Ogden Commons mixed-income community developed by Habitat in partnership with Sinai Chicago. The four-story building represents a $38 million investment and delivers 75 units, with 76 percent of the residences reserved as affordable housing, including 30 units that are designated Chicago Housing Authority (CHA) units. The remaining residences are market rate. Amenities include a lounge, fitness center, onsite laundry facilities, management and social services offices, a package and mail room, bike storage and accessory parking. The first residential building at Ogden Commons, The Boulevard at OC Living, was completed in 2024 and fully leased in 2025. A 45,000-square-foot, three-story commercial building was completed in 2021. The commercial component is home to Sinai Chicago’s One Lawndale Community Care and Surgery Center, a Wintrust Bank branch and La Catedral Café & Restaurant. The third residential phase, The Parkline at OC Living, will include townhome and multi-flat units with larger floor plans designed for families. Upon full build-out, Ogden Commons will encompass more than 350 mixed-income units. Funding for Ogden Commons comes from …

April 1, 2026

Acquisitions Affordable Housing Company News Florida Multifamily North Carolina Southeast Top Stories

Sun Life to Acquire Bell Partners, Combine With BGO Following Buy-Out of Remaining Equity Stake

by John Nelson March 31, 2026

TORONTO, MIAMI AND GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based financial services organization with $1.6 trillion in assets under management as of year-end 2025, has announced it will acquire Bell Partners, a multifamily investment and management firm based in Greensboro. The acquisition was valued at $350 million and is expected to grow Sun Life’s U.S. multifamily segment. Founded in 1976, Bell Partners has approximately $10 billion of assets under management as of March 1 and manages approximately 70,000 apartments in 12 regions across the United States. The firm operates nine U.S. offices and has close to 1,800 employees. Last year, Bell Partners closed more than $1.3 billion in multifamily acquisitions. “This opportunity will extend Bell’s operating and investment expertise across a larger residential platform and strengthen our depth and reach,” says Lili Dunn, CEO and president of Bell Partners. “It is a natural step in our evolution, preserving the essence of what has made us successful, while also opening new opportunities for the future.” In a separate transaction, Sun Life acquired the remaining 44 percent equity stake of Miami-based BGO, a global real estate investment management firm formerly known as BentallGreenOak, in a deal valued at …

March 31, 2026

Affordable Housing Development Loans Multifamily Washington Western

JLL Arranges $88M Construction Loan for Multifamily Project in Shoreline, Washington

by Amy Works March 30, 2026

SHORELINE, WASH. — Evergreen Point Group has received $88 million in construction financing for Leeway, an apartment project in Shoreline. Steve Petrie, Seth Heikkila, Tom Wilson and Jake Davidson of JLL Capital Markets secured the loans through a regional bank on behalf of the borrower. Located at 142 N.E. 147th St., the seven-story property will feature 360 apartments and 3,371 square feet of ground-floor retail space. Community amenities will include a fitness center, rooftop lounge and deck, coworking spaces, a pet spa and secure parking spanning two stories of subterranean parking with 224 spaces and 49 electric vehicle charging stations. Designed as a transit-oriented development, Leeway will be connected to the Shoreline South Light Rail Station via a pedestrian bridge, being built by the city of Shoreline, across Interstate 5. Additionally, the property will participate in Shoreline’s 12-year Multifamily Tax Exemption program, with 20 percent of units restricted to affordable housing at 70 percent to 80 percent of area median income limits. The program includes a 12-year extension option.

March 30, 2026

Affordable Housing District of Columbia Loans Southeast

DCHFA Provides Financing for 178-Unit Affordable Housing Redevelopment in D.C.

by Abby Cox March 27, 2026

WASHINGTON, D.C. — The District of Columbia Housing Finance Agency (DCHFA) has provided financing to rehabilitate Henson Ridge II, a 178-unit affordable housing community located in the Douglass neighborhood of Ward 8 in Washington, D.C. DCHFA issued $40 million in tax exempt bonds, along with $37.5 million in federal Low Income Housing Tax Credit (LIHTC) equity and $9.3 million in District of Columbia LIHTC equity. Urban Atlantic Development LLC and Capitol Housing Partners LLC (a subsidiary of the DCHA) are the developers planning to rehabilitate Henson Ridge II. The proposed $103 million rehabilitation is made up of 64 LIHTC units and 114 project-based voucher (PBV) units. The scope of work for the rehabilitation includes replacement of roofs, windows, doors, kitchens and bathrooms, as well as improvements to modernize the HVAC/mechanical systems. The mix of units consists of 52 one-bedroom, 28 two-bedroom, 50 three-bedroom, 38 four-bedroom and 10 five-bedroom units. All units will be reserved for residents earning 30 and 60 percent or less of the area median income (AMI). The 30 percent AMI units will benefit from PBV operating subsidies.

March 27, 2026

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