Groundbreaking Mixed-Income Development: A Partnership Driven Success in Havre de Grace

Maryland-based affordable housing developer, Green Street Housing, has initiated its latest mixed-income construction project, Village at Blenheim Run. Located in Havre de Grace, Maryland, the development will blend affordable and commercial housing, aiming to stimulate the local community both economically and socially. The groundbreaking venture has been funded by a range of sources including Hudson Housing Capital, Bank of America, Freddie Mac, PNC, and a grant from the Federal Home Loan Bank of Atlanta. The enduring mission for Green Street Housing and co-developers TM Associates Development, Inc. aims to create sustainable community assets and inspire further housing projects nationwide.

Venterra Realty Acquires Avasa Hammock Landing to Strengthen Portfolio and Elevate Living Standards in Multi-Family Sector

Venterra Realty has acquired Avasa Hammock Landing, expanding its portfolio with a strategic acquisition that supports business growth and regional development. Situated along the I-95 corridor in West Melbourne, Florida, the property is conveniently located near key employers in the aerospace and defense industries. The community of 300 modern units offers appealing features like quartz countertops and spacious closets, plus amenities like a saltwater swimming pool, fitness center, and dog wash station. Venterra Realty plans to build on the property’s already rich offerings, enhancing the living standards for its residents.

Silver Spring Charts Promising Course: Green Street Housing and TM Associates Development Initiate Groundbreaking Affordable Housing Project

Green Street Housing and TM Associates Development have begun construction on an entirely affordable housing development in Silver Spring, Maryland. The Sligo Apartments project is financed by a Low-Income Housing Tax Credit investment from Hudson Housing Capital and Capital One, along with loans from the Maryland Department of Housing and Community Development. The development aims to provide quality, affordable homes to qualifying tenants, while also offering market rate units and commercial rental spaces.

Toll Brothers Announce Lumara: A New Standard for Luxury Multifamily Living in Phoenix, Arizona

Phoenix, Arizona is set to gain a luxury residential development called Lumara, financed by an $86 million construction loan. The project, a partnership between Toll Brothers and Willton Investment Management, will deliver a four-story, 456-unit multifamily community with features such as EV charging stations, a heated resort-style pool, a rooftop terrace, and a virtual sports simulator. Lumara's location in North Phoenix, close to major employment corridors like the Taiwan Semiconductor Manufacturing Company's future plant, signifies Toll Brothers’ commitment to community-centered living and sustainability.

Community Preservation Partners Announces Major Renovation of Cambridge Square Apartments in Monroeville, Advancing their Mission in Affordable Housing Preservation

Community Preservation Partners (CPP) has announced a major renovation for Cambridge Square Apartments in Monroeville, Pennsylvania. The project demonstrates CPP's focus on affordable housing preservation and accentuates its expanding operations in Pennsylvania. The project includes comprehensive renovations for the 204-unit community, with an investment of roughly $92,289 per unit. CPP's plans extend beyond individual units to communal amenities, building reconstruction, and creation of a new community building. In collaboration with the Pennsylvania Housing Finance Agency and Key Bank, CPP plans to complete renovations by December 2024.

Thompson Thrift Set to Redefine Atlanta’s Multifamily Landscape with Opulent Pullman Community Development

National real estate developer Thompson Thrift is set to develop a 276-unit, upscale apartment complex called The Pullman. The community is situated in Union City in Atlanta's wealthy Fulton County, a demographic hotspot with an average household income over $100,000. The project is expected to start this December, with first residents to move in by spring 2025. The Pullman will offer one-, two-, and three-bedroom garden-style apartments equipped with top-tier furnishings and smart home technology. Conveniently located near key employers and vital services, The Pullman aims to redefine residential living in Atlanta's rapidly expanding south.

Innovative Housing Solutions: LAC Breaks Ground on Affordable Senior Living in Rochelle, Illinois

Lincoln Avenue Communities (LAC) has begun construction on the Willis Senior Lofts in Rochelle, Illinois. This affordable housing project includes 60 units for low-income seniors, 45 of which are designated for households earning below 60% of the area's median income, and 15 for those earning below 30% of the average median income. The development, set for completion in 2025, will also be Enterprise Green and Net Zero-certified, featuring amenities such as a fitness center and community garden. The project has been backed by sources including Low-Income Housing Tax Credits and a mortgage from the Illinois Housing Development Authority.

Tredway Leaps into North Carolina Market with Noteworthy Acquisition of 630 Affordable Housing Units

Tredway, a leading real estate developer, has moved into North Carolina's housing market by purchasing 630 affordable apartments. The acquisition is Tredway's first venture into the state, and extends across bustling areas such as the Raleigh-Durham Research Triangle, Charlotte MSA, and the NC coast. Partnerships with the Affordable Housing Institute and The Federation Companies aim to counter the state's affordable housing crisis by maintaining affordability and making necessary repairs. The action seeks to challenge market pressures that often push low-cost housing into the pricier sector.