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Resources list
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As Austin rents rise, housing authority tries ‘radical’ solution
A new $70 million investment to turn a 452-unit Southeast Austin apartment complex into affordable housing is the latest effort by Austin’s housing authority to expand its real estate footprint,…
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CDT Forms JV to Buy 452-Unit Asset for $70M
The Bridge at Asher Apartments acquisition is the company’s fourth investment with the Housing Authority of the City of Austin and its nonprofit affiliate, the Austin Affordable Housing Corp. The…
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$37 million deal preserves affordable housing in the Valley
New York, NY – Two Tulare County apartment complexes were part of a $37 million deal to preserve affordable housing in the Central Valley. On June 7, Community Development Trust…
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Monadnock, others to lead $500M renovation of Manhattan NYCHA properties
The city’s public housing agency has selected a group of real estate firms to execute a $500 million renovation of 16 Manhattan buildings. The effort, which the New York City…
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Outside the Region: Community Development Trust/Southport Financial Services JV acquire LIHTC properties: 484 units
Lemoore, CA The Community Development Trust (CDT) has entered into a new $37 million joint venture with Southport Financial Services Inc. to purchase and improve five apartment complexes in California’s Central…
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CDT Two-Year Capital Strategy Generates $118.5M to Create and Preserve Affordable Housing Communities
NEW YORK, NY – The Community Development Trust (“CDT”), which provides long-term debt and equity capital for the creation and preservation of affordable housing, today announced its completion of a…
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Affordable Housing: Is Austin Becoming the Next Palo Alto?
Affordable Central Texas’ David Steinwedell and Carleton Residential Properties’ Printice Gary share their views on Austin’s looming affordability crisis in the workforce housing sector. One of the nation’s fastest-growing metros,…
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Social Purpose REITs Tackle Affordable Housing Challenges
In 2018, Housing Partnership Equity Trust (HPET) bought a 1980s-era apartment building in the San Francisco Bay area. The acquisition of Quail Run in suburban San Leandro, about 10 miles south of…
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CDT 2018 Annual Report
The CDT 2018 Annual Report email newsletter is now available can be viewed online here. If you would like to receive future annual report emails along with other CDT News,…
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Albuquerque’s support for affordable housing is a national inspiration
By Brian Dowling Like many cities across the U.S., Albuquerque faces challenges in protecting and preserving its supply of affordable housing for working families and senior citizens in the midst…