SAN DIEGO, CA – Affirmed Housing, a leading developer of affordable housing throughout California, announced the completion of The Helm, a new, mixed-income, affordable housing community for households earning 30 – 80 percent of the area median income (AMI). Located in the Cortez Hill neighborhood, The Helm delivers nearly 50,000 sq. ft. of sustainably minded, middle- and low-income workforce housing to Downtown San Diego.
Having an affordable place to call home isn t about just a roof over your head, it s the foundation of a thriving community, said San Diego Mayor Todd Gloria. The Helm is proof that we can build exceptional apartment communities that are affordable and integrate seamlessly in our neighborhoods. Partners like Affirmed Housing know what it takes to get projects like this done, and I look forward to even more in the future as we work together to address our housing crisis.
The seven-tale, GreenPoint Rated building features 77 affordable studio apartments for residents and one two-bedroom manager apartment, as well as community space and on-site amenities designed to foster resident interaction and engagement. The studios, which range from 283 to 489 sq. ft., house varying income levels: 32 are set for those earning 30 percent AMI, four set at 60 percent AMI, and the remaining 41 are for households at 80 percent AMI. The 30 percent AMI studios receive project-based vouchers issued by the San Diego Housing Commission. Supporting The Helm s emphasis on green living is a first-floor bicycle shop that opens to Beech Street, taking advantage of the protected cycle tracks running along the street and providing seamless access to several off-site amenities in the area. Situated just steps from Small Italy, The Helm is walking distance to retail, restaurants, grocery stores and access to public transportation.
The Helm helps San Diego fulfill its goals and deliver on commitments that prioritize its core values – fostering the health, economic prosperity and well-being of all citizens, said Affirmed Housing President Jimmy Silverwood. This development not only delivers much needed workforce housing, but it promotes inclusive living and supports a healthy economic ecosystem – and it also happens to be affordable. I m proud of what Affirmed Housing and our partners have accomplished with The Helm.
The Helm is Affirmed Housing s first development serving a majority of residents at 80 percent AMI and its first project to utilize Mixed Income Program funding from CalHFA. The company leveraged various types of funding and credit sources for the project s development, including federal and state equity funds, Mixed Income Program funds from CalHFA, funds from the San Diego Housing Commission, deferred developer fees, bonds issued by the City of San Diego, and conventional loans from U.S. Bank and California Community Reinvestment Corporation.
Affirmed Housing s development partners for The Helm include Carrier Johnson + CULTURE, HA Builder, Kettler Leweck Engineering, form/work Landscape Architecture, NOVA Services, Power Plus, MA Engineers, KPFF Engineers, Elen Consulting, Inc., US Bank, California Community Reinvestment Corporation, California Housing Finance Agency, San Diego Housing Commission, City of San Diego, the California Debt Allocation Committee and the California Tax Credit Allocation Committee.

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RALEIGH, NC – Wood Partners, a leading national multifamily real estate developer, announced the grand opening of its newest high-end residential community, Alta Vale, located in Raleigh, N.C. The property hosted a grand opening celebration for neighbors and residents.
Located at 4710 Mint Leaf Lane, Alta Vale sits just outside the Raleigh Beltline (I-440), with quick access to the Lake Boone medical office corridor, Umstead State Park, and the new Bandwidth headquarters. In addition, residents will benefit from being within minutes of an array of retail and dining options, and having direct, on-site access to Raleigh’s Greenway Trail system.
“Wood Partners is thrilled to announce the grand opening of Alta Vale, an exceptional community that we believe offers a rare combination of fantastic access to major employment hubs within Raleigh, while being surrounded by green space,” said Caitlin Shelby, Managing Director at Wood Partners. “Our motto at Alta Vale is ‘learn how natural city living can be.’ We reckon residents will delight in having a quick commute to work or school, while being able to retreat to nature when the day is done.”
Alta Vale offers 306 unique apartment homes consisting of custom-designed studio, one-, two- and three-bedroom floor plans. Each home features high-end fixtures and finishes, including kitchens complete with stainless steel appliances, white quartz countertops, spacious kitchen islands, modern cabinetry, and elegant white subway tile backsplash. Throughout the home, residents will delight in large walk-in closets, spacious balconies, in-unit washer and dryer sets, and USB outlets.
Across the community, Alta Vale offers a variety of amenities for its residents to delight in, such as outdoor lounges featuring a resort-style pool and firepits, comfortable seating areas, outdoor kitchen, hammock grove, and pet park and spa. Inside, residents can take advantage of the community’s spacious indoor/outdoor fitness center, co-working spaces, and game room.

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MYRTLE BEACH, SC – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the $64.4 million acquisition of Artisan Carolina Forest, a 276-unit multifamily community in Myrtle Beach, S.C. This transaction represents HGI’s second acquisition of a newly built multifamily property in one week following the acquisition of The Warner in Austin, Texas.
Located directly off Highway 31, Artisan Carolina Forest is central to Myrtle Beach’s ample recreation and leisure offerings, including miles of coastal beaches, resorts, golf courses and restaurants. The community is adjacent to the Marketplace at the Mill, a shopping center providing a variety of nearby retail options for residents, and is in proximity to several medical centers that serve as key employers to the area.
“With affordable rents relative to other high-growth coastal cities, Myrtle Beach is one of South Carolina’s most attractive multifamily markets,” said Yisroel Berg, Chief Investment Officer – Multifamily. “As a newly developed luxury community, we anticipate substantial opportunity to attain a strong renter base at Artisan Carolina Forest and achieve steady rent growth as the area continues to attract new residents.”
Developed in 2022, the community features a premier amenity package, including a resort-style pool with a TV lounge and cabanas, a dog park, electrical vehicle charging stations, a fitness and yoga center and coworking and conference rooms. Apartment interiors include luxury finishes, oversized kitchen islands, walk-in showers, modern backsplashes and dual vanities.

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