Affirmed Celebrates Opening of The Orchard at Hilltop Affordable Housing Community in San Diego’s Chollas View Neighborhood

SAN DIEGO, CA – Leading affordable housing developer Affirmed Housing announced the grand opening of The Orchard at Hilltop, a mixed-use, urban infill development located in San Diego s Chollas View neighborhood. Situated across multiple parcels on Hilltop Drive, The Orchard at Hilltop delivers apartment homes for lower-income residents, as well as approximately 6,500 square feet of commercial space. The opening marks the completion of the first of a multi-phase effort to redevelop the underutilized surrounding area.
A severe shortage of affordable housing continues to plague so many of our hard-working residents. The Orchard at Hilltop is a fantastic example of how to tackle our housing and homelessness crisis — demonstrating what s possible when we work with community-minded partners like Affirmed Housing, said San Diego Mayor Todd Gloria. Not only have they delivered a gorgeous complex that residents can be proud to call home; they have also revitalized an entire swath of land that paves way for new opportunities and new beginnings for many more San Diegans. This project raises the bar, and I look forward to seeing more thoughtful projects and approaches like this in the city s future.
The Orchard at Hilltop enriches the Chollas View community with 113 affordable apartment homes, a hospitality venue destined to become a local landmark, and a renewed stormwater channel that makes a natural wildlife habitat amidst the busy urban context. The development also paves the way for new, market-rate home construction across the arroyo, benefiting San Diego residents at all income levels.
The Orchard at Hilltop breathes new life and fresh opportunities into the neighborhood and demonstrates what s possible when multiple stakeholders come together to do on common goals, said Jimmy Silverwood, President of Affirmed Housing. By working together, we are able to add much-needed inventory to the region s housing market and deliver a gorgeous community that supports quality of life goals for its residents. Affirmed Housing is proud to work with fellow forward-looking partners to make a difference for hard-working families and individuals who deserve to live their best lives.
To activate the land, Affirmed Housing led the mapping charge, combining and cleaning up what were originally a dozen different parcels on nine acres and dividing them into three separate parcels to accommodate the affordable and market-rate developments and the renewed stormwater feature. The overall process involved negotiations with state and federal environmental agencies to uncover creative solutions for bringing housing and economic development opportunities to the community while also protecting the existing natural resources. Affirmed Housing also engaged with the community, applying member feedback to help ensure the design of The Orchard at Hilltop will serve as a valuable resource in the long term.
The Western Alliance Affordable Housing Investments group is very pleased to play a role in bringing essential affordable housing to the Chollas View neighborhood, said Philipp Smaczny, Senior Director of Affordable Housing Finance for Western Alliance Bank. Our team specializes in delivering tailored, flexible financing solutions for residential projects across the country. This exciting investment in San Diego exemplifies our commitment to our clients and communities.
The apartment homes, which range in size to accommodate single-member through large-family households, are spread over two four-tale buildings and one three-tale building. Each building includes its own laundry room and elevator. A separate, single-level building contains a community room with outdoor amenities, such as an adjacent swimming pool, recreational lawn, basketball half-court and a tot-lot. A mix of surface and tuck-under parking is available throughout the complex, including multiple EVCS parking spaces and secured bicycle parking in one of the residential buildings. Additionally, The Orchard at Hilltop residents have access to services that are customized to meet the needs of the multi-generational community.
Affirmed Housing s funding partners for The Orchard at Hilltop are Civic Communities, Boston Financial, Boston Capital Finance, Western Alliance Bank, the San Diego Housing Commission, the City of San Diego, the California Tax Credit Allocation Committee (CTCAC) and the California Debt Limit Allocation Committee (CDLAC). It was funded in part with HOME Investments Partnerships Grant funds provided to the City of San Diego by the U.S. Department of Housing and Urban Development (HUD) and administered by the San Diego Housing Commission. Project development partners include Studio E Architects, LandLAB, Kettler-Leweck, HA Builders and Project Design Consultants.

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Greystar Breaks Ground on 396-Unit Interport Apartment Community Near Tesla Gigafactory in Del Valle Neighborhood of Austin

AUSTIN, TX – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, has broken ground on Interport, a residential development that brings best in-class rental housing, within a mile of Tesla’s Gigafactory and Global Headquarters.
“We’re really excited to be able to bring Interport to the Del Valle neighborhood, an area of Austin that has an immense need for housing,” Alex Perkins, Director of Development, said. “The community itself will feature a large clubhouse with indoor-outdoor fitness and coworking spaces. Given the community’s proximity to Tesla’s Headquarters, sustainability and ample greenspace were major driving forces behind the design. This area is ripe for growth, and we are excited to help pave the path for other major developments to come.”
Interport, a garden style community, will have 396 apartment homes in studio, one-, two-, and three-bedroom floorplans that range from 609 to 1,548 sq. ft. Each one will feature high-end finishes with stainless steel appliances and other luxury touches.
The outdoor amenities headline the amenity offerings. The community will feature a large central park in the middle of the community that will include a dog park and beer garden, along with a luxury pool, outdoor kitchen and lounge space, a pickle ball court and fitness lawn, and a community garden. The clubhouse was designed in partnership with Meeks Partners and Michael Hsu Office of Architecture and will feature interior spaces such as an indoor-outdoor coworking study and library, two clubrooms, and a fitness facility programmed by Technogym. Additionally, the community will have EV chargers available.
The community expects to start preleasing in late 2023 with the first units delivering in early 2024.

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Security Properties and Enterprise Community Acquires Hickory Hollow Towers and Colony Square Apartments in Nashville Submarkets

NASHVILLE, TN – Security Properties and Enterprise Community Investment partnered to buy Hickory Hollow Towers and Colony Square Apartments. This acquisition marks the 10th and 11th joint venture between Security and Enterprise. Financing was provided by Fannie Mae through Berkadia.
Hickory Hollow is a 154-unit, senior affordable housing community located in Antioch, TN and Colony Square is an 80-unit, family affordable housing community located in Smyrna. TN. Both properties will benefit from significant renovations, including parking lot asphalt, roof repairs, energy efficiency upgrades, plumbing repairs, and community amenity improvements.
These transactions mark Security Properties’ first acquisition of affordable properties in the state of Tennessee. “We are excited about planting a flag in the Nashville MSA and investing in these communities for the future as we continue to grow our footprint in Tennessee,” said Chase Olson, Associate Investment Manager with Security Properties.
Sean Burrowes, Director, Affordable Housing added “Hickory Hollow Towers and Colony Square are vital assets that provide crucial affordable housing in a market that has seen a significant increase in rents and a decrease in market-rate affordability. Security Properties is committed to providing safe, high quality and service enriched housing at Hickory Hollow Towers and Colony Square and looks forward to ensuring that these properties remain affordable for future generations of seniors and families in the Greater Nashville area.”
Both properties will be managed by Security Properties-affiliate Security Properties Residential.

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