Linc Housing and American Family Housing Opens Fourth Project Homekey Community with New Affordable and Supportive Apartments

ANAHEIM, CA – Linc Housing, a nonprofit developer of affordable and supportive housing, joined its development partner and service provider American Family Housing, Azure residents, officials from the City of Anaheim and other development partners to celebrate the completed renovation of Azure, an 89-home supportive housing community in Anaheim.
“We are thrilled to see yet another 87 permanent supportive homes open their doors to Californians in need thanks to the Governor’s forward-thinking investment in Homekey,” said Gustavo Velasquez, director, California Department of Housing and Community Development. “Azure offers its residents access to the services needed to support long-term stability and through its proximity to transit connects them to a world of opportunity.”
Azure, named for the Azure butterfly – a symbol of transformation, rebirth and embracing change, is Linc’s fourth and final Project Homekey development in the region. Homekey is an innovative statewide effort to make permanent, affordable homes by transforming underused properties into permanent affordable and supportive housing.
“Azure delivers on the promise of what is possible in Anaheim,” said Anaheim Mayor Ashleigh Aitken. “This community offers the dignity of supportive housing with the empowerment of gorgeous surroundings. A place to call home that also inspires cannot be underestimated in its power to transform lives and spaces.”
The former 119-room Studio 6 Motel was first transformed into interim housing in 2022. The second phase of the development focused on renovating those rooms into 67 studios and 20 one-bedroom apartments. In addition to the new homes, Azure also features a community room, case management offices, a central courtyard, community garden and dog park.
“Project Homekey gave us a way to act with urgency, and the City of Anaheim made that urgency real,” said Suny Lay Chang, president and COO of Linc Housing. “Together, we converted a temporary solution into lasting housing that offers both stability and a path forward for the community’s most vulnerable residents.”
The new housing, located at 1251 N. Harbor Blvd. in Anaheim, was made possible through significant funding from the State of California’s Project Homekey program and the City of Anaheim, along with additional support from the Housing and Homelessness Incentive Program (HHIP) funded through CalOptima Health. Additional financing was provided by Capital One and Freddie Mac, with tax credit equity syndicated through Raymond James. Project-based rental help vouchers are provided by the Anaheim Housing Authority.
American Family Housing provides residents with wraparound services and case management to support them and ensure they thrive. Supportive services include mental and physical health services, employment counseling and job placement, education, substance use counseling, money management, help in obtaining and maintaining benefits, and referrals to community-based services and resources. Linc Housing’s resident services team provides additional community building activities and other programs and workshops focused on health and well-being, workforce development, financial capability, and digital equity.
The transition from interim to permanent housing started in February 2024 with designs by Y&M Architects and construction by Sun Country Builders. All homes, which are currently 100% occupied, are for households at or below 30% of the area median income.

Powered by WPeMatico

Tareen Development Partners Completes Acquisition of 286-Unit Afton View Apartment Community in Twin Cities Market of St. Paul

SAINT PAUL, MN – Tareen Development Partners (TDP) announced the successful acquisition of Afton View Apartments, a 286-unit housing community located in St. Paul, MN. This is TDP’s third affordable housing acquisition in the Twin Cities.
Originally built in 1971, Afton View Apartments has served as an vital housing resource for decades. The property includes 268 units supported by a HUD project-based Section 8 contract, providing stable housing for working families and residents across the community.
TDP plans to perform a substantial rehabilitation of the property utilizing 4% Low-Income Housing Tax Credits (LIHTC) and tax-exempt bond financing later in 2026. These renovations will extend the useful life of much-needed affordable housing and provide significant upgrades to in-unit, common-area, mechanical, and amenity areas.
“The preservation of affordable housing communities like Afton View Apartments is critically vital for the long-term stability of the Twin Cities housing market,” said Dr. Basir Tareen, founder and CEO of TDP. “This project represents a significant reinvestment into the property and reflects our commitment to providing residents with high-quality housing while maintaining long-term affordability.”
This acquisition could not have been possible without TDP’s development partners, Bridgewater Bank, Winthrop & Weinstine, the City of Saint Paul, and Stewart Title Company.
Tareen Development Partners is a mission-driven real estate development firm based in the Twin Cities. The company has built a reputation by specializing in complex, community-centered initiatives, with a focus on market-rate and affordable housing, healthcare facilities, and mixed-use developments. With an experienced team, the firm manages all stages of development, from land acquisition to asset management.

Powered by WPeMatico

Wood Partners Breaks Ground on 252-Unit Alta Longmont Apartment Community in Growing Boulder Submarket of Longmont, Colorado

BOULDER, CO – National multifamily developer Wood Partners and Germany-based capital partner EIG EuroInvestor broke ground on Alta Longmont in Longmont, a suburb outside of Boulder. The 252-unit project is slated to open in spring 2028.
Located above St. Vrain Creek, Alta Longmont offers clear views of the Flatirons and sits just steps from the adjacent greenway, with opportunities for biking, fishing and walking along the creek corridor. Downtown Longmont is also a small bike ride away, providing convenient access to local amenities while maintaining a more private, residential setting.
“Our goal is to deliver projects that not only serve residents, but also add to the character and long-term momentum of the surrounding area,” said Walter Armer, managing director at Wood Partners. “Alta Longmont gives residents a place where they can stay connected to the outdoors while still being close to Main Street, the heart of the city.”
The seven-building, three-tale community features a mix of one-, two- and three-bedroom apartment layouts. Amenities include a resort-style pool and courtyard with mountain views, an outdoor kitchen and grill area, a fitness center, a resident clubhouse, a business center with private conference rooms and a dedicated dog walking area.
“We’re proud to continue our long-standing partnership with Wood Partners to bring much-needed housing to Boulder County,” said Kilian Kagel, managing partner at EIG. “It’s rewarding to be part of a project that contributes to the continued growth of this fantastic community.”
Project partners include Design Balance as the lead architect and Civil Resources as the civil engineer. Additionally, Wood Partners is working with the City on infrastructure improvements in the area, including expanding and repaving Rogers Road, adding sidewalks, underground utility lines and upgrading the sanitary connection.
Last year, Wood Partners broke ground on both Alta Metro Center, a 365-unit project in Aurora, the largest suburb of Denver and the state’s third-largest city, and The Foxley by Alta in Superior, Colorado, a 251-unit community located on one of the last remaining parcels of the Downtown Superior Masterplan.

Powered by WPeMatico