MARICOPA, AZ – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on The Ranches at Gunsmoke Apartments, a ground-up development that will provide 271 units for individuals and families in Maricopa earning up to 60% of the Area Median Income.
“We are excited to break ground on LAC’s first Build-to-Rent development and to partner with WNC & Associates to bring high-quality affordable housing to Arizonans,” said Ben Taylor, LAC vice president and project partner. “The Ranches at Gunsmoke will provide sorely needed units in one of the nation’s fastest-growing metro areas.”
The Ranches at Gunsmoke is LAC’s first Build-to-Rent (BTR) development and will consist of two- and three-bedroom duplexes and standalone homes, with each unit featuring a patio, walk-in closets, and private fenced backyards. Communal amenities will include a fitness center, pool, grilling areas, a clubhouse, and rental storage units. Additionally, a solar carport system will be installed to offset approximately 50% of the community’s electricity usage. Construction is expected to be completed in 2026.
“We’re excited to see this new community taking shape thanks to Lincoln Avenue Communities,” said Maricopa Mayor Nancy Smith. “This new development addresses the needs of those who work in the city of Maricopa, whether they’re hourly workers, teachers, new police officers, or even our retired senior citizens who want to be a part of a community in which they don’t have to take care of the property itself.”
The development’s financing includes back-to-back construction and permanent loans from Citibank, $65 million in tax-exempt bonds issued by the Arizona Development Authority, and $49 million in Low-Income Housing Tax Credits (LIHTC) and solar equity from WNC.

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LOVELAND, CO – Livmark Communities, in partnership with Hillside Commercial Group, announced the next phase of The Bend at Highland Meadows, a thoughtfully designed build-for-rent (BTR) community designed to elevate the standard of modern living in Loveland. This highly anticipated development will introduce 45 additional stacked ranch and townhome units, further expanding this vibrant community.
The stacked ranch units will include 2-and-3-bed floorplans and 1-car attached garages. The townhome units will include 2-and-3-bed floorplans with 2-car attached garages. Many units will feature private fenced yards, alongside many thoughtfully-plotted open spaces—perfect for pets and outdoor activities. Crafted for those who appreciate quality, innovative design, and a refined lifestyle, The Bend at Highland Meadows offers a seamless blend of luxury, comfort, and convenience.
This next phase is expected to have first go-ins in early 2026 and be fully completed by Fall 2026, bringing an elevated living experience to Northern Colorado. Greystar, a global leader in property management, will oversee operations to ensure residents delight in a best-in-class living environment.
Strategically located between Highland Meadows Golf Course and I-25, The Bend at Highland Meadows provides unparalleled accessibility. With effortless access to major highways, residents can delight in seamless commutes, a variety of dining and shopping destinations, Blue Arena events, outdoor recreation, and top-rated schools—all just minutes away.
Designed for an elevated lifestyle, The Bend at Highland Meadows offers a wide range of resort-style amenities that promote wellness, relaxation, and community connection, including: Hot tub & pool for ultimate relaxation; State-of-the-art fitness center; Indoor and outdoor entertainment kitchens for social gatherings; Site-wide gigabit-speed Wi-Fi; Nearby parks and trails for outdoor enthusiasts; Sauna to promote wellness; Clubroom with controlled access for added security and comfort; Billiards table for entertainment; Pet wash station for four-legged residents.
Livmark Communities is a trusted developer with decades of experience, known for its unique approach to multifamily development. By bringing its deep expertise in attached homebuilding to the for-rent space, Livmark Communities makes exceptionally designed communities that prioritize space, functionality, and modern living. Each residence is thoughtfully crafted to maximize livability, offering a one-of-a-kind rental experience that blends the comfort of a home with the flexibility of leasing.

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BALTIMORE, MD – The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, partnered with The Henson Development Company (Henson), the City of Baltimore, the Maryland Department of Housing and Community Development (DHCD), and Park Heights Renaissance Community Development Corporation (CDC) to celebrate the ribbon-cutting of The Terraces at Park Heights, a $52 million development delivering 100 affordable one- and two-bedroom homes for seniors in Northwest Baltimore.
This milestone marks the first phase of a sweeping transformation of the 17.3-acre Park Heights Master Redevelopment Area (MRA), designed to revitalize a historically under-invested community into a vibrant, mixed-income, multi-generational neighborhood. The master redevelopment plot includes NHPF and Henson’s 90-unit single-family home community, affordable multifamily building and new green spaces. This is expected to further support the neighborhood revitalization efforts which include the new Enoch Pratt Free Library as well as an overhaul of Pimlico Racecourse.
Distinguished guests at the ceremony included Maryland Governor Wes Moore and First Lady of Maryland Dawn Moore, Baltimore Mayor Brandon M. Scott, and First Lady of Baltimore City Hana Scott, Councilwoman Sharon Green Middleton, Housing Commissioner Alice Kennedy, Delegate Sandy Rosenberg, Senator Antonio Hayes, Park Heights Renaissance CEO Yolanda Jiggetts, and Elizabeth Tatum, Acting Director, Mayor’s Office of Recovery Programs, and Delegates Malcolm Ruff and Sean Stinnett.
“Since taking office, we’ve invested more than $75 millioninto Park Heights to make jobs, grow the economy, and open pathways to work, wages, and wealth for Baltimoreans,” said Gov. Wes Moore. “This project marks the next chapter in our work, and it will transform the city by ensuring seniors have access to affordable housing and a safe, vibrant community. When we say this is Maryland’s decade and Baltimore’s time, it’s partnerships like this one that show us what that looks like.”
Major Announcements Unveiled at the Event:
The overall master-plotted community will be called Cloverbrook Green. Cloverbrook was the first horse to win the Preakness Stakes that had been bred and trained in Maryland. The community will offer an array of “green” features including solar-powered common areas and energy-efficient appliances.
90+ single-family homes with a targeted construction start of 2026.
A 59-unit affordable multifamily rental building will be named The Anderson, commemorating George “Spider” Anderson’s legacy.
A new sculpture of Anderson—one of only two African American jockeys to win the Preakness in its 150-year history—was unveiled along with other outdoor artwork made by Art with a Heart, a local organization dedicated to using art to enrich lives, bridge divides, and forge the leaders of tomorrow. George “Spider” Anderson was the first African American to win the Preakness Stakes on May 10, 1889 and May 10th, 2025, the date of the Ribbon cutting was the 136th anniversary of his win.
A mural by Baltimore based multi-hyphenate artist LaToya Peoples that honors the history of people of color in the racing industry and celebrates Baltimore’s heritage.
“We see this as a unique opportunity to merge Baltimore’s rich history with innovative, forward-thinking development that will reestablish this area as a cornerstone of economic and social activity,” said Dana Henson, Vice President, Principal, The Henson Development Company, Inc. “There’s a tale here waiting to be retold, and we’re excited to craft a narrative that blends the area’s historic vibrancy with new opportunities for growth, connection, and celebration.”
“We see this as a unique opportunity to merge Baltimore’s rich history with innovative, forward-thinking development that will reestablish this area as a cornerstone of economic and social activity,” said Dana Henson, Vice President, Principal, The Henson Development Company, Inc. “There’s a tale here waiting to be retold, and we’re excited to craft a narrative that blends the area’s historic vibrancy with new opportunities for growth, connection, and celebration.”
The event featured citations from both the Mayor’s office and Senator Chris Van Hollen and representatives from the many vendors responsible for the project’s completion: Southway Builders, Torti Gallas & Partners, STV Inc., D.W. Kozera, and Environmental Health Consultants.
The celebration aligned with the 150th running of the Preakness Stakes and the 4th Annual George “Spider” Anderson Music & Arts Festival, reinforcing the neighborhood’s cultural ties to Baltimore’s racing history.
“You can see my family’s home from the Terraces, so this groundbreaking is especially meaningful to me,” said Baltimore Mayor Brandon M. Scott. “For many years, folks thought a project like this one, in Park Heights, was impossible. But here we are. This is the tale of a neighborhood that never gave up, that stayed committed, and that came together to do the impossible. I couldn’t be prouder to be a son of Park Heights—especially today—and I’m grateful to each and every member of the community who helped make this a reality.”
Funding partners for the development include: $8.7M – U.S. Department of Housing and Urban Development (HUD); $22.5M – Tax credit equity from R4 Capital and Aetna, a CVS Health Company; $13.3M – City of Baltimore; $5.4M – Maryland CDA; $2.1M – Deferred developer fees.
Additionally, through community quarterback Park Heights Renaissance, Governor Moore’s Office of Children funded the ENOUGH Grant Program which contributed $300,000 toward a new onsite maker space, providing hands-on creative programming for residents and the surrounding community.
“In partnership with our state, city and local partners, we are helping to restore Park Heights’ position as one of the most prominent and sought after neighborhoods in the City,” said Mansur Abdul-Malik, Senior Vice President, NHPF. “The new maker space reflects our commitment to investing in people and places which we feel are the two most vital ingredients for any neighborhood revitalization effort.”
The Terraces at Park Heights incorporates rooftop, carport, and gazebo-mounted solar panels, battery backup power, and meet the National Green Building Standards. Amenities include a fitness center, library, computer lab, coffee bar, and lounge areas, along with original artwork and photography celebrating the neighborhood’s horseracing legacy.
Resident services will be provided onsite by Operation Pathways, NHPF’s dedicated resident services subsidiary.
“Housing is the foundation of strong communities. We are committed to building public-private partnerships that drive long-term change,” said Eric Price, President and CEO of NHPF, “Though the road hasn’t always been simple, we have remained right to our commitment—to the City and to the residents of Park Heights—to help make this a place where people want to live, grow, and thrive.”

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