Pierce County Human Services is investing $11.4 million to fund five affordable housing projects across the region, adding and preserving 220 affordable homes.
The new funding pushes the total supported by the Maureen Howard Affordable Housing Act to 1,545 affordable homes built or preserved since the County began collecting the one-tenth of 1% local sales tax in mid 2023.
“These new affordable housing units will provide stability for hundreds of people across Pierce County,” Pierce County Executive Ryan Mello said. “The Maureen Howard Affordable Housing Act continues to make a real difference for our most vulnerable residents and working families.” The new projects target a wide range of housing needs in both urban and suburban areas, including new construction and rehabilitation projects.
Pierce County is also improving access to housing by approving new cottage housing regulations that create a pathway for smaller, more affordable homes and securing $2.7 million in state funding to cover essential infrastructure.
PXV Multifamily, in joint venture with funds managed by Intercontinental Real Estate Corporation, has acquired Indigo 19, a 196-unit apartment community in Virginia Beach, Virginia, marking its second investment in the past 60 days. Located at 1940 Pavilion Drive, Indigo 19 is a mid-rise apartment community in Virginia Beach’s Oceanfront submarket. Built in 2013,...
Learn more
Värde Partners closed on a $65.5 million loan to refinance Village at Sonoran Vista, a newly delivered build-to-rent community in Phoenix, Arizona. The financing was provided to the Empire Group to support the lease-up of the 240-unit community of single-family rental homes, which was completed in January 2026. The floating-rate loan, has a three-year initial term...
Learn more
Related Urban Development Group (RUDG), part of The Related Group, inked a $167 million financing package for the Gallery at Lummus Parc. Greystone provided the financing. The Greystone team included Greg Voyentzie and Jay Reed of Greystone Real Estate Capital (GREC), Jason Kaye of Greystone Housing Impact Investors LP (GHI), and Jeff Englund and Pharrah...
Learn moreRe/Max Real Estate Professionals | New York
Central CA Commercial | California
Recckio Real Estate & Development
Avison Young - CA - ON - Greater Toronto
California
California