As housing costs soar across Central Texas, area food banks and community organizations are making strides in an unprecedented initiative to address the region’s affordable housing crisis. The Apple Seeds Apartments project may help.
The San Antonio and New Braunfels Food Banks, the McKenna Foundation, and NB Housing Partners are spearheading the $12 million project.
The 52-unit housing complex will cater to families with children under the age of 15 and households earning 80% or less of the area’s median income (AMI). Apple Seeds Apartments will not only offer affordable housing, but will also incorporate food access, nutrition education, children’s programs, financial literacy, and community engagement opportunities.
Through the innovative project, the coalition of partners aims to address both immediate needs and foster long-term stability for our neighbors.
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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