Total Equity: $59.8M  |  Bronx, NY

160 Van Courtlandt Park South

A New Era of Housing in the Bronx

Hudson Housing Capital partnered with Tishman Speyer to finance 160 Van Cortlandt Park South in Kingsbridge, Bronx. This eight-story building offers 339 affordable units of low-to-moderate-income and supportive housing.

PROPERTY TYPE: The building will include 84 studios, 152 one-bedroom units, 71 two-bedroom units, and 32 three-bedroom units. Parking will be available to residents. Bicycle storage, on-site management offices, and a recreation room will also be included.

TARGET POPULATION: 237 units set aside for households with incomes at or below 40%, 60%, and 80% of the AMI, and 101 units will be set aside for households with incomes at or below 105% of AMI.

Fifty-three studio units will be set aside as supportive housing for chronically homeless individuals and will benefit from rental subsidy and services provided by Breaking Ground.

PROJECTED COMPLETION: May 2028

Total Equity: $114.2M  |  Brooklyn, NY

Kingsland Commons Building 2

Revitalizing Brooklyn with Affordable & Supportive Housing

Hudson Housing Capital partnered with The Hudson Companies and St. Nicks Alliance Corp. to finance Kingsland Commons Building 2 in East Williamsburg, Brooklyn. This redevelopment of the Greenpoint Hospital site includes 311 affordable units for low- and moderate-income families and supportive housing.

PROPERTY TYPE: This 18-story, mixed-use building will be the culmination of a 40-year, community-led process to redevelop the approximately 3.4-acre Greenpoint Hospital site. Since its closure in 1982, the City has used part of the Greenpoint Hospital campus for homeless housing while other buildings have remained vacant and in disrepair. The redevelopment will include the adaptive reuse of two existing buildings and two new construction buildings consisting of a homeless shelter and three affordable, multifamily buildings. Building 2 will be one of multifamily buildings and consist of 311 studio, one-, two-, and three-bedroom units. In addition, it will include ground floor community and commercial space.

TARGET POPULATION: Households with incomes at or below 30%, 40%, 50%, 60% and 80% of the AMI. Of the total, 217 units will be for low- and moderate-income families; 46 units will be supportive housing for chronically homeless individuals and 47 units will be for families with children where the head of household has a serious mental illness or substance abuse disorder. The supportive housing units will benefit from rental assistance and on-site services to be provided by St. Nicks Alliance.

PROJECTED COMPLETION: March 2028

Total Equity: $67.8M  |  Fairfax, VA

Residences at Government Center 2

A New Vision for Affordable Housing in Fairfax

Hudson Housing Capital partnered with Lincoln Avenue Capital to finance the Residences at Government Center 2 in Fairfax, VA. This second-phase project includes 2 five-story buildings with 279 affordable units, along with daycare and community services, fostering family-focused living in a redeveloped area.

PROPERTY TYPE: These two five-story buildings will be the second phase of the Government Center Campus redevelopment and will be constructed on an underutilized parking lot. The property will include 96 one-bedroom, 137 two-bedroom, and 46 three-bedroom units. Approximately 16,000 feet of community space is expected to be occupied by Cornerstones, a local social service non-profit that plans on operating the space as a daycare and community service space.

TARGET POPULATION: 14 units will be restricted to households earning up to 30% of the AMI; 30 for those earning up to 40% of the AMI; 48 for those earning up to 50% of the AMI; 171 for those earning up to 60% of the AMI; and 16 units restricted to households earning at or below 70% of the AMI.

PROJECTED COMPLETION: December 2027

Total Equity: $21.1M  |  Beaumont, CA

Beaumont 3 Apartments

Expanding Housing for Homeless Households in California

Hudson Housing Capital closed its 29th transaction with National CORE to finance Beaumont 3 Apartments in Beaumont, CA. This property will provide 47 furnished units with rental subsidies and supportive services for formerly homeless households.

PROPERTY TYPE: The two buildings will have 47 one-bedroom units and one unit set aside for staff. Case management services will be provided by the Riverside University Health System- Behavioral Health and general tenancy services by the Hope Through Housing Foundation.

TARGET POPULATION: All units will be set aside for homeless households with incomes at or below 30% of the AMI.

PROJECTED COMPLETION: February 2026

Total Equity: $15M  |  Chicago, IL

900 Randolph

A New Vision for Affordable Housing in Chicago

Hudson Housing Capital partnered with The Related Companies on its 11th transaction together to finance the 900 Randolph Affordable Unit, part of a 43-story mixed-income, mixed-use development in Chicago’s West Loop.

PROPERTY TYPE: This 43-story building is part of a mixed-income development that includes 60 affordable units and 160 market-rate units. In addition, the property features a separate market-rate component with 80 additional units, a parking garage with 144 spaces, and approximately 3,000 square feet of retail space.

TARGET POPULATION: All of the affordable units are set aside for households earning at or below 30%, 40%, and 50% of the AMI. Six of the studio units will be for households earning at or below 30% of the AMI with any form of disability.

COMPLETED: January 2024

Total Equity: $41M  |  Kingston, NY

Golden Hill

Creating Housing for Seniors, Families, and Survivors in Kingston

Following 45 previously closed transactions, Hudson Housing Capital partnered with Pennrose, LLC and Family of Woodstock, Inc. to finance Golden Hill, a mixed-income, multi-generational development in Kingston, NY. It will provide 167 affordable units for seniors, families, and survivors of domestic violence.

PROPERTY TYPE: The property will consist of six residential buildings and one community building, which will also house commercial space to be used by Family of Woodstock for a daycare facility. The center will serve infants through Pre-K aged children from both the Golden Hill development and the surrounding community. In total, the property will include 107 one-bedroom units, 29 two-bedroom units, and 28 three-bedroom units, along with 228 parking spaces.

TARGET POPULATION: The largest residential building is comprised of entirely one-bedroom units and is tailored to the 80 senior units (62+), 22 of which will be for frail elderly seniors. The balance of units, 58 family units and 26 units for survivors of domestic violence will be spread throughout the other buildings.

PROJECTED COMPLETION: November 2026

Total Equity: $50.1M  |  Belmont, CA

Belmont Family Apartments

Affordable Housing Near the Heart of Silicon Valley

Hudson Housing Capital partnered with ROEM Development Corp. to finance Belmont Family Apartments, their third transaction together. This eight-story residential building in Belmont, CA, will provide 125 affordable units, with a portion reserved for veterans.

PROPERTY TYPE: The eight-story building will include 125 one-, two-, and three-bedroom units, including one unit set aside for on-site staff.

TARGET POPULATION: All units will be set aside for households with incomes at or below 30%, 50%, 60%, and 70% of the AMI. All the units at 30% and 50% of AMI will benefit from rental subsidy programs, including the HUD-VASH Program which serves veterans who have experienced homelessness.

PROJECTED COMPLETION: December 2026

Total Equity: $23.8M  |  Woodbridge, VA

Jefferson Plaza

A New Chapter for Affordable Housing in Woodbridge

Hudson Housing Capital partnered with Standard Communities to finance Jefferson Plaza, their fourth transaction together. The buildings will feature 240 affordable units in Woodbridge, VA.

PROPERTY TYPE: The development will consist of seven three- and four-story buildings with 147 one-bedroom units and 93 two-bedroom units. Common amenity space will include an exercise facility, business center, and a community room.

TARGET POPULATION: All units will be reserved for households earning up to 60% of the AMI.

PROJECTED COMPLETION: September 2026

Total Equity: $18.3M  |  Portland, OR

Strong Family Apartments

Revitalizing Portland’s North/Northeast Community

Hudson Housing Capital partnered with Community Development Partners and Self Enhancement, Inc. to finance the Strong Family Apartments in Portland, Oregon, as part of the “Alberta Alive” initiative. This 4-story building offers 75 affordable units, with community-focused amenities and services.

PROPERTY TYPE: This building will be the third phase of the “Alberta Alive” initiative, a partnership between CDP and SEI that aims to celebrate and strengthen Portland’s historically black North and Northeast neighborhoods by providing affordable housing. Many long-term neighborhood residents have been displaced from the area due to gentrification and rapidly rising housing costs. Oregon has one of the fastest-growing populations in the country and much of this growth has been absorbed by the Portland metro area. The Alberta Alive initiative aims to allow displaced households to return to the community.

The property will include 21 one-bedroom, 32 two-bedroom, and 22 three-bedroom units. On-site amenities will include common laundry facilities on each floor, resident services and property management, a community room with a kitchen, an outdoor patio, gathering spaces, and 31 parking spaces.

TARGET POPULATION: All units will be affordable with 11 units restricted to households earning at or below 30% of the AMI and 64 units restricted to households earning at or below 60% of the AMI.

PROJECTED COMPLETION: June 2026

Total Equity: $32.3M  |  McLean, VA

Somos Phase B

Where Affordability Meets Modern Living in McLean

Hudson Housing Capital partnered with SCG Development Partners to finance Somos Phase B, the second of two phases which will bring a total of 456 affordable units to McLean, VA.

PROPERTY TYPE: The building will contain 7 studios, 40 one-bedroom, 152 two-bedroom, and 26 three-bedroom units. On-site amenities will include a fitness room, community room, dog spa/washroom, yoga room, and bike storage, among other amenities. The first phase, consisting of 231 units, is currently under construction. Both phases will occupy one site upon completion.

TARGET POPULATION: Phase B will consist of 225 units dedicated to households whose incomes are up to 50%, 60% and 70% of the AMI.

PROJECTED COMPLETION: September 2027

Total Equity: $38.2M  |  Boston, MA

Old Colony Phase Six

Final Phase of a Multi-Phase Redevelopment in South Boston

Hudson Housing Capital partnered for the ninth time with Beacon Communities to finance the final phase of a multi-phase redevelopment in Boston. The development includes affordable housing for families and seniors.

PROPERTY TYPE: This final phase will consist of a single five-story residential building. The property is part of a larger 700+ unit master plan to redevelop the Old Colony public housing project in South Boston, which is one of Boston’s oldest public housing projects originally built in 1941.

There will be 89 one-, two-, three-, four- and five-bedroom units. Approximately 5,400 square feet of community facility space will also be included. It will be occupied by SPOKE Art, Inc., a long-time South Boston organization.

TARGET POPULATION: The tenancy will include families and seniors age 62+. Of the total 89 units,12 units will be restricted to households with incomes at or below 30% of the AMI, and the remaining 77 units will be restricted to households with incomes at or below 60% of the AMI. All the units will benefit from rental subsidy. Additionally, supportive services provided at the Tierney Learning Center, located on the Phase One site, will be available to tenants as it is shared with all phases of the Old Colony development.

PROJECTED COMPLETION: November 2026

Total Equity: $19.6M  |  Bronx, NY

Bronx Park South

Transformative Housing for Inclusive Communities

Hudson Housing Capital partnered with Sycamore Birch Management to finance Bronx Park South in the Bronx.

PROPERTY TYPE: This eight-story residential building will be comprised of 82 studio, one-bedroom, and two-bedroom units. A community facility will also be included.

TARGET POPULATION: Households with incomes at or below 40%, 50%, 60%, and 80% of the AMI. Eight units will be for formerly homeless households and 16 units will have a preference for individuals with intellectual and/or developmental disabilities.

PROJECTED COMPLETION: January 2027