CHARLOTTE, NC – Housing Impact Fund (HIF), an innovative investment fund aimed at preserving and providing quality affordable housing in the increasingly expensive Charlotte rental market, announced more than $100 million of private sector capital raised to acquire, renovate and protect 1,500 apartment units serving some 5,000 low- and moderate-income residents through its third and largest fund to date.
The announcement follows HIF’s success in acquiring, since 2020, nearly 2,000 apartments that are near jobs, transportation, essential services and good schools. Upon acquisition, all apartment communities are renovated so that they are not only affordable but also a quality place to live and raise a family.
All apartments are protected with restrictions, so they remain affordable for low- and moderate-income families for not less than 20 years. These restrictions commit that 30% of apartments at each community are made available to households earning less than 30% of the area median income (AMI), 50% of apartments are made available to households earning less than 60% AMI, and 20% of apartments are made available to households earning less than 80% AMI.
HIF makes a larger proportion of its properties affordable to households at the lowest income levels, those earning less than 30% or 60% of AMI, than nearly all other local housing efforts. Moreover, the 11 apartment communities that HIF has acquired since 2020 used less than half of the average funding provided by local government to support housing efforts in recent years.
The new fund marks the third such landmark for Housing Impact Fund, which raised $58 million in social impact equity in 2020 and $67 million in 2023. This equity capital represents approximately 30% of the total funding for each apartment community – along with low-interest loans from local government and philanthropy, and below-market mortgage financing from the likes of Freddie Mac and Fannie Mae. Combined, HIF’s $225 million in equity raised represents $750 million in purchasing power to buy NOAH properties serving some 10,000 residents in the Charlotte area, making it the largest and most successful affordable housing initiative in the region.
HIF invests in what’s called Naturally Occurring Affordable Housing, or NOAH – existing apartment communities that would otherwise be demolished or renovated and replaced with expensive high-end units that displace moderate-income occupants. That gentrification has the added effect of moving people away from vital services like jobs, education and transportation, which only widens the city’s opportunity gap. Instead, Housing Impact Fund places a 20-year property deed restriction that ensures affordable rents, determined by occupants’ household income, that average approximately 40% less than prevailing market rates and offer rents as low as $300/month for households earning less than 30% AMI.
“The completion of our third round of fundraising is testimony that Housing Impact Fund’s unique model is benefiting everyone involved, including residents, investors and the broader Charlotte community,” said Erskine Bowles, the former White House chief of staff and investment banker who co-founded the fund with his Carousel Capital co-founder, Nelson Schwab. “By keeping these properties from being redeveloped into housing that prices many people out of the market, we’re providing opportunities for economic and social advancement while maintaining the city’s diverse and vibrant core.”
As Charlotte’s population continues to grow, demand for affordable housing has dramatically outpaced supply. As a result, average monthly rents have risen 35% over a five-year period to over $1,470 for a one-bedroom apartment and $1,765 for a two-bedroom unit. Studies show that more than 108,500 households in Mecklenburg County spend more than 30% of their income on housing, an important benchmark for housing affordability. The problem is especially acute among households earning 30% AMI or below, who may pay 75% or more of their income toward monthly rent.
HIF’s innovative approach includes a creative partnership with Mecklenburg County and the City of Charlotte that allows 100% of property taxes for the fund’s communities to be reinvested in the form of rental subsidies for qualifying 30% AMI and below households, half of whom were previously staying in local shelters. To date 560 apartments have been set aside for these residents, who pay an average of $336 in rent from an average monthly household income of $1,157.
“The vision of our Fund III investors and the continued commitment of our civic and community partners will allow us to provide even more access and opportunity to people who are often left behind by the growth and prosperity Charlotte is enjoying,” said Schwab. “In addition, by investing $26 million to renovate our 11 properties, more than 90% of which was contracted with minority-led companies, we’re providing affordable, high-quality places to live and raise a family.”
Another key element of Housing Impact Fund’s approach is the comprehensive way it looks to build resilient communities. The fund joins with dozens of foundations, non-profits and other partners to provide free, on-site support services for residents in such areas as financial and workforce development, education, health and nutrition. Atrium Health embeds Community Impact Workers in each community to not only build connections among residents, but also link them to valuable resources and on-site programming in such areas as financial literacy, workforce development, education, health and wellness.
“Housing Impact Fund has been a powerful vehicle for social-impact investors to make headway in solving one of Charlotte’s greatest challenges – safe, affordable, quality housing that allows everyone to participate in the region’s economic success,” said Mark Ethridge, managing principal of Ascent Housing, which co-founded Housing Impact Fund and serves as its operating partner, responsible for leading the acquisition, financing, closing, renovation, and operation of its properties. “We’re grateful for the support of Truist Bank, Atrium Health and more than 50 other organizations and individuals who are helping us provide stability and upward mobility for thousands of Charlotteans.”
Joining Schwab and Bowles in overseeing the fund are three new fund managers: Ed Weisiger, chair of Weisiger Group and co-founder of Beacon Partners; Dr. Betsy Fleming, former president of Converse College and founder of Cressence executive coaching; and Jamie McLawhorn, president of Marsh Properties. Fund managers serve on a pro bono basis, reducing operating costs to maximize impact.
Key contributors to Housing Impact Fund III include: Truist Bank, PNC Bank, First Horizon Bank, Bank of America, Atrium Health, First Citizens Bank, Regions Bank, Honeywell, Leon Levine Foundation, Huntington National Bank and The Duke Endowment.

BRONX, NY – Community Access, a non-profit organization that expands opportunities for people living with mental health concerns to recover from trauma and discrimination through affordable housing, training, advocacy, and healing-focused services, joined co-developer Mega Group and state and local officials to celebrate the groundbreaking of 521 East Tremont Avenue. This new $162 million development in the East Tremont/Crotona neighborhood of the Bronx is co-developed by Mega Group, Community Healthcare Network, and Community Access.
The 213-unit development will provide a mix of affordable and supportive housing for income-eligible individuals and families, and individuals living with mental health concerns who have experienced homelessness. Ground-floor retail will also contribute to neighborhood vitality.
As part of the development, Community Healthcare Network’s Tremont Health Center will triple in size with 12 exam rooms and three dental suites in new, state-of-the-art medical space. CHN is a not-for-profit network of 14 federally qualified health centers offering affordable, integrated primary care in underserved communities in Manhattan, Queens, Brooklyn, and the Bronx. CHN, which turns no patient away, is maintaining Tremont health care services during construction at 1880 Bathgate Avenue.
Residents will have access to comprehensive, on-site support services, including counseling, group programming, crisis intervention, and connections to community-based health and mental health care. Additional services will support education, employment, and long-term well-being—reflecting Community Access’ holistic, person-centered approach.
The building is designed to foster community, wellness, and opportunity, and will include a range of amenities, including a community room, fitness center, computer and library space, laundry facilities, and bike storage.
“Community Access is proud to celebrate the groundbreaking of 521 East Tremont Avenue. We’re excited to work with our co-developers, Mega Group and Community Healthcare Network to bring 213 new affordable and supported homes to this neighborhood,” said Cal Hedigan, CEO of Community Access. “We are particularly excited to have a state-of-the- art health center as part of the development – this will be a boon to residents and to the neighborhood in general. At Community Access, we believe housing is a human right. Access to a stable, affordable home creates the conditions for people to pursue their goals, strengthen community connections, and move forward with dignity. This development represents an important step toward a more just and inclusive New York City.”
“We are grateful for our partners at HPD, Richman Housing Capital, TD Bank and KeyBank for making this vision a reality. Our team worked closely with the Community Board, Borough President and Council Member Feliz on this project, and we are eager to welcome residents into their new homes and bring back CHN bigger and better than ever,” said Emanuel Kokinakis, Principal, Mega Group Development.
“Stable housing is the foundation of health. At 521 East Tremont Avenue, we’re enabling hundreds of individuals and families to finally live in safe, affordable homes of their own. By pairing new housing with mental health services, we can provide care and stability to residents who have struggled for too long. This project is a model of delivering healthcare alongside housing, and we’re committed to bringing this model to more neighborhoods across our city,” said Patrick Love, Deputy Commissioner of Development, Housing Preservation and Development.
“The groundbreaking at 521 East Tremont Avenue marks an important step toward providing access to safe, stable housing and the support services every Bronx resident deserves,” said Bronx Borough President Vanessa L. Gibson. “Bringing together affordable and supportive housing with expanded healthcare services reflects the kind of holistic, community-centered investment our borough needs. Thank you to Community Access, Mega Group, Community Healthcare Network, and our city and state partners for continuing to invest in the Bronx and the well-being of our residents.”
“I was proud to join Community Access, Mega Group, and Community Healthcare Network to break ground on a $162 million development right here in the Bronx. This project will create 213 units of affordable and supportive housing while expanding access to critical healthcare services. It’s a powerful example of what we can achieve when we come together to invest in our communities and ensure every family has the opportunity to live with dignity,” said Assembly Member Yudelka Tapia.
“In the midst of the current housing crisis, I am beyond proud of the work that has been done to bring more affordable housing units to our community. Our families deserve access to stability and a place to thrive, and this groundbreaking represents the continuous investments made to make that a reality. I look forward to continuing to work in the development of this project, which will also bring a Healthcare facility and community space, for the people of the Bronx, and most importantly, for the residents of East Tremont,” said Council Member Oswald Feliz.
“Today marks more than the start of construction: we are advancing a vision grounded in dignity, hope, and renewed opportunity for our families in great need of access to affordable housing. With the creation of 213 units of affordable and supportive housing, alongside the expansion of essential on-site health services, we send the clear message that housing is a human right, not a privilege. I was proud to award Community Healthcare Network with $500,000 for this project, which reaffirms my commitment to healthcare and affordable housing. This project shows what is possible when we center people, strengthen partnerships, and work toward a Bronx that is more just, more inclusive, and more sustainable for generations to come,” said Senator Luis R. Sepúlveda.

PLANTATION, FL – MAXX Properties, a privately held, a vertically-integrated multifamily owner, operator and investment manager, announced the acquisition of The Ellery, a 250-unit, Class A multifamily community located in Plantation, a highly desirable submarket in South Florida. The transaction was sourced directly through an off-market arrangement with the seller.
Originally built in 2018, the community – formerly known as Bell at Plantation – has been rebranded as The Ellery, reflecting MAXX’s long-term vision for the property and its connection to the local community. The name pays homage to Ellsworth D. Gage, the first mayor of Plantation, grounding the asset in the city’s history while positioning it for future growth.
“This acquisition reflects our continued focus on high-quality communities in strong submarkets where we can create long-term value through hands-on ownership and operational expertise,” said Adam Fruitbine, Chief Investment Officer of MAXX Properties. “We’re excited to build on The Ellery’s strong foundation while enhancing the residential experience.”
The Ellery offers luxury one-, two-, and three-bedroom residences across eight lakeside buildings, blending modern design and resort-style living. Homes feature stylish interiors, open-concept layouts, and private balconies, along with a full suite of community amenities including a pool with private cabanas, yoga and boxing studios, a private movie theater, and scenic waterfront walkways. Set in the heart of Plantation, the community offers a tranquil lifestyle with convenient access to employment, dining and premier shopping destinations, including Sawgrass Mills.
As part of its strategy, MAXX Properties plans to implement a series of capital improvements designed to enhance the resident experience. Planned upgrades include enhancements to curb appeal, refreshed amenity spaces, selective interior unit renovations, and the integration of new technology offerings.
The acquisition brings MAXX Properties’ portfolio to 35 communities and approximately 9,400 units across seven states, further strengthening its footprint in the South Florida region.

FORT WASHINGTON, PA – Local officials joined prominent East Coast developer Jefferson Apartment Group (JAG) and equity partner CP Capital to celebrate J Veridian Upper Dublin, an amenity-rich, 310-unit Class A community in Fort Washington, Pennsylvania.
Located at 1125 Virginia Drive, the site of a former office park, the community comprises three 5-story buildings and 8 acres of walkable open space with a 1.4-mile trail connecting to the Cross County Trail.
Upper Dublin Township has worked to revitalize and reimagine the office park as a mixed-use hub with commercial, residential, and recreational offerings.
And up until today, the residential was missing, Upper Dublin Township Commissioner Harm Scherpbier said during the April 14 ribbon-cutting. I believe that more residential buildings help create the atmosphere people are looking for in this area, so thank you Jefferson Apartment Group for bringing J Veridian to our township.
The community s outdoor amenities include two pickleball courts, a dog park, community garden plots, and a private resort-style courtyard featuring a swimming pool, grilling stations, fire pits, hammocks, pocket parks, and lounge areas.
Robust indoor amenities also enhance a resort lifestyle at J Veridian. Residents enjoy a grand clubroom with entertainment kitchen and double-sided fireplace, game area with billiards, shuffleboard, and arcade gaming, a theater with surround sound, leading-edge fitness center, a co-working area with office pods, and more.
Jefferson Apartment Group is proud to create communities that elevate apartment living for residents and increase much-needed housing supply, said Drew Chapman, JAG Senior Vice President and Development Partner. Our partners at CP Capital shared our vision for J Veridian Upper Dublin and recognized the high-impact potential of this development. We are pleased to have forged this new relationship with them and are hopeful to continue investing together.
Units at J Veridian include 1- to 3-bedroom floor plans. Every apartment reflects JAG s luxury standard, including top-line quartz countertops, stainless steel appliances, tile backsplashes, and sleek plank flooring in the living areas.
Multifamily remains a necessity-driven asset class, where demand for high-quality, accessible housing endures, said Jay Remillard, Executive Managing Director at CP Capital. We are excited to meet this demand in the Philadelphia region with a project and partner that exemplifies market-leading multifamily that aligns with our long-term investment strategy of capitalizing on market cycles and strong supply-demand fundamentals.

WEST BABYLON, NY – Preservation Equity Fund Advisors (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced their recent acquisition of Belmont Villas, a 164-unit apartment community in West Babylon, New York. Belmont Villas is located in Suffolk County, a high-cost rental market on Long Island’s South Shore.
The units at Belmont Villas are restricted to residents aged 55 and older. The property is located on Long Island, approximately one hour from New York City. Built with low-income housing tax credits in 2009, the property is restricted to residents with income levels at 60% of Area Median Income (AMI).
The property is comprised of eight two-story residential buildings in a low-density setting with 13.9 units per acre. The property features 164 one-bedroom units averaging 1,100 square feet; units include an extra room for a den or guest bedroom, providing a competitive edge to other one-bedroom units in the market. Property amenities include a clubhouse, gated access, fitness center, library, game room, and picnic area with barbecue.
Resident amenities include balconies or patios, in-unit washer/dryer, vinyl plank flooring, granite countertops in select units, central heating/cooling, and fully equipped kitchens. As of closing, the property was 98.8% occupied.
“Long Island continues to experience a significant shortage of affordable housing, particularly for senior residents. Belmont Villas benefits from this strong demand dynamic, which supports long-term occupancy, rent stability and creates a highly resilient investment income profile,” said Ann Caruana, President and Chief Investment Officer at PEF Advisors. She continues, “We’re pleased to acquire a high-quality property from a respected developer, recapitalize it to address deferred maintenance, and ultimately preserve the affordability when the property becomes at-risk towards the end of our hold period.”

WASHINGTON, DC – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with Marshall Heights Community Development Organization (MHCDO), announced the financial closing and groundbreaking of The Waymark, a 109-unit, affordable community in Washington, D.C. s Ward 7. The new housing development will be reserved for families and individuals earning up to 30%, 50% and 80% of the Area Median Income (AMI).
The milestone underscores The NRP Group s commitment to expanding its national portfolio of high-quality, best-in-class affordable housing at a time when the country faces heightened economic uncertainty and tightening capital markets.
This is a uniquely challenging site, but it offers great connectivity through the nearby Metro station and bus lines, said Chris Marshall, Vice President of Development at The NRP Group. The Waymark exemplifies our strategic approach: partnering with mission-driven organizations like MHCDO to fearlessly tackle tough but very well-located sites, to ensure that cost-burdened families can afford easy access to transportation options and daily amenities. This project is a testament to the District s commitment to ensuring essential housing remains viable, even as development hurdles intensify.
Located at 4435 Benning Road NE, the transit-oriented community is just one block from the Benning Road Metro Station and multiple bus lines, offering residents means to reach the entire District. The site provides nearby bike-share access and pedestrian-friendly infrastructure, creating a highly walkable environment in a neighborhood where land availability is limited and parking is scarce.
The project coincides with the District s broader revitalization efforts, including the planned redevelopment of the RFK Stadium site and the return of the Washington Commanders in 2030. The housing development is located one stop away from the Stadium-Armory station, giving residents quick access to the RFK Stadium campus, which is undergoing a transformative $2.7 billion redevelopment that will create approximately 14,000 construction jobs and 2,000 permanent positions, fueling economic growth in Ward 7.
MHCDO has proudly served under-resourced neighborhoods in Washington, D.C. for more than 45 years, and we are honored to collaborate with The NRP Group on this transformative project, said David Retland, Chairman of Marshall Heights Community Development Organization. Our headquarters is located just six blocks from the new development, which allows us to remain deeply connected to the residents of this community. This partnership sets a new precedent for delivering high-quality affordable housing that ensures residents have access to the resources they need to thrive. Through our holistic approach to economic development, we aim to help Ward 7 residents move up the economic continuum and create pathways to better lives and greater opportunities.
The Waymark comprises a mix of studios, one-, two- and three-bedroom residences, including 22 permanent housing units reserved for individuals at risk of homelessness or previously unhoused.
The 109-unit, single-building apartment spans nine floors and features a wide range of amenities. On the first floor, a multi-use space will serve as a hub for resident programs, while the second floor will feature a fully equipped fitness center and a reservable family function room for events and gatherings. MHCDO will provide a robust suite of resident services, including financial literacy workshops, job readiness training and access to professional development opportunities.
Outdoors, residents will enjoy a landscaped front lawn along with a well-designed playground and seating areas that encourage social interaction. In addition, the project will include a placemaking art installation to reinforce neighborhood identity and contribute to the beautification of the site. The piece will be highly visible and created by a local artist.
Financial partners for the new development include a mix of public and private institutions, including the DC Department of Housing and Community Development (DHCD), which provided soft debt; the DC Housing Finance Agency (DCHFA), serving as the bond issuer; and DC Green Bank, supporting sustainable development initiatives. Private sector partners include KeyBank as the lender and U.S. Bank as the tax credit investor.
This project exemplifies what can be achieved when public agencies, private partners, and the community work together, said Colleen Green, Director of the DC Department of Housing and Community Development (DHCD). It is truly responsive to the housing needs of District residents and reflects our commitment to long‑term affordability, equitable development, and expanded pathways to economic mobility.
The Washington, D.C. metropolitan area remains a priority for The NRP Group and the firm s latest expansion reflects strong confidence in the region s long-term rental housing market. The NRP Group has developed more than 68,000 apartment homes since 1994, and currently manages over 33,000 residential units across the U.S.
Construction for The Waymark will be completed by the end of 2027.

NEW YORK, NY – GID, a vertically-integrated real estate owner, operator, developer and investor with $32.1 billion in assets under management, announced the continued expansion of GID Residential Partners, its national development platform, with a strategic entry into the Mid-Atlantic market. The initiative will be led by industry veteran Duncan Jones, who joins the firm as Senior Managing Director.
Building on GID s longstanding multifamily development experience, the entry into the Mid-Atlantic market, comprising Maryland, Washington D.C., Northern Virginia and North Carolina, represents an extension of the Company s recently announced GID Residential Partners platform. GID’s presence across these states reflects the firm’s ongoing focus on expanding its private market real estate strategies in markets where fundamentals — including population growth, employment trends, and housing demand — have historically supported real estate investment activity.
Expanding into the Mid-Atlantic represents a natural next step as we strategically scale GID Residential Partners, said Sean Caldwell, President of GID Residential Partners. The region offers a compelling opportunity for long-term growth, and Duncan s strong experience across these markets positions him well to lead our efforts and establish a meaningful presence.
Mr. Jones has 20 years of direct multifamily real estate experience, including 16 years as a developer across the broader Mid-Atlantic region, including Virginia, Washington DC, suburban Maryland and North Carolina. Mr. Jones has led and contributed to 25 communities and over 7,000 homes over the course of his career, spanning both rental and for-sale housing across a range of product types. For the past seven years, Mr. Jones led development activity with Akridge, where he served as Senior Vice President and Director of Multifamily.
GID s fully integrated platform provides a strong foundation to execute development opportunities across the Mid-Atlantic, said Duncan Jones. I look forward to working with the team to grow the platform and deliver well-designed communities in these key markets.
GID Residential Partners builds upon GID s vertically-integrated platform, including in-house development, design, construction and property management capabilities. Following its launch last year, the platform has established a pipeline of approximately 3,500 units across Atlanta, Houston, Austin, and Denver. The platform is currently expanding in Florida and Georgia, and plans to continue expanding into key markets in the Northeast, Southeast, Southwest and West.
The Mid-Atlantic presents a strategic opportunity for our residential platform, supported by its resilient economic base and consistent demand for housing, said John Gagnier, President, GID Development. Bringing on experienced leaders like Duncan underscores our focus on building a high-quality team with local insight to support continued expansion in these key markets.
GID has delivered landmark projects, including Waterline Square in New York, High Street in Atlanta and Cirrus and Stratus in Seattle. The firm s vertically-integrated platform provides alignment with partners and consistency, and the expansion of GID Residential Partners will further enhance the firm s visibility in the national multifamily market.

LAS VEGAS, NV – The Bascom Group has acquired The Ellison, a 294-unit apartment community located at 9235 West Russell Road in the Summerlin/Spring Valley submarket of Las Vegas, Nevada. The purchase price was $103,000,000, or $350,340 per unit. Lee Redmond, Nicholas Schroeder, Vincent Punzi, and Lowell Takahashi of Newmark arranged the debt financing for the acquisition, while AXA Investment Managers US Inc. provided the acquisition loan. The Newmark Investment Sales team led by Jonathan Merhaut, Doug Schuster, and Curt Allsop represented the seller on the transaction. Cushman & Wakefield has been engaged as property manager for the community.
Completed in 2024, The Ellison is a premier Class A five-story apartment community offering studio, one-bedroom, and two-bedroom floor plans averaging 901 square feet. Arguably one of the top apartment communities in the Las Vegas metro, The Ellison stands apart from its competitors with wrap construction that offers eight levels of direct-access structured parking and an expansive rooftop featuring a heated resort-style pool and spa with a jumbotron screen, clubhouse lounge, spin room, Pilates studio, and indoor-outdoor fitness center.
Tom Gilfillan, Vice President at Bascom, stated, “Opportunities like The Ellison do not come around often. This is a brand-new, institutional-quality asset acquired at a basis significantly below what it would cost to build today, in a submarket with one of the strongest long-term growth stories in Las Vegas. We are excited to get to work.”
The Ellison is situated along the I-215 Freeway in “The Curve,” a stretch of southwest Las Vegas with direct access to Summerlin, the Las Vegas Strip, and Harry Reid International Airport. The surrounding area is home to several major developments underway, including the Athletics’ new MLB stadium, Intermountain Healthcare’s Children’s Hospital, and expansions of the Roseman Nursing School and the UNLV Harry Reid Research & Technology Park.
Bascom plans to complete lease-up of the property and implement institutional-grade management through Cushman & Wakefield to optimize operations and enhance the resident experience. Jason Hanna, Senior Principal of Operations at Bascom, added, “The Ellison sets a new standard for apartment living in this submarket, and we are excited to build on that foundation. There is no comparison in the area to the Ellison’s incredible rooftop with the heated resort-style pool, jumbotron screen, clubhouse lounge, spin room, Pilates studio, and indoor-outdoor fitness center – all with amazing views of the Las Vegas strip.”
Since 2013, Bascom has been one of the most active buyers in Las Vegas, having acquired 37 properties totaling 9,959 units across the metro, representing over $1.4 billion in total acquisition cost. The firm currently owns nine communities in the market and has previously owned two properties within half a mile of The Ellison, including Spectrum Apartments, which is located directly across the street. Tom Gilfillan added, “The Ellison is a notable example of why we keep coming back to Las Vegas. The Summerlin/Spring Valley submarket consistently outperforms the metro, with stronger demographics, higher income levels, and demand drivers that are real and growing.”

LYNNWOOD, WA – American Capital Group (ACG), a full-service real estate investment and development company, and Clarion Partners, a leading real estate investment manager, announced the completion and opening of Enso Apartments, a 316-unit multifamily community located at 19630 40th Ave W, Lynnwood, Washington.
Enso Apartments is a transit-oriented development (TOD) located within a federally designated Qualified Opportunity Zone in the heart of Lynnwood City Center. Ideally positioned along Interstate 5 and walkable to the Lynnwood Link Light Rail Station, Enso offers residents convenient access to Downtown Seattle and connections to major employment centers across the Greater Seattle area. The development reflects ACG and Clarion s focus on transit-connected, high-growth markets where quality housing investment creates lasting community value.
The community features 316 apartment homes – a mix of studios, one, two, and three-bedroom floor plans – alongside approximately 3,950 square feet of retail space. Residents of Enso will enjoy a robust suite of amenities designed for modern, zen-inspired living, including a central courtyard, state-of-the-art fitness center, yoga studio, game zone, co-working spaces, and sky lounges with mountain views. All units also feature in-home air conditioning.
Enso is a community we re incredibly proud to bring to Lynnwood, built with thoughtful design, connectivity, and quality housing in mind, said BJ Kuula, CEO of American Capital Group Lynnwood has evolved significantly, anchored by the opening of light rail and a growing renter base that values both access and quality of life. Enso is our commitment to that growth, and we’re pleased to deliver a place residents are genuinely excited to call home.
This development reflects Clarion s continued focus on well-located housing in markets supported by strong demographic and employment fundamentals, said Adam Wheeler, Managing Director at Clarion Partners. Enso Apartments is designed to contribute meaningfully to the evolving Lynnwood City Center area while meeting the needs of today s renters.
Enso Apartments arrives at a critical moment for housing in the Puget Sound region. Snohomish County has experienced steady wage growth, and the Lynnwood submarket continues to attract renters seeking more flexibility and convenient regional access. With the Lynnwood-to-Seattle light rail commute clocking in at just 28 minutes – Enso offers a compelling live-work-play option in one of the Pacific Northwest s fastest-growing corridors.

COLUMBUS, OH – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on Landmark on Scioto, a new affordable housing community in Columbus, Ohio. The development marks LAC’s first ground-up construction project in the State of Ohio and will provide 321-units of high-quality, affordable housing to residents earning up to 60% of the area median income (AMI).
“LAC is proud to partner with state and local leaders to deliver homes that support families, strengthen neighborhoods and contribute to Columbus’ long-term vitality,” said James Riley, LAC Vice President and Regional Project Partner. “Landmark on Scioto represents a meaningful investment in this community, and we look forward to providing high-quality, affordable housing to the individuals and families who call Columbus home.”
Situated on 44.5 acres, Landmark on Scioto is a Build-to-Rent (BTR) community of one- and two-story buildings featuring 321 2-, 3- and 4-bedroom homes. Communal amenities will include a fitness center, pool, clubhouse, outdoor eating and grilling areas and a variety of open spaces throughout the community. LAC also plans to dedicate roughly 7 acres of the site to the City of Columbus, which will ultimately be converted into a public park.
Riley was joined at the event by local leaders and elected officials, including U.S. Representative Mike Carey (OH-15), Ohio Housing Finance Agency Executive Director Bill Beagle, and OCCH President and CEO Catherine Cawthon.
“Landmark on Scioto marks a significant advancement of the OCCH mission to create affordable, sustainable communities that empower residents and enhance their quality of life,” said Catherine Cawthon, President and CEO of OCCH. “It is a wonderful example of the commitment our partners have made to the Columbus community.”
“We are grateful to our partners and stakeholders for their support in expanding access to high-quality affordable housing in Columbus, and we look forward to seeing the lasting impact this development will have on the residents it serves,” added Riley.
Construction on Landmark on Scioto is underway, and the community is expected to begin leasing in the summer of 2026, with full completion expected in 2028.