Top 10 Affordable Housing Deals & Markets — Week of 2026-08-10
Week of 2026-08-10 · Published August 10, 2026
Market Context
The national affordable housing market is currently navigating a transformative period as new federal policy shifts, including the reduction of the private-activity bond test to 25%, begin to unlock significant production capacity. Despite persistent challenges from elevated construction costs and tight operating margins, institutional investment remains robust, with major players aggressively expanding portfolios to address the critical supply-demand imbalance.
Rankings
National Equity Fund 165-Asset Portfolio Acquisition
165 assets · 15,000+ units · National
National Equity Fund completed a massive acquisition of 165 affordable housing assets, securing the long-term affordability of over 15,000 homes across 29 funds.
Westpark Redevelopment, Philadelphia, PA
$137.5M total financing · 327 units · Mixed-income
The Philadelphia Housing Authority secured a major financing package, including a $62.1 million construction loan from M&T Bank, to deliver 327 mixed-income units.
100 East Wisconsin Avenue Conversion, Milwaukee, WI
$114M · HUD-backed · Office-to-Resi conversion
Dwight Capital provided a $114 million HUD-backed construction loan to convert a historic office building into residential units, supported by federal/state tax credits and TIF.
Newark Multifamily Refinancing, Newark, NJ
$110M · HUD-backed · Refinance
Dwight Capital closed a $110 million HUD-backed loan to refinance a large-scale, newly constructed multifamily complex, ensuring long-term debt stability.
WNC Fund 53 Capital Raise
$153M · 1,300+ units · LIHTC
WNC successfully raised $153 million from nine institutional investors to fund the development and renovation of over 1,300 affordable rental units.
Miami Affordable Housing Financing, Miami, FL
$48.4M total · LIHTC · Permanent Loan
A Miami-based development secured a $31.5 million LIHTC equity investment alongside a $16.9 million permanent loan arranged by Berkadia.
Hudson Valley Property Group Portfolio Acquisition
1,140 units · Preservation · MD/NC
HVPG acquired a five-property, 1,140-unit portfolio across Maryland and North Carolina, continuing its national strategy of affordable housing preservation.
Berkley Spring Acquisition, Lawrenceburg, TN
42 units · LIHTC · Acquisition
Lion Real Estate Group re-entered the LIHTC sector by acquiring this 42-unit family apartment community as part of its Fund III strategy.
Slate Property Group Manhattan Development
95 units · 25% affordable · Tax Abatement
Slate Property Group is developing 95 new apartments in Manhattan, utilizing state tax abatements to ensure 25% of units remain permanently affordable.
Mayflower Apartments Acquisition, Nashville, TN
Historic preservation · Below-market rate
An affordable housing fund acquired this historic 1920s apartment building in Hillsboro Village to preserve below-market rate housing in a high-growth market.
Side-by-Side Comparison
| Rank | Deal / Project | Value | Program Type | Source | Source |
|---|---|---|---|---|---|
| 1 | National Equity Fund 165-Asset Portfolio Acquisition | 165 assets · 15,000+ units · National | National Equity Fund completed a massive acquisition of 165 affordable housing assets, securing the long-term affordability of over 15,000 homes across 29 funds. | - | Multi-Housing News |
| 2 | Westpark Redevelopment, Philadelphia, PA | $137.5M total financing · 327 units · Mixed-income | The Philadelphia Housing Authority secured a major financing package, including a $62.1 million construction loan from M&T Bank, to deliver 327 mixed-income units. | - | Commercial Observer |
| 3 | 100 East Wisconsin Avenue Conversion, Milwaukee, WI | $114M · HUD-backed · Office-to-Resi conversion | Dwight Capital provided a $114 million HUD-backed construction loan to convert a historic office building into residential units, supported by federal/state tax credits and TIF. | - | Commercial Observer |
| 4 | Newark Multifamily Refinancing, Newark, NJ | $110M · HUD-backed · Refinance | Dwight Capital closed a $110 million HUD-backed loan to refinance a large-scale, newly constructed multifamily complex, ensuring long-term debt stability. | - | Commercial Observer |
| 5 | WNC Fund 53 Capital Raise | $153M · 1,300+ units · LIHTC | WNC successfully raised $153 million from nine institutional investors to fund the development and renovation of over 1,300 affordable rental units. | - | Multi-Housing News |
| 6 | Miami Affordable Housing Financing, Miami, FL | $48.4M total · LIHTC · Permanent Loan | A Miami-based development secured a $31.5 million LIHTC equity investment alongside a $16.9 million permanent loan arranged by Berkadia. | - | The Real Deal |
| 7 | Hudson Valley Property Group Portfolio Acquisition | 1,140 units · Preservation · MD/NC | HVPG acquired a five-property, 1,140-unit portfolio across Maryland and North Carolina, continuing its national strategy of affordable housing preservation. | - | Hudson Valley Property Group |
| 8 | Berkley Spring Acquisition, Lawrenceburg, TN | 42 units · LIHTC · Acquisition | Lion Real Estate Group re-entered the LIHTC sector by acquiring this 42-unit family apartment community as part of its Fund III strategy. | - | National Law Review |
| 9 | Slate Property Group Manhattan Development | 95 units · 25% affordable · Tax Abatement | Slate Property Group is developing 95 new apartments in Manhattan, utilizing state tax abatements to ensure 25% of units remain permanently affordable. | - | Commercial Observer |
| 10 | Mayflower Apartments Acquisition, Nashville, TN | Historic preservation · Below-market rate | An affordable housing fund acquired this historic 1920s apartment building in Hillsboro Village to preserve below-market rate housing in a high-growth market. | - | WKRN |
Rankings are built using live web research and publicly available data. Sources are cited inline. This content is for informational purposes only and does not constitute investment advice. View all rankings →