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Construction Begins on Housing for Homeless Veterans

EXPOSITION PARK — Construction of a $32 million supportive housing complex for homeless veterans in Exposition Park began Dec. 14. The RISE Apartments, at 4050 S. Figueroa St., is intended for those making 30 to 50 percent of the area median income and transitioning into a supportive housing community. “The groundbreaking for the RISE apartments …

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Los Angeles Mayor Garcetti attends ground breaking of $32 million apartment community for homeless veterans

State and local public officials, including Los Angeles Mayor Eric Garcetti, Los Angeles Councilmember Curren Price, Jr., and Los Angeles County Supervisor Mark Ridley-Thomas, as well as community leaders, and members of the ownership and development team joined together today to officially break ground on the $32 million RISE Apartments located at 4050 South Figueroa …

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Highridge Costa, Coastal Rim Properties Break Ground on $130M Mixed-Use Seniors Housing Project in Hawaii

KAPOLEI, HAWAII — Gardena, Calif.-based Highridge Costa Cos., in partnership with Honolulu-based Coastal Rim Properties, has broken ground on Kulana Hale, a mixed-use and affordable seniors housing project in Kapolei, near Honolulu. Designed by SVA Architects, Hawaiian Dredging Construction Co. is building the property. Located at 1020 Wakea St., the $130 million project consists of …

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Ground Broken for $130 Million Kulana Hale Mixed-Use and Senior Affordable Apartment Community

Hawaii Governor David Ige, other state, and local officials, along with community leaders and members of the development team joined together recently to officially break ground on the $130 million Kulana Hale mixed-use and senior affordable apartment community. Located at 1020 Wakea Street in Kapolei on the island of Oahu, the project consists of three …

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Ground broken on affordable community development in Kapolei

HONOLULU (KHON2) – A new affordable apartment community is in the works for Kapolei. A groundbreaking ceremony was held Thursday for Kulana Hale. The $130 million total project on Wakea Street will be built in three phases. Phase 1 will consist of 154 affordable senior rental units above ground floor commercial retail spaces in a …

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Grand Opening Celebrated for The Heights of Edinburg Affordable Apartment Community

With the snip of a ribbon, The Heights of Edinburg, a new $19 million, 128-unit affordable, multi-family apartment community located at 2132 E. Wisconsin Road in Edinburg, Texas, was formally opened on June 6. State and local public officials, community leaders, as well as members of the ownership and development team attended the event.  The …

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Affordable Housing Developer Michael A. Costa Inducted into the California Housing Consortium’s 2018 California Housing Hall of Fame

Michael A. Costa, President and Chief Executive Officer of California-based Highridge Costa Companies, has been inducted into the California Housing Consortium’s 2018 California Housing Hall of Fame, Private Sector, in recognition of his many contributions to the affordable housing industry. The induction took place at the Consortium’s 2018 Policy Forum & California Housing Hall of …

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New Heights: $19M apartment complex opens in Edinburg

EDINBURG — A new $19 million affordable housing complex officially opened its doors Wednesday, though the 128 units it comprises are mostly occupied. Only three apartments remain vacant since The Heights, located at 2132 E. Wisconsin Road, began leasing in January, said Mohannad H. Mohanna, president and managing member of Highridge Costa Housing LLC. And …

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New Firm to Launch Alternative Financing for Affordable Housing

There may be a new way to finance apartment projects that include affordable housing. Align Finance Partners, a recently formed private commercial real estate finance company, plans to provide subordinate gap financing for the acquisition, renovation, and development of multifamily communities in the West. The financing will be structured as a tax-exempt private-activity housing bond …

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