EO Press

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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