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 […]

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

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

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