The Habitat Company has been tapped to oversee development planning for two new affordable housing projects in South Haven, Michigan, and Buffalo, New York. The Habitat Affordable Group currently has more than 13,000 affordable units under management.
“We’re especially proud that our founding was in the affordable housing sector and that it continues to be part of our core operations,” said Matt Fiascone, president of Chicago-based The Habitat Company. “These new projects in Michigan and New York are especially meaningful to our team as they feel like a culmination of 50 years of dedicated service to affordable housing and are a reflection of both Habitat’s past and future in this asset class.”
For the South Haven development, Habitat will work with the city in creating a plan for downtown housing that will serve the area’s “missing middle,” a term that reflects the need for diverse, affordable housing choices in sustainable, walkable neighborhoods. More details on the project will be announced this spring.
Habitat has also begun initial discussions with the Buffalo Municipal Housing Authority on reimagining the 650-unit Marine Drive Apartments into a mixed-income, mixed-use development that better connects to the city’s waterfront.
“We’ve been on a great journey leading up to these two projects – from the 20 years when Habitat was working exclusively with the Chicago Housing Authority (CHA) to our decision a few years ago to expand our services by developing traditional infill and urban affordable housing communities,” said Charlton Hamer, senior vice president, Habitat Affordable Group.