Research & Innovations

From the New York City Housing Authority's press release:

On Friday, May 8, the New York City Housing Authority (NYCHA) closed on the financing for a $349 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations to over 1,200 residents living in four residential buildings at Moore Houses and East 152nd Street-Courtlandt Avenue in the Melrose section of the Bronx. The buildings have now converted to Project-Based Section 8 through the federal Rental Assistance Demonstration (RAD) program, unlocking funding that will allow the PACT partner team – Mega Group Development, Brisa Builders Development – to address the capital needs of the development and begin fully rehabilitating apartments, shared spaces, grounds, and building infrastructure to improve residents' quality of life. A PACT first, the comprehensive renovations to Moore Houses and East 152nd Street-Courtlandt Avenue will fully electrify all four buildings for heat, cooling, cooking, and hot water service. The PACT program maintains residents' rights and preserves affordable rents for all households.   

“This $349 million closing represents top-to-bottom building and home improvements for the residents of Moore Houses and East 152nd Street-Courtlandt Avenue, shaped by their input and managed by a team they helped select,” said Deputy Mayor for Housing and Planning Leila Bozorg. “Congratulations to each of the residents, and to NYCHA, Mega Group, Brisa Builders, and Cornell Pace teams, on this important milestone – I look forward to seeing much-needed improvements made in the coming years, including electrification, upgrades to community spaces, flood protection, and more.”  

“With this financial closing, we're unlocking the necessary funding to complete comprehensive renovations to Moore Houses and East 152nd Street-Courtlandt Avenue,” said NYCHA Chief Executive Officer Lisa Bova-Hiatt. “Through the PACT modernization of these two developments, we'll be making critical quality of life improvements to residents' homes and buildings, as well as common areas and outdoor spaces. This will also be the first time that a NYCHA project has electrified more than one building, as we bring heating, cooling, cooking, and hot water services online in all four buildings, allowing for a greener, more efficient future and reliable utilities while also activating new indoor amenity spaces for resident use.”  

“This financial closing brings the PACT program to a total of $10.3 billion unlocked citywide for improvements to NYCHA campuses, buildings, homes, and most importantly, for the communities that call them home,” said NYCHA Executive Vice President and Chief Real Estate Officer Jonathan Gouveia. “PACT has brought sweeping improvements to the doorsteps and into the homes of so many NYCHA residents, making a tangible difference in their lives, and we're looking forward to continuing this progress at Moore Houses and East 152nd Street-Courtlandt Avenue.”  

“The tenant association is excited and eagerly anticipating the upcoming repairs that the PACT partners will be implementing here at Moore Houses,” said Moore Houses Tenant Association President Rosa Pinero. “We’re looking forward to the positive impact this will have on the community. It’s awesome to see real investment here – making it safter, cleaner, and more pleasurable for our tenants – and the new landscaping and building updates will have a big impact on our daily lives. We have maintained a great relationship with the PACT partners in a way that allows us to feel seen and heard, and we’re thrilled that our development will finally receive lasting changes that will benefit our residents for many years to come.”  

Read the full press release here.

Atlanta Housing (AH) has launched two new programs aimed at expanding homeownership opportunities for low-income households. 

At AH's 2026 State of Atlanta Housing event, the PHA announced a new initiative providing up to $60,000 in down payment assistance for eligible participants in its Housing Choice Voucher Program (HCVP), more than doubling the previous maximum of $25,000. AH also announced a new partnership between Atlanta Housing (AH) and Pretium designed to create a complete and more achievable pathway to homeownership for HCVP families.

Together, these efforts combine significant financial assistance, access to quality homes and personalized homebuyer support to help families successfully transition from subsidized housing to homeownership within the City of Atlanta. Through the Pretium partnership, eligible families can pursue the purchase of single-family homes sold by Pretium while also receiving tailored education and financial guidance to navigate the process with confidence. 

“Atlanta Housing remains focused on our vision to use housing as a foundation to lift families to economic freedom,” said Terri M. Lee, President and CEO of Atlanta Housing. “This new partnership reflects the kind of public-private collaboration we believe is essential to close the gap between housing stability and economic opportunity. We are grateful for Pretium’s willingness to partner with Atlanta Housing to help remove barriers to homeownership for our families.” 

“Our new $60,000 down payment assistance program is about turning readiness into reality. These families are stable, working, and ready for the next step. Today, we are making our most significant investment in down payment assistance yet. As we help one family move forward, we also free up space for another,” Lee added. 

“Pretium has long served Housing Choice Voucher families in Atlanta, and we are proud to help create a pathway for those same residents to become homeowners,” said Tatiana Gutierrez, Head of Corporate Impact at Pretium. “This partnership demonstrates how public-private partnerships expand access to homeownership while bringing capital to preserve safe, quality, affordable housing stock for local rental markets. We look forward to working with Atlanta Housing to continue supporting families on their paths to homeownership.”  

At the center of the new partnership initiative is a coordinated approach that pairs financial support with housing access and long-term stability investments. Pretium will offer single-family homes within the city priced at or below $375,000 for participating families and provide a seller subsidy of up to $10,000 per transaction based on lease tenure. The company will also fund and complete, with its affiliate Progress Residential, up to $15,000 in property renovations for each home, as needed, and offer one year of post-purchase repair, maintenance and homeowner-stability support to help ensure long-term success. 

Beyond the transaction itself, the partnership also introduces workforce development opportunities tied to Atlanta’s housing ecosystem. These pathways will support careers in property management, maintenance, construction and administrative services, helping families build not only equity through homeownership but also long-term income stability. 

The pilot builds on Atlanta Housing’s existing homeownership program, which has provided up to $25,000 in down payment assistance and other supports to help families pursue ownership. When a participating HCVP family transitions to homeownership through the pilot, Pretium will coordinate with Atlanta Housing to make the vacated home, or an alternative home, available for another eligible voucher holder creating a cycle of opportunity that expands access across the system. 

While homeownership remains one of the clearest pathways to long-term stability and economic independence, many Atlanta families continue to face barriers including limited affordable inventory, high upfront costs and the complexity of preparing for and sustaining a mortgage. This initiative is designed to directly address those challenges. 

To further strengthen outcomes, an Atlanta-based mortgage partner will deliver HUD-approved homebuyer education and individualized mortgage-readiness assessments to prepare families for sustainable homeownership. The lender will also assist buyers in identifying supplemental down-payment or closing-cost resources to maximize purchasing power and long-term success. 

This new partnership is another innovation in Atlanta Housing’s broader Resident Renaissance initiative, a resident-centered strategy to help families move from housing stability to economic mobility and long-term independence. Resident Renaissance is powered by Atlanta Housing’s continued work with the private sector to build a more complete ecosystem of support for residents. By aligning housing, workforce development, transportation and other life-building resources, Atlanta Housing is creating stronger pathways for families to thrive. 

From the DC Housing Authority's press release:

On April 28, Park Morton Apartments received the 2026 Award for Excellence in Affordable Housing from ULI Washington, the local arm of the national nonprofit Urban Land Institute.

The award recognizes Phase 1 of the multi-phase redevelopment of the former Park Morton public housing community, a project led by a private-public partnership of the Office of the Deputy Mayor for Planning and Economic Development (DMPED), the District of Columbia Housing Authority (DCHA), nonprofit The Community Builders (TCB), and Dantes Partners.

“ULI Washington’s recognition of Park Morton Apartments highlights the impact of thoughtful public investment and strong partnerships. This project delivers affordable housing, supports resident opportunity, and advances the District’s vision for inclusive neighborhood growth,” said Deputy Mayor for Planning and Economic Development Nina Albert.

Located at 610 Park Road NW in the Park View neighborhood, the 142-unit Park Morton Apartments is a fully affordable multifamily building that includes 40 replacement units for returning Park Morton residents. DCHA, TCB and Dantes Partners are co-developers of the site, which originally consisted of 12 garden-style apartment buildings.

“Park Morton Apartments has created high-quality affordable housing and shared community spaces in a thriving, opportunity-rich neighborhood that offers access to transportation and other amenities that support resident empowerment,” said Nicole Wickliffe, Interim Executive Director of DCHA. “Thank you to our Park Morton residents for your commitment and passion for your community, and to all of our partners for working together to bring our collective vision to life. The ULI Washington award recognizes what can be accomplished when residents’ voices are prioritized.”

The newly constructed midrise building offers studios, one- and two-bedroom apartments, and a four-bedroom apartment, and includes units with accessible features for persons with disabilities. The modern rental property is available to tenants earning up to 80% of the area median income (AMI).

Unit features include simulated hardwood flooring, balconies, dishwashers and in-unit washers and dryers. Community amenities include a parking garage, fitness center, rooftop lounge, two courtyards, a “Kids Hub” lounge, a “Tech Hub” coworking space, a resident lounge and covered bike storage.

“Park Morton Apartments demonstrates what’s possible when the District, nonprofit developers, and private partners work together with residents at the center,” said Bart Mitchell, President and CEO of The Community Builders. “This award from ULI Washington recognizes a shared commitment to delivering high-quality, deeply affordable housing while honoring the Park View community and creating a foundation for long-term opportunity. We’re proud of this milestone and grateful to our partners for their leadership and collaboration.”

“Park Morton Apartments represents the best of what the District of Columbia can be in providing affordable and workforce housing,” said Buwa Binitie, Founder and CEO of Dantes Partners. “We look forward to on-going collaboration between the District, private development partners and residents to ensure the creation and on-going viability of much-needed affordable housing communities such as this one.”

The five-story multifamily rental property is the first on-site building delivered under the New Communities Initiative (NCI), a District government program that creates vibrant mixed-use neighborhoods. It also marks the completion of Phase 1 of the Park Morton Redevelopment Plan.

Future phases will include the construction of 47 townhomes, with 17 rental replacement units and 30 homeownership units; and 250 off-site rental apartments, including 90 replacement units, located less than a quarter mile away at the former Bruce Monroe School.