INDIANAPOLIS (January 10, 2023) – The Annex Group®, a leading workforce, affordable and student housing developer, announces today plans to develop a new affordable housing community in Corvallis, Oregon. Union at Pacific Highway will offer 174 one, two and three-bedroom unit options available to households whose income level is at or below 60 percent of…
Nov
21
2022
INDIANAPOLIS (November 1, 2022) – The Annex Group®, a leading impact housing developer that creates workforce, affordable and student housing communities, announces today plans to develop a new affordable housing community in Charlotte, North Carolina. Union at Tryon will feature 200 units with studio, one, two and three-bedroom apartments that will target households earning up…
Oct
21
2022
INDIANAPOLIS (October 25, 2022) – The Annex Group®, a leading impact housing developer that creates affordable, workforce and student housing communities, announces today that its property Union at Wiley has won the 2022 Best of Cedar Rapids Award in the apartment building category by the Cedar Rapids Award Program. Each year, the Cedar Rapids Award…
Jun
21
2022
The Annex Group®, a leading workforce, affordable and student housing developer, announces today plans to develop a new affordable housing community in Lincoln, Nebraska. Funding for Union at Middle Creek has been secured, and construction is now underway. The $34.44 million community will be located at 2643 West Timberlake Drive, 68522, and feature 192 one,…
Jun
21
2022
The Annex Group®, a leading developer of workforce, student, and affordable housing, has earned the number 15 position on Affordable Housing Finance’s Top 50 Developers List. This list of the nation’s top affordable housing developers is generated using the number of affordable housing project starts and completions from 2021. The Annex Group is listed 27…
May
21
2022
The Annex Group® is proud to announce that we have recently been been featured on the television series “World’s Greatest.” The series, which is produced by How2Media, features exemplary people, places and companies around the country. With the goal of shining a positive light on the work people and businesses are doing in various industries,…
May
21
2022
The Annex Group®, a leading workforce, affordable and student housing developer, in collaboration with Eastmark Capital Group, a real estate acquisitions and development company, announce plans to develop a new student housing community in Pullman, Washington. Funding for The Annex of Pullman has closed, and construction is now underway. The $47.78 million community will sit…
Apr
21
2022
The Housing Shortage in Cedar Rapids, Iowa A lack of affordable housing has been an issue in the Cedar Rapids, Iowa area for many years. While employment data indicates the county’s employment picture has strengthened between 2009 and 2019, there hasn’t been enough housing to meet the needs of employees. Then, with the onset of…
Feb
21
2022
After experiencing incredible growth in 2021 with more growth expected for 2022, The Annex Group’s current portfolio is valued at more than $500 million. The company has developed more than $1 billion worth of projects, most of which have been ground-up construction. In 2021, The Annex Group expanded beyond its Midwest roots to add properties…
Feb
21
2022
What is affordable housing? Affordable housing benefits communities, people, and the local economy, and it is an integral aspect of life. Affordable housing is generally defined as housing on which the occupant or occupants are paying no more than 30 percent of gross income for housing costs, which includes utilities. The term can refer to…