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…
Jan
21
2022
The Annex Group®, a leading affordable housing developer announced its partnership with Youth Build Indy to help in the completion of construction for Union at 16th, an affordable housing community currently being built on the near westside of Indianapolis. The program, which operates under the acronym BUILD standing for Believers United in Local Development, provides…
Jan
21
2022
The Annex Group is pleased to announce that we are opening a satellite office in Denver, Colorado, in order to continue doing our work as a leader in the development and building of workforce, affordable and student housing around the country. Our company’s expansion into Denver is part of a strategy to work in areas…
Jan
21
2022
Leading developer of workforce housing, The Annex Group®, recently announced plans to develop a new workforce housing community in Bloomington, Indiana. Funding for The Annex of Bloomington closed today. The $23.04 million community will be located at 321 and 403 E 3rd Street, 47401 and feature 102 studios, one and two bedroom units within two…