CEO of The Annex Group, Kyle Bach, has been nominated for two prestigious Prosperity Indiana Awards. Bach was nominated for The Michael Carroll Community Economic Development Leadership Award, which distinguishes an individual who has exhibited exceptional advocacy to further support the community economic development industry, and the John Niederman Rural Development Leadership Award, which celebrates…
Nov
21
2021
As many sectors of the economy have seen significant improvements within the past decade, affordable housing remains a significant concern to our communities. According to the National Low Income Housing Coalition, 10.8 million renter households with extremely low incomes account for 25% of all renter households and 9% of all U.S. households. Of the 10.4…
Oct
21
2021
As a leading workforce, affordable and student housing developer, The Annex Group® is proud to announce that we have been presented a coveted Midwest Prodigy Award from the Indiana Apartment Association. The Best Tax Credit Affordable Housing Community Award was presented for Union at Crescent, an affordable housing community in Bloomington, Indiana that opened in…
Oct
21
2021
We at The Annex Group®, are pleased to announce the hiring of Margaret Blum as our new Senior Director of Development. Ms. Blum has enjoyed a more than 25-year career working in land development, strategic planning, and project management. She most recently served as a senior development manager, part of a national development team responsible…
Oct
21
2021
Recently plans were announced by The Annex Group® to develop a new affordable housing community in Howell Township, Michigan. Union at Oak Grove will be located in Livingston County at 1850 Molly Lane and feature 220 one, two and three-bedroom units available to individuals and families earning wages 60 percent or below the area median…
Sep
21
2021
INDIANAPOLIS (September 28, 2021) – The Annex Group®, a leading workforce, affordable and student housing developer, today announces an open house at one of its newest developments, The Annex of Memphis. Located at the University of Memphis, the $19.1 million, 85-unit (208 beds) housing development offers studio, 2, 3 and 4-bedroom options for students. During…
Sep
21
2021
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, for multiple reasons. Before the pandemic, unemployment rates in the area were below the national average (2.8 percent in February 2020 compared to the United States’ average of 3.6 percent),…
Sep
21
2021
At The Annex Group we are working to ensure everyone has access to a home that is a catalyst for both personal and community growth. We firmly believe that a place to call home should be a necessity. Affordable housing is absolutely foundational to thriving communities. However, there are a variety of myths and misconceptions…
Aug
21
2021
The Annex Group®, a leading workforce, affordable and student housing developer, announces today plans to develop a new affordable housing community in Lawrence, Kansas. Union at the Loop will be located at 3250 Michigan Street and feature 248 one, two and three-bedroom units available to individuals and households earning wages up to 60 percent of…
Jun
21
2021
We are incredibly proud to announce that The Annex Group has been named to 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 2020. The Annex Group ranks 42nd on the list, with construction on…