April Housing Expands Resyndication Program, Preserving Another 204 Affordable Units

BY CATHY CUNNINGHAM
February 14th, 2025

April Housing has completed a resyndication of an affordable housing community in Liberty Township, Ohio, bringing the number of units preserved within its portfolio to 1,500, Commercial Observer can first report.

The Blackstone Real Estate portfolio company is now on course to be the largest preserver of affordable housing in the U.S., according to April Housing.

The resyndication — the allocation of further low-income housing tax credits to preserve affordability as well as preservation of the physical asset — expands April Housing’s footprint to another state and protects the 204-unit property’s affordability for another 30 years. Further, April Housing prevented the property’s conversion to market-rate housing in the nick of time, just days before its affordable agreement was due to expire.