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Affordable Housing

Related Affordable Housing

Building and supporting thriving communities

Affordable housing is a foundational element of Related Companies, with more than 55,000 affordable residences in cities across America.

Featured video: Terry Manor Apartments - Affordable Senior Living Renovation

Stories From Our Affordable Communities
Enhancing wellness

Related Affordable Foundation and nonprofit KABOOM! celebrated the creation of a kid-designed playspace at Southern Hills, which provides an active, social and safe place for kids to have fun and express themselves.

Nurturing communities

The Related Affordable Foundation, Related Midwest and After School Matters unveiled the “Love and Unity in the Community” mural at South Shore on The Park, a Related Midwest affordable development. The mural showcases the creativity and talent of 19 local teens from After School Matters, including 11 residents of South Shore on The Park.

Helping seniors thrive

Senior residents of Dayton, Ohio's fully renovated Biltmore Towers will now benefit from substantial upgrades to their residences and communal spaces, improving their quality of life for years to come.

Transforming lives

At The Harriet Tubman Building in Far Rockaway, Related partnered with Win to provide tailored social services that address individual medical and clinical needs, educational opportunities, job development programs and more.

What's Happening Around Our Affordable Communities
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'The Shaping of New York' mural unveiled at Willets Point in Queens

In March, NYC affordable community Willets Point unveiled The Shaping of New York, a vibrant new artwork created by muralist and visual anthropreneur Venazir Martinez. The large-scale artwork was created as part of the City Canvas program by the NYC Department of Cultural Affairs, and Venazir was selected by Queens Development Group—a partnership between Related Companies and Sterling Equities—in collaboration with organizations including NYCEDC. The vivid mural extends over 2,600 feet around Willets Point's construction fencing, adding color and New York City pride to the future site of the city's largest 100% affordable, new construction development in over 40 years. The art fence faces Willets Point Commons, an affordable residence with access to a modern amenity suite and outdoor space, that will start welcoming residents to the neighborhood this April.

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Roosevelt Square named Multifamily Development of the Year for Chicago

On March 25, Chicago mixed-income community Roosevelt Square took home the 2026 CoStar Impact Award for Multifamily Development of the Year, recognized for creating new affordable housing, retail and the National Public Housing Museum. Developed by Related Midwest and built in partnership with the Chicago Housing Authority and the Chicago Department of Housing, Roosevelt Square's latest phase introduced 207 apartments to Chicago’s Near West Side that have access to retailers including a grocery store and pizzeria, as well as building amenities including a fitness center and a terrace with grills and a dog run.

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Amani and Nia win Redevelopment of the Year award

On March 25, San Francisco affordable communities Amani and Nia were announced as Redevelopment of the Year at the 2026 CoStar Impact Awards, which recognizes leading commercial real estate transactions and projects that are making an impact in their neighborhoods. Part of the Sunnydale redevelopment, Amani and Nia are the result of a partnership between Related California, Mercy Housing California and the San Francisco Mayor's Office of Housing and Community Development to transform the Sunnydale-Velasco public housing community into a thriving mixed-income neighborhood that will offer an anticipated 1,700 new affordable and market rate homes, upgraded infrastructure and critical community-serving amenities.

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Related Affordable team members support Women's History Month by wearing purple

Throughout Women’s History Month and to honor International Women’s Day, Related Affordable employees have been wearing purple to draw attention to women's myriad contributions, both in our offices and in our communities. Related Affordable team members have celebrated this tradition for four years running, visibly marking their appreciation for all the women in their lives and around the world who lead and make an impact.

Affordable housing was a great opportunity. It molded me into the person that I am today.
Kenya J. Conley
Marshall Field Garden Apartments former resident
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Our commitment to affordable housing

It's in our DNA

We started exclusively as an affordable housing developer in 1972, and today, we are one of the largest developers and preservationists of affordable and workforce housing in the country. Currently, we own and manage 55,000 affordable and workforce housing apartment homes and we are proud to have never converted a single unit of affordable housing to market rate.

Affordable Around the Country
Affordable Around the Country
Community-driven preservation at The Woodlands, Texas

Thanks to the shared commitment of our colleagues and community partners, such as the YMCA of Greater Houston, four neighboring communities in The Woodlands, Texas are not just preserved, but thriving—more than four years after renovations were completed and preservation status secured. This is what sustainable, community-first development looks like in practice.

Affordable Around the Country
Affordable Around the Country

On January 9, Related California, development partner Mercy Housing and local community members celebrated the grand opening of the Herz Recreation Center, San Francisco's first recreation center constructed from the ground up in over 25 years. Related California provided support to the Herz Recreation Center as part of the broader Sunnydale HOPE SF initiative to transform the Sunnydale-Velasco public housing community into a vibrant mixed-income neighborhood.

Affordable Around the Country
Affordable Around the Country
Related Affordable unveils revitalized affordable residences in Tennessee

Related Affordable has completed comprehensive renovations at its first three preservation projects in Tennessee: Cumberland Crossing, Midtown Estates and Horizon Square Apartments. Related Affordable has provided residents with modernized apartments and upgraded common spaces, and most importantly, they have preserved each community's long-term affordability for years to come.

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Art at Affordable Program

Related Affordable weaves artwork into residents' daily lives

Related Affordable recognizes that artwork has the ability to uplift and empower individuals and their communities. This has resulted in a program that brings contemporary artwork into Related's affordable residences, inviting creatives to share their vision with residents in a lasting and impactful way. By working with local artists and incorporating residents' feedback, Related Affordable's program sets out to improve residents' wellness and to involve them in the creative conversation. Explore some of the most recent artistic collaborations below.

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Meet the Team

Frank Monterisi named to The Queens Power 100 list

On March 16, Related EVP Frank Monterisi was selected as one of The Queens Power 100 by City & State New York, signifying his outsize impact on the NYC borough. Monterisi is currently leading the development Willets Point, which will become the city's largest all-affordable housing community in four decades, with the Willets Point Commons residene opening in April and the site's 25,000-seat Etihad Stadium planned to open in 2027.

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Investing in your resident services is investing in your community.
Tracy Canepa
Director of resident services, Foundation for Affordable Housing
Cultivating Thriving Communities
Related Affordable Foundation and Milwaukee Zoo partnership offers enrichment and opportunities
Cultivating Thriving Communities
River Pointe Apartments community celebrates new playspaces
Cultivating Thriving Communities
Ocean Park Apartments student awarded college scholarship
Related in the Community
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Related in the Community

In 2025, Related Affordable Foundation awarded more than $100,000 in scholarships to 24 residents of affordable communities across the country, including nine returning scholarship recipients. Each year, the RAF Scholarship Program invites high school seniors to apply, aiming to reduce financial barriers and support students with post-secondary aspirations.