GC Magazine has announced its Top 40 in Affordable Housing Contractors and Flaherty & Collins Construction was named to the annual list.
The list features the top 40 affordable housing contractors in the US. The list introduces construction and design-build firms that significantly contribute to the country’s growing demand for public housing. The firms were qualified based on the number of projects that they completed over the years, the awards and press publications that highlighted their works, and the industry memberships that they secured since their establishment. GC Magazine also looked at the experience of its principals, their background, and their individual advocacy that helped shape the affordable housing market.
Providing quality living spaces to low-income households is the primary objective leading public and private advocates to push for more accessible affordable housing opportunities. The nationwide drive, led by the government and non-profit organizations, also provides practical options for workers and families to be located near cities and urban communities instead of moving away from major employment hubs for lower rents. These initiatives can be found across the United States and are operated by state and local housing agencies.
Recent statistics show that 1.2 million households currently enjoy the benefits of public housing. As part of the solution to address the growing need for quality living spaces, especially to underserved markets, developers, general contractors, and design-build firms come together to usher the multi-residential market into a more transformative, community-driven era.
One of Flaherty & Collins Properties Construction team’s most significant works for the affordable market is The Residences at St. Elizabeths East, located at the historic St. Elizabeths East in Washington, DC. The building provides affordable housing opportunities to households earning up to 50 percent of the median family income. Residents can also enjoy its long list of amenities, such as a fitness center, clubroom, parking spaces, and recreational areas, among others. To be completed in 2020, the project is already open in phases and leasing up. The project is a product of its long-term partnership with the Anacostia Economic Development Corporation (AEDC).
Additionally, F&C has several others affordable projects under construction, including Miller Parrott Lofts and St. Marys Senior Housing. and has completed 12 affordable projects over the past five years.