Category: Uncategorized

Bear Real Estate Group Named One Of The Top 25 Affordable Housing Developers In The Country

Leading affordable housing developer Bear Real Estate Group has been named one of the Top 50 Affordable Housing Developers of 2022 by Affordable Housing Finance magazine. This prestigious list ranks for-profit and non-profit developers on a national level based on the number of new affordable housing units they began constructing in 2021. Bear Real Estate Group was ranked #22 on this list.

The Affordable Housing Developers of 2021 list is ranked by the number of affordable housing projects that each developer had started and completed by the end of their fiscal year. In 2021, Bear Real Estate Group broke ground to create 674 units of affordable housing and 208 were completed in Southeastern Wisconsin and Northern Illinois.

Affordable units are defined as those that are income restricted for residents earning up to 80 percent of the area median income. This is a change from the 60 percent figure used in the past. The projects may be deals with or without low-income housing tax credits (LIHTCs).

Source: https://www.housingfinance.com/management-operations/top-50-affordable-housing-developers-of-2020_o