Affordable Senior Community Opens in DC
“Atlantic Pacific Cos. and Nix Development Co. have completed Dix Street Residences, a 47-unit affordable senior housing community in Washington, D.C.”
News
Urban Institute’s – Expanding Opportunities for Developers of Color
2024 AHT Faith and Community Partnerships Symposium (Columbus, Ohio)
Nix Development featured in Spring 2024 Edition of Affordable Housing News
“Boutique real estate development and advisory firm Nix Development Company is leveraging strong industry connections and a community-centric strategy to bring new affordable housing to communities on the East Coast.
“The company is led by Founder and President Ray Nix, who has over 25 years of experience in the affordable housing industry. Since its founding in 2008, Nix Development Co. has overseen the planning and creation of more than 1,400 affordable homes and has expanded its footprint throughout Maryland, Virginia, Washington, D.C., South Carolina and Ohio.”
ULI Washington Pathways to Inclusion Presents: The Evolving Impact of Faith-Based Affordable Housing on Community Development, featuring Ray Nix
Esau Jenkins Village in the News
“The tax credits fetch higher or lower prices depending on current tax laws, expectations about inflation and other factors. So the government gives up a dollar of tax that would otherwise be owed, and low-income housing developers get less than a dollar in return.”
“For Esau Jenkins Village, federal income tax credits were sold for 86 cents on the dollar, and South Carolina tax credits for 50 cents, said Ray Nix of Maryland-based Nix Development Co., a developer of those apartments.”
Nix Development Founder interviewed for Inaugural Podcast Episode of “Developing Roots in Community Real Estate”
Trinity Baptist Church Partners with Nix Development for Senior Housing
‘“The partnership with National Church Residences and Nix Development Company will ensure that the ministry footprint of Trinity Baptist Church reaches beyond the pews in this community,” said Victor Davis, pastor at Trinity Baptist Church, in a press release. “The Scarborough will utilize the church’s land to assist with the stabilization of our community and provide safe, modern and affordable housing for our seniors.”’
Esau Jenkins Village Financing Complete for Construction
“Esau Jenkins Village, a new 72-unit affordable senior housing community, led by Maryland based developer Nix Development Co. through a strategic partnership with Sea Island Comprehensive Health Care Corp. (SICHCC), and Ward Mungo Construction LLC closed on $26 million of project financing on Dec. 22, according to a news release.”