Preservation

Largest Private Sector Commitment to Preserving Affordable Housing

America is facing a serious shortage of affordable housing. Properties are leaving the LIHTC program faster than they are being built. April Housing is working hard to do something about it. We’ve made the single largest private sector commitment to preserving affordable housing, ensuring tens of thousands of residents continue to have high-quality, affordable housing.

“With our resyndication program, we are able to prevent affordable housing units from converting to market-rate. These properties will remain affordable for at least another 30 years, while the residents benefit from significant unit and community improvements.”

— Perica Bell, April Housing’s Head of Preservation

April Housing is on Track to Being the Largest Preserver of Affordable Housing in the Country

In the affordable housing sector, “preservation” means renewing a property’s subsidized status rather than converting units to market-rate. Our communities operate under the Low-Income Housing Tax Credit (LIHTC) program, which restricts rents to maintain affordability. Without ongoing owner commitment, many properties would transition to market-rate housing as their restrictions expire. Working with local agencies, public finance partners, and nonprofits, we are preserving affordability for at least another 30 years. Through resyndication—applying for new tax credits—we ensure these communities remain accessible and affordable for the residents who rely on them.

Improving Our Communities

Since 2024, April Housing has invested more than $230 million in improvements and renovations to enhance our communities and individual units.

Community improvements include expanded accessibility features and renovations that enhance the day-to-day resident experience across both common areas and individual units. Upgrades include stainless steel appliances, quartz countertops, new flooring, fresh paint, updated bathrooms, roof replacements, structural and façade repairs, and new amenities and green spaces where residents can gather.

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April Housing leaders and Fort Worth officials cut a red ribbon at the grand reopening of Meridian and Wildwood Branch Apartments.

Press Releases

April Housing Celebrates Grand Reopening of Two Affordable Housing Communities in Fort Worth

October 15, 2026 No Comments

April Housing and DCTC celebrate the grand reopening of Meridian and Wildwood Branch Apartments in Fort Worth, renovating 560 affordable homes and extending affordability for ...

Exterior entrance of an April Housing affordable apartment community in Homestead, Florida.

Press Releases

April Housing Extends Affordability for 30 Years at Affordable Housing Community in Palm Beach County, Florida

October 8, 2026 No Comments

April Housing has extended affordability for at least 30 more years at a 160-unit affordable housing community in Palm Beach County, with more than $17 ...

Press Releases

April Housing Extends Affordability for at Least 30 More Years at an Affordable Housing Community in Homestead, Florida

September 10, 2026 No Comments

April Housing is preserving affordability at its Homestead, Florida community for at least 30 more years, supported by more than $27 million in planned renovations.