A New Affordable Housing Owner Just Bought 31 Communities and Almost 4,000 Homes, and It Plans to Pass $1 Billion
Key Takeaways Perennial Housing Group launched on November 13, 2026, with the acquisition of 31 affordable housing properties across the Southeast and Midwest, comprising almost 4,000 apartment units in 10 states. 97% of the properties, by count, are supported by long-term project-based Section 8 housing assistance contracts, which tie the federal rental assistance to the property itself. The launch is backed by institutional capital, and the company says its goal is to grow the business to over $1 billion of asset value over the next few years. Chief Executive Officer Gregory B. Jones has closed more than $1 billion of affordable multifamily transactions since 2011, including approximately $700 million of debt financing. A brand-new affordable housing owner started life at scale. Perennial Housing Group announced its launch on November 13, 2026 , together with the acquisition of a portfolio of 31 properties located across the Southeast and Midwest. The portfolio is predominantly suppo...