The affordable housing leader is looking to forge stronger relationships with developers as affordable housing demand rises.

Six institutional investors participated in the low-income housing fund, which will develop and renovate 1,300 units.

The expansion plan, which will provide more than 35,000 square feet of new space, will also include a fully renovated lobby and box office, additional space for its growing educational programs, two state-of-the-art rehearsal halls, a 400-seat theatre-in-the-round and a public restaurant.

Equity Residential has submitted plans to add 25 below-market rate apartments to its Reserve at Mountain View Apartments because the community has none among its 180 apartments at this time.