04/29/2026
We’re proud to announce the successful closing of Ark River Residences in Wichita, Kansas! A major milestone as this is The Commonwealth Companies first project in the state.
This development represents an exciting step forward in expanding our affordable housing footprint and deepening our commitment to serving communities across new markets.
Ark River Residences will bring 42 units of high-quality multifamily housing to Wichita, serving individuals and families earning between 30% and 60% of the Area Median Income. The community will offer a mix of 1, 2, and 3-bedroom apartments, along with a standalone clubhouse featuring onsite property management, community room with a patio area, business center, fitness center, and an outdoor play area.
This project was made possible through strong public and private partnerships. We’re especially grateful for the critical role of the City of Wichita Kansas HOME funds and Kansas Housing Resources Corporation (KHRC) whose administration of HOME and National Housing Trust Fund resources provides deeper affordability and ensures that communities like Ark River can reach residents with the greatest housing needs. These resources help bridge financing gaps and make it possible to serve lower-income households while maintaining long-term affordability. These HUD-supported programs are vital tools in expanding access to safe, stable housing across Kansas.
A sincere "thank you" to our other partners who helped bring this development to life: Raymond James Financial, Advantage Capital, Oakstar Bank, RMCRC, Kansas Housing Resources Corporation, City of Wichita- Government, First American, Reinhart Boerner Van Deuren, Polsinelli, M+A.
We look forward to delivering a vibrant, supportive community that residents will be proud to call home, and to continuing our work to expand access to affordable housing across the country. Look for the grand opening in the Summer of 2027!