Prominent Manchester-based developer Dick Anagnost is set to buy the stalled Railyard Apartments project and he intends to follow through on the rest of its construction, which is good news for the fits-and-starts status of new housing in the city.

Residents began moving into the first half of the development off South Main Street around the start of this year. A second phase, with another roughly 100 housing units, has permission to move forward, but Massachusetts-based developer Dakota Partners put it on hold — and then on the market — for monetary reasons. Dakota also backed out of a nearly 100-unit proposal in East Concord last summer that had secured city approvals, similarly citing financial headwinds.

The financing agreement for the Railyards project means the second phase can’t move forward until the existing units are nearly fully leased, Anagnost said. Currently, about two-thirds of them have tenants. He aims to see the project through to fruition according to its existing plan.

Railyard Apartments isn’t alone in facing delays in project completion. The units promised in the second phase are among the more than 700 in Concord that have all the needed permissions to move forward but have yet to begin construction, according to the city.

Other hold-ups across the city include:

■370 apartments approved for land abutting the airport. The Pembroke Road project is sitting on the market.

■ 144 units in the Village at Capital Crossing. The start of construction has been pushed back from spring to at least August.

■600 apartments at the Steeplegate Mall redevelopment, stalled by lawsuits and yet to seek final city approval.

■385 units as part of a major mixed-use project off Manchester Street. Commercial construction there is already underway.

Of the more than 2,300 units “in the pipeline” for Concord, just 650 are either under construction or recently completed. Such a slow uptake isn’t unique, however.

“Simply put, it’s getting harder to pencil these projects, harder to make the numbers work when financing costs more, labor and material cost more,” said Rob Dapice, executive director of New Hampshire Housing.

The Trump administration’s flip-flopping over tariffs and its immigration crackdowns have created even further uncertainty about labor availability and material costs.

Concord, like all of New Hampshire and much of the U.S., is trying to build more housing to loosen an ultra-tight market and bring costs down.

For Railyard Apartments, at least, the sale could mean good news.

When Anagnost heard that Dakota wouldn’t be completing the project, he reached out to them about taking things over. His development company helped wrap up phase one construction and is now overseeing management of the units already online. Because the sale won’t close until later this month, he declined to share the selling price.

“I’m always looking for a good opportunity, and this one presented itself,” he said.

The Railyard Apartments project has been celebrated not only because it represents almost half of the income-restricted units in the city’s development pipeline but also because of its partnership with the Concord Coalition to End Homelessness. Ten apartments in the first phase are set aside for the organization’s clients through a project-based voucher, meaning that even if the tenant moves out, the unit is still subsidized.

A fixture in Manchester real estate, Anagnost redeveloped 13 properties in the Millyards and the city’s downtown, helping drive its revitalization. He’s also known for producing income-restricted housing. His website highlights past partnerships with both New Hampshire and Manchester Housing Authorities to create hundreds of workforce rentals in the Queen City.

Anagnost hasn’t extended his reach much into Concord, but in the early 2000s, he did develop the Hollis Commons Apartments, two 30-unit buildings off of Airport Road.

The Railyard project, in total, will include nine buildings and nearly 200 apartments. A mix of one- and two-bedrooms, the units are restricted to people making between 30% and 60% of the area’s median income. According to the website, one-bedroom units go for around $1,300 a month, and two-bedroom units lease for just under $1,600.

Catherine McLaughlin can be reached at cmclaughlin@cmonitor.com. David Brooks can be reached at dbrooks@cmonitor.com.