“This Public-Private Partnership to create workforce housing will ensure that middle-income families and essential workers can afford to live in a high-quality transit-oriented and mixed-use property, close to their work and many neighborhood amenities..”
– Chris Cruz, Managing Director of Essential Housing
“Every property we acquire is an investment in stronger communities. While the number of affordable homes we have created or preserved can be counted, our success in improving communities cannot be captured in numbers alone.”
– Joe Ouellette, Chief Strategy Officer
“Standard-Faring Essential Housing was designed to help fill the missing-middle gap in California, providing essential workers—including teachers, firefighters, social workers, nurses and others—an opportunity to live in the neighborhoods where they work,” said Jeff Jaeger Co-Founder, and Principal of Standard Communities.
“Every property we acquire is an investment in stronger communities, which drives our success. Seeing residents who are now proud of their homes, taking advantage of programming to better themselves, who can say that they are better off now than previously, is a key element to our definition of success,” said Jeff Jaeger Co-Founder, and Principal of Standard Communities.
“Standard takes a holistic approach to integrating sustainable practices into our transactions. The major sustainability upgrades completed at the Fort Chaplin benefit the residents and the community. We’re extremely proud of the impact that we’ve made,” said Scott Alter, Co-Founder and Principal of Standard Communities.
“Buildings account for approximately two-thirds of greenhouse gas emissions in New York City, and Standard is proud to do our part in helping New York City become carbon neutral by 2050. Our substantial energy efficiency improvements at Polyclinic Apartments are projected to reduce our carbon output more than 20% and save our residents over $6,000 a year collectively in utility bills,” said Scott Alter, Co-founder and Principal of Standard Communities.
"Nearly half of renters in Rhode Island spend 30% or more of their household income on rent, making safe and affordable housing more important than ever. We’re proud to expand our portfolio in Rhode Island and to help address the critical need for affordable housing,”said Joon Lee, Managing Director of Strategic Capital at Standard Communities.
"Standard Communities and West Hollywood-based Faring Capital announced a partnership and plans to invest $2 billion in middle-income housing across California — both through acquisitions of existing properties and ground-up development," said Jeff Jaeger Co-Founder, and Principal of Standard Communities.
"Project Destined and Standard Communities share a commitment to social impact. When I met Cedric and his team, I knew right away that Standard needed to be part of their program. Our partnership with Project Destined and Lehman College underscores Standard’s long-term goals of increasing diversity and inclusion within our ranks and within the industry. We feel fortunate to have the opportunity to work with Project Destined to help educate and mentor what could possibly be the next generation of real estate industry leaders,” said Scott Alter, Co-Founder, and Principal of Standard Communities.
"We were excited by the opportunity to invest a large amount of capital into the project, update the community, and preserve the affordability for the residents,” said Jeff Jaeger Co-Founder, and Principal of Standard Communities
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