“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.
With 9,652 affordable units, Standard Communities is one of the [...]
“Sean Carpenter has extensive experience as an affordable housing developer, consultant, and tax credit syndicator, with experience working for the Massachusetts state housing finance agency. As Standard continues to expand with ambitious growth targets, Sean provides us with new capabilities to pursue ground-up development opportunities, as well as the benefit of having valuable relationships with major commercial real estate players throughout the Northeast and nationwide,” said Scott Alter, Principal and Co-Founder of Standard Communities.
“This L.P. transaction demonstrates Standard’s creative and nimble approach to preserving affordable housing in the Boston market. We look forward to raising additional funds to ensure affordable housing is preserved across the country,” said Joon Lee, Director of Strategic Capital at Standard Communities.
“Standard strives to connect our capital with our values. This public-private partnership is a major investment in Atlantic City that will leverage local resources to serve our residents, and renovations on the property will provide significant utility savings for the residents through our sustainability initiatives at Baltic Plaza,” said Scott Alter, Principal and Co-Founder of Standard Communities.
“Our investment in the Starling Village is part of our broader commitment to continuously work to revitalize neighborhoods by improving social and economic mobility of our residents,” said Scott Alter, Principal and Co-Founder of Standard Communities.
One of the brightest spots in New York City’s real [...]
“Having a trusted, people-first leader like Joe as our Chief Strategy Officer is essential to our mission to make Standard the premier affordable and workforce housing organization. Joe brings a truly unique set of skills, perspectives, and existing relationships that align seamlessly to our existing leadership team and with our vision for the future,” said Scott Alter, Principal and Co-Founder of Standard.
“In addition to saving the residents an average of $1,050 annually in electricity costs, the 1.368 million kWh of electricity generated each year by the new solar photovoltaic system will provide significant environmental benefits. This system will offset the equivalent of 968 metric tons of carbon, which is the equivalent of cars driven 2.4 million miles annually or consuming 109,000 gallons of gasoline,” said Jeff Jaeger, Co-Founder and Principal of Standard.
"The Bridgeview Village acquisition had a total capitalization of over $97 million, including a $22 million renovation. Built in 1971, Bridgeview Village is a 100 percent affordable community featuring 300 units in 26 residential buildings on a 22-acre site. All units are covered by a Project-Based Section 8 Housing Assisted Payment (HAP) contract," said Tommy Attridge Director of Southeast Production for Standard Communities.
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