Standard Communities Acquires $1 Billion Portfolio in Largest Affordable Housing Transaction of 2024
Los Angeles, CA, November 6, 2024—Standard Communities, a major national [...]
Los Angeles, CA, November 6, 2024—Standard Communities, a major national [...]
Los Angeles, CA--September 26, 2023--Standard Communities, a leading national developer [...]
"Standard’s growth, successes and opportunities would not be possible without the dedication and passion of our talented employees.”
-Jeff Jaeger, Co-Founder, and Principal of Standard
"Our public-private partnership will allow income-qualified households earning up to 80% of area median income to save up to $1,200 per month in rent, which shows the power of this program.”
-Chris Cruz, Standard Communities Managing Director of Essential Housing.
"Jessica is extremely talented in finding innovative avenues to structure our deals.”
-Scott Alter, Principal and Co-founder of Standard Communities
“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, 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 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.
"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
"By focusing on middle-income housing, California cities can ensure that middle-income families and essential workers such as first responders, hospital and healthcare staff, and teachers, can afford to live near their jobs in the communities they serve,” said Jeffrey Jaeger, Principal, and Co-Founder of Standard Communities.