"The work being done to provide high-quality housing for seniors is more important than ever. While this year has indeed brought unprecedented challenges, they only added to what was already a difficult environment for seniors before COVID-19. In most metropolitan areas, those on fixed incomes—as many seniors are—struggled to afford high-quality housing even prior to 2020. This reality makes safe, affordable housing more critical than ever, and demand for senior and affordable housing will only continue to grow," said Jeffrey Jaeger, Principal and Co-Founder of Standard Communities.

“Honolulu has some of the highest housing prices in the nation. As the housing shortage persists, so will the high prices – increasing the need for high-quality, affordable housing. This acquisition and renovation has a total capitalization of approximately $53 million, demonstrating our commitment to ensuring these units continue to provide high-quality affordable housing for generations,” said Jeffrey Jaeger, Principal and Co-Founder of Standard Communities.

"Housing is a bedrock of a flourishing, healthy community," said Scott Alter, Principal and Co-Founder of Standard Communities.

"To sustain investment, Jaeger said Chicago and the state of Illinois should consider expanding the use of tax incentives for investors willing to finance affordable housing. Other states such as California established far more extensive tax credit programs to create and preserve affordable housing," said Jeffrey Jaeger, Principal and Co-Founder of Standard Communities.

“Older adults, many of whom are on fixed incomes, often find themselves priced out of the neighborhoods that they have been a part of for many years, or even decades. Our goal is to ensure that The Commons at Princess Anne provides high-quality, affordable housing that enables seniors to remain close and connected to their community, friends, and family,” said Tommy Attridge, Director of Southeast Production for Standard Communities.

“We are finding ways to directly help segments of the community that are disproportionately affected by the COVID-19 pandemic.” He added “Standard actively leverages its expertise to work alongside – and in partnership with – public agencies and community partners to create strong and vibrant communities across the country,” said Jeff Jaeger, Principal and Co-Founder of Standard Communities.

“There is a shortage of affordable senior apartments in the Los Angeles area, and we believe everyone, regardless of age or income level, deserves to have a place to call home. Standard is pleased to provide beautiful, safe homes for seniors in Pasadena,” said Robert Koerner, Chief Investment Officer of Standard Communities. 

Standard Communities’ affordable housing preservation and expansion efforts at an [...]

Standard Communities, received the Excellence Award for Best Multifamily Remodel from the Frederick County Building Industry Association (FCBIA).

“We are excited to preserve Canebreak Apartments as affordable housing in a neighborhood that urgently needs it; it presents us with an opportunity to not only preserve affordable housing in the greater Charleston region, but also to upgrade and modernize the property in the process, which will be a huge benefit to the residents. We have worked closely with SC Housing and HUD to design the property’s next phase, and look forward to realizing those plans in the near future,” said Jeffrey Jaeger, Principal and Co-Founder of Standard Communities.