"This is an incredible opportunity for Standard to own a luxury mixed-use project on a downtown Boise parcel. Our innovative collaboration with River Caddis, The Opus Group, and Ada County delivers a positive impact to the community,” said Robert Koerner, Standard’s Chief Investment Officer.
"Union South Bay Apartments demonstrates Standard’s creative and nimble approach to increasing middle-income housing in California. We look forward to further partnerships that ensure housing for middle-income and essential workers is created across the state,” added Chris Cruz Managing Director of Essential Housing.
"Standard continues to focus on ways we can preserve and create affordable and workforce housing through strong public-private partnerships. With this addition to Standard’s portfolio in the Lowcountry, we are trying to do our part to alleviate the area’s high housing costs and low supply of affordable and workforce housing,” said Tommy Attridge, Standard’s Director of Southeast Production.
"Here we felt that establishing a sense of community by having an amenity center would be key to resident success and engagement, and making it feel more like a neighborhood as opposed to a fragmented apartment complex. The site has tremendous potential, and we plan to own for the long term,” said Tommy Attridge, Standard’s Director of Southeast Production.
"Standard has a successful track record working with local communities and state agencies to expand middle-income housing opportunities for essential community employees. As a result, first responders, hospital and healthcare staff, teachers, and other essential workers are able to afford housing in neighborhoods near their jobs,” said Chris Cruz, Managing Director of Essential Housing, at Standard Communities.
"Naturally occurring affordable housing can be an excellent opportunity to increase affordable units while mitigating the overall cost burden. For example, in the last six months, Standard Communities has spearheaded public-private partnerships to preserve naturally occurring affordable housing and create 650 units of dedicated workforce housing in California and in the East," said Sean Carpenter, Standard's Director of Development.
“With our preservation developments around the country, it is very important for us to work together with the tenant association’s board members to align our vison with theirs. It is not uncommon for a buyer and seller to come to an agreement on the sale of the facility, but for Standard, it is important for us to also get input from the tenants," said Tommy Attridge Director of Southeast Production for 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.
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.
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© 2022 STANDARD COMMUNITIES, ALL RIGHTS RESERVED.
