108
Units from vacant facility
Overview
Adaptive reuse of a vacant healthcare facility into 108 units of affordable workforce housing in one of the region's highest-cost markets.
Capital Stack
- Tax-exempt bonds
- C-PACE
- Private equity
Timeline
24 months from acquisition to full lease-up
Key Outcomes
108 units delivered
Faster than ground-up timeline
Significant embodied carbon savings
Below-market rents in premium location