Affordable Housing

Green Lakes Apartments

Virginia Beach, VA

Delafield Villas

Dallas, TX

Ashton Green

Newport News, VA

BLDG invests in affordable housing and applies a systematic approach to asset management to ensure a quality experience for residents and stable returns for our investors.

WHERE DO WE INVEST?

BLDG invests in urban and suburban communities in markets across the country. We invest in low income, moderate income, and workforce housing, including Project Based Section 8 communities and properties financed through Low Income Housing Tax Credits.

HOW DO WE IMPROVE OUR COMMUNITIES?

BLDG invests in long-term strategies to improve our communities:

  • Streamlined operations and management with consistent, measurable performance goals
  • Capital improvements to address deferred maintenance
  • Programming and amenities to improve the resident experience
  • Energy improvements to improve the resident experience and financial performance
  • Partnerships with area stakeholders

We employ best-in-market managers to ensure high standards for property maintenance and operations. Paired with well-allocated capital improvements, we can improve resident satisfaction which translates to full occupancy and reduced operating expenses.

WHERE DO WE OPERATE?

BLDG operates in 11 states across the U.S.: California, Delaware, Nevada, New Mexico, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Washington

35%

Average community-wide reduction in water consumption in communities retrofitted under the BLDG Green program

70%

average reduction in common area electrical consumption in communities retrofitted under the BLDG Green program

98%

average portfolio occupancy

Affordable Housing

The Knolls / Orange, CA

No items found.

The Knolls is a 260-unit Low Income Housing Tax Credit (LIHTC) property. The property is subject to a deed restriction dedicating the property to households that make less than 60% of the area median income. The property was constructed in 1963, and substantially renovated in 1997.

Sourced in an off-market transaction from an institutional owner, the property is in a superb infill location in Orange County, California. Well-maintained at acquisition, The Knolls nevertheless offers significant opportunities to create value through efficiency and sustainability projects that reduce waste and improve the tenant experience.

LOCATION

Orange, California

Project type

Affordable, Low Income

Housing Tax Credit

TOTAL UNITS

260

Affordable Housing

Sussex Green / Dover, DE

No items found.

Sussex Green is a 132-unit project-based Section 8 property with an additional LIHTC funding layer. The property benefits from a long-term contract with the US Federal Government’s Housing and Urban Development Agency (HUD) that substantially guarantees the rents paid by low-income tenants  The property was constructed in 1976, and significantly renovated in 2009.

By coordinating a study of area market rents with HUD, BLDG was able to improve the property’s economics without impacting tenants.  As the property matures, its location in an Opportunity Zone and adjacent to Dover AFB are drivers of potential value.

LOCATION

Dover, Delaware

Project type

Affordable, Project Based HUD

Section 8

TOTAL UNITS

132