“It's all just history repeating itself. STOP the devastating rent increases.”

 

AREF is providing Credit Tenant Loan (CTL) financing with the production and acquisition of Workforce Affordable Housing (80-120% AMI). Built-in underwriting factors providing risk mitigation against economic failure.

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  • The City/Agency/JPA does NOT subsidize the monthly tenant rents. (unlike affordable housing.)

  • The City/Agency/JPA does NOT contribute upfront capital money into an apartment project. (unlike affordable housing.)

  • Projects are Donated at the end to the City/Agency/JPA Free & Clear. (unlike affordable housing.)

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AREF would like to work with you in creating Moderate Income / Workforce Housing in the City without having to access the “difficult, confining, compliance burdened, government programs” that are typically used. We are here to assist you in producing affordable housing in perpetuity which under our scenario you would become the sole owner at the end of the primary term of the lease.