The housing concept we are proposing is vastly different from what Municipalities and Agencies are familiar with; BUT the real-world implementation has and IS being used in the Government real estate markets for many decades. We are bringing this stable financing to the apartment industry and utilize Credit Tenant Loan (CTL) and bypass tax credits, HUD, Fannie and Freddie.

AREF has married Credit Tenant Loan (CTL) financing with the acquisition and production of Workforce Affordable Housing (80-120% AMI) and AREF Rents are at least 20% below Local Market Rental Comps. SAVING your local residents hundreds of dollars PER MONTH. AREF recognizes the serious need for this housing for the workforce in your community.

Harry Richard.

Harry Richard (AREF partner) is a commercial real estate investor who started in the 1970’s. In the 1980’s he transitioned into larger anchored grocery store shopping centers in the Southeast US. Thereafter Harry focused on NNN leased industrial sites, offices, and a 5 star hotel. .

John Durso.

John Durso (AREF partner) has extensive experience with the relatively complex and layered financing strategies required to make an affordable housing project economically feasible and creating new to be built class A projects for tenant in the 30-80% AMI levels. John has completed 1,000’s of units in California, Colorado and Texas.

Marc Schreiber.

Marc Schreiber (AREF partner) is a Real Estate professional involved in a wide variety of real estate transactions; Commercial Sales & Leasing and investment analysis of Commercial Real Estate projects; Cash Flow Analysis, Net Present Values, Bond Financing Modeling, Financial Projections and Negotiations..