LOS ANGELES, CA – Linc Housing has partnered with Search to Involve Pilipino Americans (SIPA) to build HiFi Collective, a new five-tale building that will feature 63 supportive housing units and one manager s unit as well as SIPA s offices, programming space, community cultural center, and the John Eric Swing Small Business Center. SIPA headquarters will occupy the entire first floor while upper levels will house private affordable housing apartments. The new studio apartment homes are for qualified families and individuals who have experienced homelessness.
“This permanent supportive housing project hits the mark on many levels: we’re providing 63 units of housing for the formerly homeless in the area; we are collaborating with a Filipino service organization with a long-standing commitment in the community; and we’re honoring John Eric Swing, whose positive contributions to Historic Filipinotown have left an indelible mark in the neighborhood, said Los Angeles City Councilmember Mitch O Farrell. I want to thank Linc Housing and Search to Involve Pilipino Americans for the collaboration with my office to bring this much needed amenity to residents in the 13th District.”
The site for HiFi Collective, 3200 West Temple Street in Los Angeles, is located at the western gateway to Historic Filipinotown (HiFi). In addition to making much needed affordable housing in the district, the project is envisioned as a cultural landmark for the developing HiFi district. HiFi Collective will transform SIPA s current office building into a dynamic, mixed-use structure with the 6,100-square-foot ground floor anchored by SIPA s new national headquarter offices.
In addition to SIPA offices, the new space will allow SIPA to expand its community programming. The ground floor will include a 2,700-sq-ft. multi-purpose space and professional grade kitchen, as well as the new John Eric Swing Small Business Center, featuring resources and incubator spaces for entrepreneurs and small business owners interested in working in HiFi or with the Fil-Am community. SIPA recently announced the John Eric Swing Small Business Center in honor of SIPA s executive director and beloved community leader who died of COVID-19 in June.
This vital redevelopment at SIPA has been several years in the making and marks the beginning of a turning point for Historic Filipinotown, said Jennifer Taylor, head of real estate, SIPA board of directors. We are grateful to all who have made this progress possible, including our partners at Linc, Mayor Garcetti, Councilman O Farrell, our Historic Filipinotown neighborhood, and the greater Filipino American community. Thank you for your continuing support of SIPA as we go forward in our goal to change lives for the better.
The new community will have 63 studio apartment homes and one two-bedroom manager s unit. The building s residents will have private access to several amenities, including a community room, computer lab, community kitchen, indoor bike parking, laundry, outdoor deck, and offices for supportive services. The location is convenient to public transportation, shopping, and other services.
With funding support from Los Angeles County, residents will receive intensive case management to help ensure they thrive. Supportive services will include mental health and physical health services, employment counseling and job placement, education, substance abuse counseling, money management, help in obtaining and maintaining benefits, and referrals to community-based services and resources.
We do our best work when we know the community and the needs of the neighborhood, and our partnership with SIPA marries their deep community knowledge with LINC s expertise in affordable housing development, said Rebecca Clark, president and CEO, Linc Housing. SIPA s mission aligns with Linc s. We re both committed to improving neighborhoods and empowering people to make positive contributions to the community. We re excited to know that SIPA will be bringing the cultural community center to life for everyone in the neighborhood.
Funding for the development comes from a variety of sources including construction and permanent loans from Bank of America, $12.7 million in HHH Funds managed by the Housing + Community Investment Department of the City of Los Angeles (HCIDLA), $6.8 million from the Los Angeles County Development Authority (No Place Like Home funds), and tax credit equity from Raymond James. The project will receive rental subsidy from the Housing Authority of the City of Los Angeles. The California Endowment provided predevelopment support. The Los Angeles County Department of Health Services will provide funding for supportive services.
HiFi Collective was designed by D33 Design & Plotting, with cultural design by Synthesis Design + Architecture (SDA). It will be built by Walton Construction Inc. Construction of affordable housing has been designated an essential activity during the COVID-19 pandemic, and the construction team will follow recommended safety protocols to keep the job site safe. The development is due to be completed in early 2022. All supportive, affordable apartments will be filled through referrals from the County of Los Angeles Coordinated Entry System (CES).

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DALLAS, TX – Turner Impact Capital, one of the nation s largest real estate investment firms dedicated to social impact, has expanded its portfolio of affordable workforce housing with an additional multifamily housing community in Dallas – bringing the firm s total bought units to over 10,330.
The 270-unit Ventana Apartments was bought last month by Turner Multifamily Impact Fund II. The Fund and its predecessor, Turner Multifamily Impact Fund I, now own nearly 1,700 units in the Dallas-Fort Worth area, and the acquisition brings Turner Impact Capital closer to its goal of investing up to $2 billion to buy up to 20,000 units nationwide over the next several years.
The COVID-19 pandemic has caused a significant economic disruption and worsened the affordability crisis in Texas and around the nation, said Turner Impact Capital CEO Bobby Turner. Our innovative investment model has proven it can deliver strong returns for investors while improving people s lives through affordable workforce housing coupled with comprehensive resident services.
The Turner Multifamily Impact Funds preserve and enrich workforce housing in underserved communities around the nation with resident-focused programs, such as afterschool homework help, healthcare access and fitness activities, as well as environmentally sustainable initiatives that improve residents quality of life, reduce negative environmental impact, and enhance property operations.
The Turner Multifamily Impact Funds portfolio consists of over two dozen apartment communities located in nine densely populated, ethnically diverse metropolitan areas, including Washington, D.C., Chicago, Atlanta, San Antonio, Austin, Dallas-Fort Worth, Houston, Las Vegas, and Seattle.
With a well-diversified economy, the Dallas-Fort Worth area is consistently ranked as one of the most economically healthy regions of the country and has become a core market for Turner Impact Capital. Ventana Apartments offers convenient access to centers of employment and amenities, including the Galleria Dallas Mall, the Village on the Parkway lifestyle center, and Addison Circle.
The preservation of stable, affordable housing is more vital than ever, and we continue to actively invest in communities and offer property sellers a quick and certain closing, said Gee Kim, the firm s President of Multifamily Housing Initiatives. We look forward to expanding our footprint and impact in the DFW area.
Ventana Apartments amenities include a clubhouse, business center, swimming pool, sports court, fitness center, playground, and laundry facilities. The Fund will also implement improvements, such as LED lighting retrofits and Energy Star appliances, as part of its targeted sustainability initiatives.
The Turner Multifamily Impact Funds are a core component of Turner Impact Capital s holistic approach to social impact investing. The firm has raised nearly $1.5 billion in capital, unlocking more than $3 billion in investment potential while directly impacting more than 100,000 lives in underserved communities throughout the United States. By harnessing market forces, the firm s investments are sustainable, scalable and durable – improving lives and strengthening communities while earning strong financial returns for socially conscious investors.
Turner Impact Capital also manages the Turner-Agassi Charter School Facilities Funds to facilitate the development of best-in-class charter schools in underserved communities across the United States, as well as the Turner Healthcare Facilities Fund, which provides community-serving healthcare facilities to proven healthcare providers while improving access to quality care for residents of low- and moderate-income urban communities.

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DENVER, CO – Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers, announced the acquisition of 20.25 acres of land in the Castle Pines suburb of Denver for the development of The Summit Townhomes & Villas. The Summit will be a luxury leased residential community featuring one- to four-bedroom attached single-family homes and townhomes. The expected completion date is December 2022.
“The Castle Pines submarket is one of the most desirable submarkets in the Denver area, that is only expected to continue to grow in the coming years,” said Jose Kreutz, managing partner of Thompson Thrift. “The Summit Townhomes and Villas will offer a unique living experience for renters-by-choice who want to delight in the single-family lifestyle with the benefit of a professionally managed and amenitized community. This opportunity is nearly non-existent anywhere else.”
Located along Lagae Road just south of Castle Pines Parkway, The Summit will consist of 214 one-, two-, three- and four-bedroom homes that average 1,410 square feet. The homes will feature premium interior finishes, including gourmet bar-kitchens with quartz countertops, stainless steel appliances, walk-in closets, garden tubs, full-size washers and dryers and designer light fixtures. The three- and four-bedroom townhomes will feature two-car attached garages and two-level patio decks while the paired villas will feature 10-foot ceilings, windows on three sides of the home and privately fenced patios. Community amenities will include a well-appointed clubhouse, 24-hour fitness center with state-of-the-art equipment, a swimming pool with cabanas and entertainment areas, a pet-friendly bark park and doggie spa, connectivity to local walking paths, as well as access to an on-site management team dedicated to the highest-level of service for residents.
Located between Lone Tree and Castle Rock, with direct frontage along well loved I-25, The Summit is just 25 miles south of downtown Denver and only a 15-minute drive from Denver’s largest employment center, which houses six Fortune 500 companies and over 237,000 employees. Situated in Douglas County, the “6th Most Affluent County in the U.S.”, it also offers families access to the Douglas County School District, one of the best in Colorado, with the state’s highest graduation rate.
Castle Pines offers simple access to the area’s major employers including Charles Schwab, Fantastic-West, DISH Network and others. It is also located near major retail centers, such as the Village Square Center, The Outlets at Castle Rock, Colorado’s fourth most-well loved tourist destination, according to Colorado.com, and Park Meadows Mall in Lone Tree, Colorado’s largest shopping center. With the average home in the area selling for $820,000, The Summit will provide an attractive option for the growing number of households that desire the lower densities and private outdoor space common in the for-sale market, but remain sidelined due to the associated financial hurdles of ownership.
Kreutz continued, “Watermark Residential is uniquely positioned to offer a luxurious single-family lifestyle, coupled with the flexibility and ease of a leased home. With no other for-lease complexes currently in the Castle Pines area, The Summit Townhomes & Villas will offer a truly innovative product in a highly desirable location.”

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