Bozeman, MT: The Apartments at Enterprise, offered to individuals and families earning between 65 percent and 85 percent of area median income (AMI), provide affordable housing options for public safety officials, nurses, teachers and others as the city works to address its housing shortage amid a growing workforce.
Cleveland, OH: Local developers Sustainable Community Associates leveraged the OZ tax incentive to lower rent prices for 60 percent of the apartments at The Tappan, which will be available to “the missing middle,” or residents making between 80 and 120 percent of AMI. In addition to workforce housing, The Tappan provides retail space on the ground floor for a local startup bakery, Leavened.
Los Angeles, CA: Silicon Valley Bank and the National Equity Fund, a non-profit, tax credit syndicator, have committed $110 million to expand affordable housing in Los Angeles and the Bay Area using Opportunity Zone incentives. The investment will help create housing for some of California’s most vulnerable residents, including those experiencing homelessness and local farm workers.
Schenectady, NY: Hudson Partners Development and Enterprise Community Partners are leveraging Opportunity Zones investment to construct a four-building, 88-unit workforce housing apartment complex, over half of which is targeted at area residents earning less than 80 percent of median area income.
Orlando, FL: The mix of long-term affordable and market-rate apartments at Parramore Oaks furthers the community’s goal of increasing the supply of affordable and market-rate homes in order to prevent displacement.
Tacoma, WA: KOZ on MLK delivered a community-driven project to Washington’s Hilltop community in Tacoma. New homes and neighborhood-oriented commercial space are affordable to those earning 79 percent or less of the area median income.