Working throughout California and Hawaii, EAH has developed and acquired over 7,268 units of affordable housing in 92 properties since 1968. These properties have an estimated aggregate development cost of $1 billion (in current dollars). Our company-wide commitment to excellence provides inspiration throughout the many years it takes to develop a property. Our highly skilled real estate development team assures that the property is extremely well-designed, and built to be sustainable and financially self-sufficient. Our management team assures a lifetime of care.
Relevant Transaction Experience
EAH prides itself on being a leader in executing complex acquisition/rehabilitation and new construction transactions where HUD regulations governing an array of its financing programs are involved. Most of these developments involve the integration of HUD programs, state and local subsidy loan programs on the debt side, as well as 4% and 9% low income housing tax credits (LIHTC) to provide project equity. Many of these transactions also involve public housing authorities as providers of project-based rental subsidies as well as partnership in the capacity of joint venture developers.
We have developed and restructured projects under the following HUD programs:
- Emergency Low Income Housing Preservation Act (ELIHPA)
- Low Income Housing Project Rehabilitation and Homeownership Program (LIHPRHA
- HUD Section 236
- HUD Section 202
- HUD Section 811
- HUD Section 221(d)(3) and 221(d)(4) mortgage insurance
- HUD 241(f) mortgage insurance program
- HUD Section 223(f) mortgage insurance Pilot Program
- HUD Section 8 Loan Management Set-Aside Program
- PHA Project Based Section 8 Voucher Program
- HUD Neighborhood Stabilization Program Grants
- HUD Flexible Subsidy Loan
- Tax Credit Assistance Program (TCAP)
- Community Development Block Grant Program
- HOME Investment Partnerships Program
A reputation for high quality design
Throughout its history, EAH Housing has developed a reputation for high quality design and well-conceived projects. EAH communities have received numerous architectural awards and commendations from legislators on the federal, state and local level.
The video below features EAH Housing development partners discussing the EAH commitment to excellence in design:
A diverse portfolio—low to high-density properties for older adults, families, students and persons with disabilities
EAH Housing communities range from rural, low-density complexes in Northern California, to the 32-story Kukui Tower in Honolulu. They include homes for older adults, large and small families, persons with disabilities, student housing and affordable home ownership.
A national leader in property preservation
EAH Housing is a national leader in preserving properties at risk of conversion to market-rate housing, and leads acquisitions in HUD's Western Region Preservation Program. This improves neighborhoods and helps to guarantee permanent affordability.
An expert at leveraging public and private financing
The EAH real estate development team utilizes a wide variety of federal, state and local financing programs and opportunities for the benefit of the project and its residents. We have decades of experience with a variety of financing instruments and long-standing partnerships and relationships with a multitude of lenders and investors.
"We have great confidence not only in their ability to develop and build, but to manage the development to the true goals of the project. They have a real sense of why affordable housing is critical to the community. It involves much more than getting lumber, and roofing materials, but rather having a clear mission to foster economic and cultural diversity that affordable housing allows." - Tom Peters, President and CEO, Marin Community Foundation
"The Big Refund" - The video below describes the partnership between EAH Housing and Alameda County. Upon completing the development of Camellia Place, EAH returned financing to the County:
EAH Housing recently launched the Building Sustainable Communities Initiative (BSCI), a company wide effort to "green" the entire EAH portfolio. To date, thirty properties have received green upgrades and the rest of the EAH portfolio will undergo similar renovations in the coming years.
Please contact EAH Housing for a visit to any of our exemplary affordable communities.