Stewardship is “the careful and responsible management of an asset entrusted to one’s care; an ethic of planning and management designed to prevent loss—with a focus on long-term sustainability.”
EAH Housing initiated its stewardship activities in the early 1990’s in response to the growing national loss of affordable housing. By constantly honing skills to manage the complexity of transactions involved with acquisitions and rehabilitations, and in weathering several economic downturns and changing policy environments in the affordable housing industry, EAH has matured in capability and expertise over the years to offer support to others to maintain their affordable housing assets amidst demanding and volatile construction, policy, and compliance environments.
Acquiring at-risk affordable housing assets continues to be a high priority for EAH. Given the difficulty of building affordable housing in today’s environment of social, economic and policy challenges, regional housing needs will be impossible to satisfy if for each new unit of affordable housing developed communities lose the equivalent number of units, or more, due to market rate conversions of rentals that were previously income-restricted.
As a result of our commitment and continuing efforts, the EAH Housing Stewardship Initiative has expanded and now consists of the following services:
+ Asset Management Audits
+ Property Repositioning
+ Property Rehabilitation
+ Property Management Audits
+ Property Management
+ Succession Planning
+ Compliance Monitoring
+ Market Analysis
+ Board Training
Benefit from Our Experience & Innovation
Consulting Services
EAH Housing provides a full range of consulting services. We analyze market trends, evaluate property management and compliance issues, and explore opportunities for re-positioning or redevelopment. We also offer skilled problem solving for housing communities.
Property Management
EAH Housing is an award-winning, nationally recognized property management company. We provide comprehensive customized services for any property. Nearly 40 percent of our financial portfolio is devoted to managing the properties of others.
Preservation of At-Risk Properties
EAH Housing has purchased, rehabilitated and preserved for permanent affordability, twenty at-risk properties consisting of more than 2,200 apartments.
Succession Planning for Nonprofits
EAH Housing can provide succession analysis to the Board of Directors of your nonprofit housing organization. Our expert planning can ensure the permanent health of your organization and affordability of your property.
“We consider affordable and lower-income housing to be an endangered social resource.”
Mary Murtagh, President & CEO
Acquisition and Preservation
Acquisition and Preservation
The following are examples of properties that EAH Housing has acquired and preserved through its Stewardship Program to ensure ongoing and long term affordability:
County of Alameda
Los Robles Apartments, Union City – 1996
County of Contra Costa
Crescent Park, Richmond – 1991
County of Fresno
Floral Gardens, Selma – 1996
Fountain West, Fresno – 1996
Summer Park, Fresno – 1997
Village at Kings Canyon, Fresno – 2018
County of Honolulu
Kalani Gardens, Mililani – 1996
Kukui Gardens, Honolulu – 2007
Kukui Tower, Honolulu – 1996
County of Marin
Piper Court, Fairfax – 2016
Shelter Hill, Mill Valley – 2009
County of Maui
Kahului Town Terrace, Kahului – 2009
County of Napa
Rohlffs Concordia, Napa – 2009
Rohlffs Manor, Napa – 2009
County of San Francisco
Buchanan Park Apartments, San Francisco – 1996
County of Santa Clara
Don de Dios, San Jose – 1999
Elena Gardens, San Jose – 1995
Park Place Apartments (formerly Village Avante), Morgan Hill – 1999
