HLD 2021 Workshop Double the Trouble: Recapitalizing Light Tree Apartments

Workshop Summary

Track: Policy, Progress & Justice

Eden Housing inherited Light Tree Apartments project several years ago. It wasn’t in great shape when we got it but Eden couldn’t renovate it at the time because it was still in its old limited partnership structure. Thankfully, Eden and its partners at EPA CAN DO and the City of East Palo Alto, came up with a solution that not only financed the portfolio recapitalization but also doubled the number of homes on the site! Hear how the team worked with the State to rewrite the rules on TCAC scoring, secured free WIFI for the residents, and received the top score for a Cap & Trade project.

Panelists

Duane Bay, Executive Director, EPACANDO

Patrick Heisinger, Assistant City Manager, City of East Palo Alto

Weijia Song, Senior Project Developer, Eden Housing

Angah Miessi, Board of Directors – Chair, EPACANDO

 

Workshop Convener: Eden Housing