Blockchain Registration Transaction Record

AREF and Partners Acquire Echo Apartment Homes to Boost Workforce Housing

AREF acquires Echo Apartment Homes in a $12.3M deal to expand affordable workforce housing in San Bernardino, showcasing effective public-private partnerships.

This transaction is a critical step towards alleviating the housing affordability crisis in Southern California, offering a model for how public-private partnerships can swiftly provide quality, affordable housing for the workforce. By focusing on existing properties, AREF's program delivers immediate benefits to communities, helping to bridge the gap between subsidized housing and market-rate rents. This approach not only supports moderate-income families but also contributes to the economic stability and growth of the region.