Developing Communities of Opportunity

Without a safe community, little else is possible. A lack of safety leads to poor physical and mental health outcomes as people tend to isolate, disconnect from neighbors and community and fear the execution of day to day activities.

Creating a connected community and bringing residents together is a great way to add to overall wellbeing.

Unfortunately, food insecurity is a widespread problem for many low-income families and individuals.

Encouraging a healthy lifestyle for all residents is crucial to fostering a thriving Community of Opportunity.

Economic stability has increasingly been seen as an integral aspect to ones’ health. Financial security can create longstanding opportunity our residents, and their children.

Connecting our residents to education opportunities is another key aspect of our Communities of Opportunity programming. 

Civic engagement refers to the active participation in activities oriented toward collective action, care and development of others and is an important indicator of healthy communities. 

We recognize the need to mitigate the impact that our buildings have on the environment. To uphold this commitment, we implement green building standards and are committed to providing our residents with the healthiest, most energy efficient and affordable housing possible. 

Our Communities of Opportunity programming would not be possible without a dependable and consistent method of communication. 

The social impact of arts and culture is as yet unquantified, but we believe that providing access to the arts is an essential part of building a vibrant, healthy and thriving community that promotes wellbeing. 

Access to transportation is a central aspect of a Community of Opportunity. Access to opportunity relies upon the ability to get around in an efficient way, and for an affordable price. 

Implementing a resiliency strategy at our communities is critical to ensuring that our residents remain safe and comfortable in their homes and helps future-proof our communities against physical, social and transitional risk.

Renewable Energy has always been a commitment of Jonathan Rose Companies since the very beginning. Clean energy projects of the past inspire and lay the groundwork for all of our ongoing and future developments and renovations, all in an effort to achieve 100% green power by 2021.

Our National Procurement Strategy allows us to set strict environmental and health criteria for all products and materials that enter our buildings. Alongside this effort, we are able to keep prices down as we create and build partnerships across every industry.

All our sustainability initiatives depend on the accurate and constant monitoring of data. We utilize several data platforms and monitoring systems that aid in our decision-making process and allows for routine reporting such as in our annual Impact Report.

Critical to meeting our environmental goals and restoring the health of the global climate, is our decarbonization strategy. Through a commitment to green energy procurement and converting building systems to all-electric, we are constantly pushing the boundary for the affordable housing industry.

Not all cleaning products are created equal. In fact, many cleaning products can be harmful to our residents and staff. Through our Green Cleaning Program, we are carefully vetting cleaning products through strict environmental and health criteria and implementing new technologies to push the industry forward.

Type of Loan: 221(d)(4) Sub Rehab
Loan Amount: $20,334,300

Rose Community Capital is pleased to announce the recent substantial rehab financing for Sunny Garden Apartments (4% LIHTC) located in La Puente, CA. Sunny Garden Apartments is a 95-unit senior affordable project that provides income-restricted units at 50%, 80% and 120% AMI.

Type of Loan: Bridge Loan
Loan Amount: $7,680,900

Rose Community Capital is pleased to announce the recent refinance of Normandie Lofts in Los Angeles, CA. The subject property is located in an area known as “Koreatown” or “Wilshire Center” (also historically known as “Mid-Wilshire”).

Type of Loan: 223(f)
Loan Amount: $32,463,000

Rose Community Capital is pleased to announce a recent HUD MAP “heavy” 223(f) financing for an affordable housing community known as Community Arms Apartments, in Pasadena, CA. The Owner built this project for the benefit of the community in 1973 and has continuously operated it for the past 50 years.

Type of Loan: Bridge to FHA
Loan Amount: $6,175,000

Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Ashtabula Towers, in Ashtabula, Ohio. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Ohio. The perm financing is expected to close in July, 2021. 

Type of Loan: Bridge to FHA
Loan Amount: $11,400,000

Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Savannah Summit, in Savannah, Georgia. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Georgia. The perm financing is expected to close in June, 2021.