Affordable Housing Development

Creating Flourishing Communities

For nearly 40 years, TEDc has been committed to creating an inclusive economy, because we all thrive when everyone can contribute.

Our contribution is to build housing that helps level the playing field for low- and middle-income families. We partner with community leaders and municipalities to find innovative ways to repurpose available land. At the same time, we have the expertise needed to secure public and private funding for the projects we undertake.

We’re able to use our experience and long-standing relationships to come up with creative solutions to address the shortage of affordable housing, while developing dynamic communities that are a joy to live in.

Affordable Housing: Empowering People to Drive Progress

At TEDc, we don’t just construct buildings. We take a three-pronged approach to developing affordable housing, so that it serves the needs of everyone involved.

Places

What one person sees as “housing” is another person’s home. We work to develop vibrant communities that meet residents’ needs, while fitting in with the broader community.

People

We don’t just develop properties. We build meaningful relationships with people, from our residents to the partners who make our work possible.

Progress

We move the community forward so residents are empowered to achieve their goals, and affordable housing becomes an engine for investment and economic growth.

“I’ve worked hand-in-hand with TEDc for a number of years. They take every opportunity to advocate for initiatives that serve the entire community while addressing the needs of seniors, children and families, and young people so that they can rise and thrive. Every TEDc housing development starts with the premise that the economic enhancement of the community is foremost and is equipped with programs that support the empowerment of each resident, to enable prosperous neighborhoods, and to advance an even greater Miami. They’re a model for what affordable and workforce housing should be across the country”

Jeffrey Watson, Former Commissioner, City of Miami

Partnerships for Affordable Housing

TEDc partners with a variety of organizations to develop housing that helps build the progress of communities and the people who live in them.

Lenders

Lenders provide us with the capital we rely on to carry out complex building projects. By securing financing and construction loans from private lenders as well as funding from government entities, TEDc can get more done—faster.

Investors

Investors provide land where TEDc properties are constructed, as well as financial support for projects. We work with both public and private investors, among them individuals, enterprises, municipalities, churches, and universities. Together, we develop creative solutions for underutilized land that benefit both residents and investors.

Municipalities

Municipal leaders are under constant pressure to resolve issues caused by a deficit of affordable housing in their area. Their support not only helps ensure that our projects get built, but also that they’re woven into the fabric of the communities they serve.

Community Leaders

TEDc partners with community leaders—including faith leaders, non-profit organizations, colleges, and universities—to find creative ways to repurpose underutilized land, such as building affordable housing units above an existing parking lot. And when community leaders embrace affordable housing, their support helps us get buy-in from others to help us build thriving communities.

Partnerships for Affordable Housing

TEDc partners with a variety of organizations to develop housing that helps build the progress of communities and the people who live in them.

Lenders

Lenders provide us with the capital we rely on to carry out complex building projects. By securing financing and construction loans from private lenders as well as funding from government entities, TEDc can get more done—faster.

Investors

Investors provide land where TEDc properties are constructed, as well as financial support for projects. We work with both public and private investors, among them individuals, enterprises, municipalities, churches, and universities. Together, we develop creative solutions for underutilized land that benefit both residents and investors.

Municipalities

Municipal leaders are under constant pressure to resolve issues caused by a deficit of affordable housing in their area. Their support not only helps ensure that our projects get built, but also that they’re woven into the fabric of the communities they serve.

Community Leaders

TEDc partners with community leaders—including faith leaders, non-profit organizations, colleges, and universities—to find creative ways to repurpose underutilized land, such as building affordable housing units above an existing parking lot. And when community leaders embrace affordable housing, their support helps us get buy-in from others to help us build thriving communities.

“What makes housing affordable is the cost of the money used to build a community—not the quality, aesthetics, and amenities. So if you look at a property and immediately think, ‘oh, that looks like affordable housing,’ then the developer hasn’t done their job.”

Crystal Jackson, Development Manager, TEDc

Who Benefits from Workforce Housing

A mismatch between salaries and rent prices means that even middle-income families may not be able to afford market-rate housing.

The workforce housing communities that TEDc builds offer an affordable home to mail carriers, first responders, teachers, and government employees. Likewise, caregivers such as home health aides and daycare workers—as well as retail employees and food service workers—also benefit from workforce housing.
It’s hard to envision how our communities would function without firefighters, nurses, or pharmacy technicians. Yet when they can’t afford to live in the communities they support, they’re forced to relocate, leading to a shortage of qualified essential workers. And if services can’t be provided, it’s difficult to encourage companies to invest in the area and bring new jobs.
In other words, workforce housing supports individuals and families—but it also drives growth and stability in the surrounding area.

Let’s build a lasting legacy together.

 

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