Impact

Building on Success

ABOUT US

GROWING COMMUNITIES, IMPROVING LIVES
2018 IMPACT REPORT


CHARTER SCHOOLS

3 closings and 1 commitment

2,469 students served with
88.50% qualifying for free lunch
$64.7 million total development cost

$41 million CDT amount

MULTIFAMILY

2,847 family units
483 senior/special needs units

10,300 = estimate of people
housed in 19 states

PROXIMITY

76% of units are within 1/3 mile of
public transport; 15 properties have
transit on site

Average distance to a grocery store is
1.37 miles and to a school, 0.8 miles

91% have community facilities on site and
38% have social services

71% have green features including
LEED Platinum, Emerald, Earthcraft
and state certifications

100 % of properties have
broadband infrastructure

INCOME LEVELS SERVED

Unit Affordability @
Area Median Income

27.5% of units under 50% AMI
35.3% of units under 60% AMI
13.0% of units under 80% AMI
24.2% of units at market

WEIGHTED AVERAGE
TENANT RENT ADVANTAGE
TO MARKET 19.7%

 

TOTAL DEVELOPMENT COST: $532.8 million
CDT amount: $128.4 million
CDT average:

Mortgage $3.2 million
Equity investment $7.6 million

CDT percent of TDC 24%
Neighborhood Median Incomes

Census tract with highest: $136,235
Census tract with lowest: $18,789