Workforce Housing

Strategic Partnership Corporation is emerging to the forefront of multifamily housing development, with a specialization in private-public partnerships, particularly in workforce housing projects with intricate regulatory requirements. Committed to providing top-tier affordable housing solutions, the corporation works closely with municipal partners to turn development visions into reality.

Their workforce housing developments cater to individuals earning between 60 and 120 percent of the area median income, including essential workers like police officers, firefighters, teachers, healthcare professionals, and more. By implementing their P3 structure, Strategic Partnership Corporation directly benefits moderate to middle-income earners who often struggle to find housing near their workplaces and do not qualify for government-subsidized housing.

Beyond addressing a critical community need, workforce housing projects can bring significant financial benefits to cities and towns, generating revenue without any upfront costs for construction.

The experienced Strategic Partnership Team, comprising diverse experts in architecture, development, construction, property management, engineering, and underwriting, provides leadership throughout the workforce housing development process. They excel in navigating the complexities of Area Median Income restricted rents, construction risks and costs, and ongoing property management obligations for mixed-income properties.

Driven by a commitment to developing high-quality real estate assets for public entities, Strategic Partnership Corporation ensures that their workforce housing reflects the needs and values of the community it serves.

With a track record of delivering workforce housing projects on time and within budget, the corporation has successfully financed all their workforce housing initiatives. Whether it’s housing for staff, faculty, public servants, or community members like artists, the corporation, under the Servitas umbrella, offers comprehensive services spanning Planning, Design, Building, Financing, Operation, and Maintenance.

For those considering workforce housing development projects, Strategic Partnership Corporation encourages engaging in a consultation session prior to issuing requests for proposals or qualifications to explore how they can contribute to the success of the project.