EHCI Closes $200M Multi-Investor Equity Fund
One of the properties serving people aged 55 and up is Agrihood, a 163-unit senior affordable development with a focus on sustainable agriculture in Santa Clara, Calif., that received a $40 million investment from EHP 34. The Core Cos. is developing the property in partnership with the Central Valley Coalition for Affordable Housing. Eighteen apartments will be set aside and accessible for people with mobility impairments; eight for people with hearing and/or visual impairments; and 54 for formerly homeless individuals. Supportive services will be provided to all tenants. Agrihood is part of a larger master development of mixed-income rental housing and homeownership units that will include farming plots, a small orchard, community building with café and a plaza where a farmers’ market will be hosted.