“We’re making a difference by creating and preserving high-quality Affordable Housing.”
- — Alice Carr, CEO of April Housing
Largest Private Sector Commitment to Preserving Affordable Housing
April Housing is Making an Impact – at Scale
In 2022, April Housing made the single largest private sector commitment to preserving Affordable Housing. Under the leadership of our CEO Alice Carr and with backing from Blackstone Real Estate Income Trust (BREIT), our commitment ensures long-term Affordable Housing for our communities.
Long-Term Commitment to Preserving Affordability
Launching Resyndication Platform
In 2023, April launched its tax credit resyndication platform, where the company applies for new tax credits to reinvest in communities and extend affordability long-term.
In the first year alone, April is on track to apply for bonds and tax credits on 18 assets to renovate and extend affordability of 4,000 Affordable Housing units in Texas, Ohio, and Nebraska.
Reversing Qualified Contracts
In 2022, April Housing withdrew the prior owner’s application to convert an Affordable Housing community to market rate, allowing us to preserve the long-term affordability of 238 apartments in High Ridge, Missouri.
April Housing does not pursue qualified contracts.
Creating New Affordable Housing
Supporting Non-Profit Partners
Non-profits are critical to the Affordable Housing industry. April Housing has taken substantive steps to honor the role and rights of these important partners.
April Housing voluntarily withdrew or resolved the three inherited lawsuits involving non-profits, and freely conveyed nearly 700 units to three non-profit developers. Further, April Housing provided two organizations with $1.5 million in financial support for their resident services, to bolster their missions.
Ownership Transfers that Make Sense
Honoring Non-Profit Rights
“Thirteen years ago, I was looking for a safe community to raise my kids. Villa Serena gave my family a safe and affordable place to live. Growing up in Villa Serena gave my daughter hope for her future and made it possible for her to look for something bigger. She is now a student at Stanford University.”
—Resident & Single-mother at Villa Serena in Los Angeles for 13 years
April Housing makes a substantive impact through our collaboration with nonprofit partners and extensive resident services network. These crucial programs and resources are provided at communities across the April Housing portfolio, ranging from homework assistance, computer labs, financial literacy, and health and wellness education. For more information about our events, please click here.
April Housing is working to enhance community wellness and access.
Access to Broadband
April Housing is working with partners and stakeholders to close the digital divide by expanding access to broadband/Wi-Fi for our residents across the country.
Building Credit through Rent Reporting
April Housing is partnering with Esusu to help residents grow their credit score by reporting on-time rent payments to the credit bureaus.
Providing Crisis Relief
April Housing provides immediate relief and support to our residents.
Accommodating Residents During COVID
Zero Evictions – April Housing chose not to make a single eviction for non-payment for over 2 years after the onset of COVID-19.
- • Exceeded federal regulations as well as certain local regulations.
- • Voluntarily waived fees, implemented flexible payment plans, and offered free counseling to residents who needed assistance.
Rent Program – To help residents get back on their feet after COVID, April Housing offered one-time forgiveness of past-due rent for residents who committed to paying rent on time and in full going forward. This policy provided residents with an achievable path to return to good standing and remain in their homes.
Maui Wildfire – Front Street Apartments
When wildfires ravaged the island of Maui in August of 2023, Front Street Apartments was among those destroyed. Even as the fire raged, the heroic actions of our on-site property management staff allowed for the safe evacuation of all residents, more than 260 people.
In partnership with our property manager, Cirrus, and Blackstone, April Housing provided immediate relief and assistance to residents of Front Street Apartments.
- • We contacted every resident to connect them to food, clothing and FEMA resources.
- • With Blackstone’s support, April made an unrestricted cash payment of $3,000 to each household.
- • We also immediately refunded security deposits and prepaid rent–$1,700 per household.
Front Street Apartments’ on-site staff.