Ellavoz Impact Capital Closes on Workforce Housing SFR BTR Nine Acres in Jacksonville, Florida
July 26, 2023 10:00 AM Eastern Daylight Time
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Ellavoz Impact Capital, a leading real estate impact investment and management firm, is proud to announce the acquisition of property for its latest groundbreaking project - Cedar Creek Estates. Located within an Opportunity Zone in Jacksonville, Florida, this innovative build to rent single family residential community will help satisfy the growing demand for affordable and high-quality housing in Jacksonville. The project, with an estimated cost of $14 million, is set to transform nine acres into a vibrant community comprised of 45 charming single-family homes.
Cedar Creek Estates will be meticulously designed to address the increasing need for affordable housing solutions in the Jacksonville area. Ellavoz Impact Capital is committed to creating a sustainable living environment that not only provides comfortable homes but also fosters a strong sense of community and belonging for its residents.
Key highlights of the Cedar Creek Estates project include:
Diverse Home Sizes: The community will feature a variety of living spaces to suit the needs of different families and individuals. The single-family homes will range in size from 1200- to 1700- square feet, offering residents flexibility and choice in their living arrangements.
Build-to-Rent with an Opportunity Toward Homeownership: Ellavoz Impact Capital recognizes the rising popularity of the build-to-rent model and Cedar Creek Estates is designed to meet this demand. This approach offers renters the opportunity to enjoy a modern and well-maintained living space as well as the flexibility of leasing. Additionally, residents who qualify may participate in Ellavoz’s unique homeownership program. This program will help position residents to ultimately purchase the home they have been renting.
Commitment to Community: Ellavoz Impact Capital is dedicated to enhancing the quality of life of all residents within Cedar Creek Estates by incorporating energy efficient features and well-designed public spaces with the goal of fostering a sense of community and well-being.
"We are thrilled to unveil Cedar Creek Estates, a project that not only aligns with our vision for sustainable real estate development but also allows us to create a positive impact within the Jacksonville community," said Robert Hutchins CEO of Ellavoz Impact Capital. "By providing much-needed affordable housing options inside an Opportunity Zone, we hope to contribute to the area's growth while offering comfortable and modern living spaces for our valued residents."
Ellavoz Impact Capital will commence construction on Cedar Creek Estates immediately, with an estimated completion date in 2024. For updates and additional information, please visit ellavoz.com.
About Ellavoz Impact Capital:
Ellavoz is an impact investment and asset management firm that focuses on sustainable community development. The company manages the three Ellavoz Shared Values Opportunity Funds, Ellavoz Neighborhood Homes Fund and the Ellavoz Impact Angel Network. Ellavoz investors represent high net worth individuals, family offices, and businesses that believe innovative investing in underserved communities will result in positive financial and social impact returns.
Contacts
For media inquiries, please contact:
Chris Ferry
Chief Marketing Officer
732.616.8847
chris@ellavoz.com
