Housing is an essential societal need, yet the United States is several million units short of the affordable units needed to provide basic shelter to low-income families. The supply of below market-rate housing has been severely constrained due to stringent regulations, high development and financing costs, and poor advocacy.
Aurora Peak’s strategic investment approach focuses on adaptive reuse of communities with existing multifamily amenities and features to allow cost-effective conversion into affordable housing.
Aurora Peak Capital believes that, with our knowledge of land use entitlement laws, strong relationships with local and regional owners and operators, and a dedicated construction team, we have a competitive advantage in the identification of off-market deals and execution of adaptive reuse of hotels and motels to affordable housing. We believe that identifying hotels and motels in thriving community centers and repurposing them is a compelling solution to housing shortages for low-income families, who are often utilizing government rental assistance programs.
Housing Choice Voucher Program is an effective means of increasing stability, preventing homelessness, and supporting economic success among the lowest-income families. Results of the housing vouchers indicate a 55% decrease1 in homelessness among veterans, according to the Department of Housing and Urban Development (“HUD”).
Aurora Peak’s mission focuses on Community Wellness as a core value, and aims to offer residents of its properties direct access to resources that will support and elevate their wellbeing.
