HRAH is an urban affordable housing concept .
Upscale rental units (and condos) in the downtown core developed by the private sector, affordable at 1/2 of market rates without the use of any subsidies.
Overarching Mission
Benefits to HRAH
HRAH creates non-subsidized, upscale, affordable housing utilizing new elements and reengineered components of real estate development
Takes advantage of potential “arbitrage” by combining a unique ownership structure, creative financing, and government cooperation to entice credit tenants into the urban core.
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When people are priced out of living in the city, a region’s quality of life and economic future is threatened