BLDG invests in essential and workforce housing to address the gap in middle-income housing.

WHAT IS THE MISSING MIDDLE?

Middle-income households are comprised of the backbone of our workforce.  These families earn too much to qualify for low-income affordable housing based on Area Median Income (AMI) thresholds but struggle to afford market rate rents.

Missing middle housing fills the critical gap between subsidized affordable housing and market rate inventory. Historically, this housing was largely comprised of duplexes and fourplexes in close-in urban locations. While demographic demand for this type of housing has remained strong, these types of homes have become increasingly short in supply.

HOW DO WE MEET THE DEMAND FOR HOUSING?

Middle Income Housings investments are made through public / private partnerships that are focused on ensuring the preservation and long-term affordability of existing multi-family communities in close proximity to employment centers. To bring these projects into service, BLDG works in partnership with forward-thinking municipalities and the California Municipal Finance Authority (CMFA), a Joint Powers Authority.

HOW DO WE IMPROVE OUR COMMUNITIES?

We apply a systematic approach to asset management in order to deliver a quality experience for residents and to provide transparent financial reporting for our public sector partners. These public / private partnerships ensure the long-term affordability of quality housing for the “missing middle” segment and result in meaningful reductions in rent for in-place tenants.

BLDG invests in long-term strategies to improve the resident experience:

• Capital improvements to address deferred maintenance
• Energy improvements to improve the resident experience and financial performance
• Streamlined operations and management with consistent, measurable performance goals
• Programming and amenities to improve the resident experience
• Partnerships with area stakeholders

We employ best-in-market managers to ensure high standards for property maintenance and operations. Paired with well-allocated capital improvements, we can improve resident satisfaction which translates to full occupancy and reduced operating expenses.