Fund I · Pilot
Residency at the Entrepreneur
Hollywood, Los Angeles · Senior-focused affordable housing
Completed May 2026 · in lease-up
200apartments
2027credits begin
59%avg AMI
Apartment mix
191 studios · 9 two-bedroom
Affordability (% of Area Median Income)
30% 38 50% 2 60% 63 70% 92 80% 3 Mgr 2
By the numbers
Construction9-story Type I-A concrete mid-rise
Development cost$133.0M
Federal tax credits (10 yrs)$51.2M
California tax credits—
Permanent financingC-PACE
Refinance / exit2042
Investor admission2027 · after perm loan & 90%+ occupancy
Construction progress →
Fund I · Pilot
Residency at Empire I
Burbank · Family affordable housing
Completed June 2026 · in lease-up
148apartments
2027credits begin
50%avg AMI
Apartment mix
74 one-bedroom · 37 two-bedroom · 37 three-bedroom
Affordability (% of Area Median Income)
30% 66 50% 17 60% 28 80% 34 Mgr 3
By the numbers
Construction7-story: Type III-A wood frame over 2-level concrete podium
Development cost$128.8M
Federal tax credits (10 yrs)$49.4M
California tax credits$26.8M
Permanent financingC-PACE
Refinance / exit2042
Investor admission2027 · after perm loan & 90%+ occupancy
Construction progress →
Fund II
Residency at Sky Village
Hollywood / East Hollywood, Los Angeles · High-rise transit-oriented affordable housing
Under construction · completion Q4 2029–Q1 2030 · pre-leasing from March 2029
523apartments
2031credits begin
50%avg AMI
Apartment mix
186 studios · 320 one-bedroom · 17 two-bedroom
Affordability (% of Area Median Income)
30% 261 50% 44 60% 20 70% 76 80% 117 Mgr 5
By the numbers
Construction37-story Type I-A concrete high-rise
Development cost$393.2M
Federal tax credits (10 yrs)$169.6M
California tax credits$2.6M
Permanent financingC-PACE
Refinance / exit2046
Investor admission2031 · after perm loan & 90%+ occupancy
Construction progress →
* Fund and investor figures reflect the Fund's 99.99% limited-partner interest in each project partnership, so they differ slightly from the total credits allocated to each project.
