.png?width=199&height=50&name=PP-Color-Logo%20(1).png)
Pinnacle Partners + JPI Workforce Housing Fund
Delivering Value for Investors and Communities
Pinnacle Partners and JPI have partnered to invest $200+ Million of equity in workforce housing, creating a unique opportunity to address the critical workforce housing shortage and unlocking value in some of the nation’s most dynamic and underserved markets. The fund will be structured to provide attractive returns through a diversified, identified portfolio of projects designed to meet the growing need for affordable housing. It is structured as a private fund purpose-built for the RIA community.
Fund Portfolio Overview
What is Workforce Housing?
Many households with incomes that are above the levels typically targeted and defined as affordable (i.e., LIHTC, Section 8, etc.) face a lack of available housing that is attainable to them. This is where Workforce or “Middle Income” housing play a crucial role.
Workforce Housing Definition
- Can be defined by Area Median Income (AMI) serving households earning 60% - 150% of AMI
- Includes housing for individuals or families in markets where median home prices and mortgage payments significantly exceed rental costs for apartments
- Housing for essential workers, such as teachers, nurses, police officers, and retail workers within reasonable proximity to workplaces
Why Invest in Workforce Housing?
