Inclusionary
California public policy favors inclusionary housing, the planned integration of housing types and participants in each community. Inclusionary housing consists of rental and for sale housing that is affordable to households from a broad portion of the economic spectrum.

Special Needs
Certain segments of the population have special housing and service needs. Typical special needs populations include seniors, disabled, developmentally disabled, and recently homeless persons. The Company has developed housing projects that include physical features, amenities and services that make them suitable to special needs residents.

Rural
One of the Company’s specialties is developing apartment communities in small communities located in rural areas. These rural communities frequently have a housing stock that is substandard and unsafe. The Company has developed rural projects ranging from 10 to over 100 units.

Redevelopment
A Redevelopment or Revitalization project is one that is developed in an area that is designated as a focus of redevelopment efforts by a city or redevelopment agency. Such areas are normally somewhat blighted, have dilapidated buildings that do not conform to health and safety codes or zoning ordinances, high crime, etc. The idea of redevelopment is to replace the old uses and buildings with new development or restoration of buildings. Petco Park is a redevelopment project, as is Market Square, De Anza, Hotel San Carlos, and St. Regis. The method is to repair or replace the old buildings, drive out the bad uses and bad people, and improve public safety. The effort usually requires public investment to get it started and private investment to keep it going.

Acquisition / Rehabilitation
“Acquisition / rehab” projects are existing apartment communities that range from a few years to many decades old. The projects are acquired with the purpose of renovating and modernizing them to the greatest extent possible.