Safehold's Innovative Ground Lease Expands Affordable Housing in Los Angeles
In a significant step towards addressing the acute need for affordable housing in Los Angeles, Safehold Inc. (NYSE: SAFE), a pioneer in the modern ground lease sector, has successfully finalized a ground lease agreement for a new residential development in the San Fernando Valley. This initiative will see the creation of 275 affordable housing units, expected to be completed by 2029. With this investment, Safehold is collaborating with The Pacific Companies, a noted developer in the affordable housing sector across the Western United States and a long-standing partner of Safehold.
Steve Wylder, Head of Investments at Safehold, expressed enthusiasm about this development. He highlighted the organization's commitment to increasing its involvement in the affordable housing market. "We are excited to deepen our partnership with The Pacific Companies on this high-quality project, particularly in a region facing considerable demand for affordable rental properties," Wylder stated. This initiative comes at a crucial time when the need for affordable living options has become ever more pressing.
The development utilizes the Low Income Tax Credit program, which is instrumental in making housing projects sustainable and economically viable. Such projects not only provide much-needed housing but also stimulate local economies, creating jobs and boosting community development.
In 2025, amid rising costs and interest rates, Safehold established a specialized team dedicated to affordable housing. Wylder pointed out that the organization’s ground lease financing acts as a low-cost solution to financial gaps in these developments, making it possible for more projects to move forward despite the financial challenges currently plaguing the sector. As construction costs escalate and interest rates remain high, Safehold's role as a reliable financial partner becomes increasingly vital.
Safehold's innovative approach to real estate ownership, centered around ground leases, has redefined how property developers access capital and maintain ownership. By allowing developers to unlock the value of the land underneath their structures, Safehold fosters an environment where quality housing can flourish without compromising on safety and returns for its stakeholders.
The Pacific Companies has a responsive track record in delivering affordable housing projects, emphasizing quality and community integration. By working with Safehold, the firm can leverage competitive financial solutions that aid in the completion of these significant housing projects.
Looking ahead, Safehold aims to expand its pipeline of affordable housing initiatives extensively. This latest project in Los Angeles stands as a testament to the organization's strategy of not only meeting the immediate housing demands but also contributing to sustainable community growth. For more information regarding Safehold’s efforts in affordable housing, interested parties are encouraged to visit their dedicated webpage at www.safeholdaffordablehousing.com.
Additional insights about Safehold and its operations can be found on their main corporate website at www.safeholdinc.com. As they continue their mission, Safehold is focused on delivering long-term value and capital appreciation to shareholders, while also championing the cause of affordable housing in urban settings, which remains a critical social issue across the country.
Steve Wylder, Head of Investments at Safehold, expressed enthusiasm about this development. He highlighted the organization's commitment to increasing its involvement in the affordable housing market. "We are excited to deepen our partnership with The Pacific Companies on this high-quality project, particularly in a region facing considerable demand for affordable rental properties," Wylder stated. This initiative comes at a crucial time when the need for affordable living options has become ever more pressing.
The development utilizes the Low Income Tax Credit program, which is instrumental in making housing projects sustainable and economically viable. Such projects not only provide much-needed housing but also stimulate local economies, creating jobs and boosting community development.
In 2025, amid rising costs and interest rates, Safehold established a specialized team dedicated to affordable housing. Wylder pointed out that the organization’s ground lease financing acts as a low-cost solution to financial gaps in these developments, making it possible for more projects to move forward despite the financial challenges currently plaguing the sector. As construction costs escalate and interest rates remain high, Safehold's role as a reliable financial partner becomes increasingly vital.
Safehold's innovative approach to real estate ownership, centered around ground leases, has redefined how property developers access capital and maintain ownership. By allowing developers to unlock the value of the land underneath their structures, Safehold fosters an environment where quality housing can flourish without compromising on safety and returns for its stakeholders.
The Pacific Companies has a responsive track record in delivering affordable housing projects, emphasizing quality and community integration. By working with Safehold, the firm can leverage competitive financial solutions that aid in the completion of these significant housing projects.
Looking ahead, Safehold aims to expand its pipeline of affordable housing initiatives extensively. This latest project in Los Angeles stands as a testament to the organization's strategy of not only meeting the immediate housing demands but also contributing to sustainable community growth. For more information regarding Safehold’s efforts in affordable housing, interested parties are encouraged to visit their dedicated webpage at www.safeholdaffordablehousing.com.
Additional insights about Safehold and its operations can be found on their main corporate website at www.safeholdinc.com. As they continue their mission, Safehold is focused on delivering long-term value and capital appreciation to shareholders, while also championing the cause of affordable housing in urban settings, which remains a critical social issue across the country.
Topics General Business）
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