Affordable Housing Ventures

Real Estate Investment Fund

Affordable Housing Ventures

Real Estate Investment Fund

Affordable Housing Ventures

Real Estate Investment Fund

Our Mission

To offer people, who are integral to our community’s health and well-being, a way to live near their places of work.

43M

Americans struggle to afford their homes*

71%

Spend half their income on rent & utilities*

Our Concept

The Affordable Housing Ventures Real Estate Investments seeks to preserve and improve affordable workforce housing properties for low and middle-income workers in the San Francisco Bay Area. The Fund offers investors healthy financial returns while making communities more vibrant and resilient.

What We Believe

• Communities are stronger when essential service providers like teachers, firefighters, nurses, police officers and their families live in the communities they serve.
• Preserving affordable housing for these important members of our society is the best way to give them a stake in our community’s success.
• Offering investors a healthy financial return for investing in affordable workforce housing for essential community members will help build vibrant, resilient communities.

Our Solution

We’ve set up the Affordable Housing Ventures Real Estate Investment Fund so that individuals, communities, and investors profit.

Want to help build a healthy and enduring community?

Join us in this necessary and important work.

Contact Bruce Bean for more information.

Affordable Housing

There is a large unrealized need for affordable housing units throughout the country. Although many local governments incorporate well established programs for assisting qualified individuals and families, the affordable housing gap continues to grow. One reason for the growing gap is the unwieldy process that affordable housing programs follow to secure financing. In today's fast-moving, highly competitive, real estate markets, this makes it very difficult for nonprofits to respond quickly enough to secure naturally affordable properties.

Case Study

1110 Cypress Avenue, San Mateo, CA 94401

1110 Cypress Avenue was originally purchased in May of 2015, and sold to HIP Housing in May of 2016. This 16 unit apartment building was dramatically improved both physically and financially over the 12-month transition period.

Affordable Teacher Housing

Additional Case Studies

Business Overview

Using a pool of funds from private interests, affordable housing programs, and government agencies, AHV will respond to market opportunities by acquiring naturally affordable properties that meet predetermined criteria, and holding them until affordable housing buyers obtain their financing. AHV’s service will include converting properties to qualified affordable housing units. After conversion, each property will be sold to the affordable housing program that participated in the funding, based on terms established in the funding agreement. This will preserve naturally affordable properties from being bought by market-rate owners that want to convert the units to much higher rents and displace the tenants that cannot afford substantial rental increases.

Initial Funding

To provide funds for AHV’s first year operations and support acquisition and transition of our initial target of 60+ housing units per year, we are seeking investment from interested individuals and government programs and non-profit organizations promoting affordable housing programs.

Support Includes

•  Referring AHV to government agencies and private interests who support affordable housing in San Mateo County.
•  Providing seed financing for AHV.
•  Identifying terms for funds that will be used to support first year’s operations, including underwriting property acquisitions and conversion.

Contact Bruce Bean for further details on a business plan.

Team

Bruce Bean

CEO
Rick Raybin

CFO
Billy DeMartini

Sr Property Mgr

Advisory Board

Nori Jabba
Tod Spieker
Kate Comfort Harr
Bryan Neider
J. Anthony Villanueva
Paul Taylor
Elizabeth Coston McCluskey

Affiliates, Sponsors & Investors

What housing specialists say

AHV has created a path for increasing the availability of affordable housing using existing housing stock and represents innovative problem solving at it's best.
Kate Comfort Harr
HIP Housing
AHV a is very timely, innovative catalyst for change. This brings together a wonderful cross-sector collaboration between for-profit, non-profit and government agents.
Tod Spieker
Windy Hill Property Ventures
This is an effective, responsible method of impacting the local economy and overall community.
Elizabeth Coston McCluskey
Impact Engine

CONTACT

Contact Us.

(650) 685-1644

Bruce Bean

CEO

Former HIP Housing & HIP Housing Development Corporation Board
President, Sole Owner and Founder of The Trafton Group
Former President of Beavers, Bean and Hale Associates

Rick Raybin

CFO

Current Lifetime Capital Group CEO & Wealth Management Advisor
Former CFO RREEF Funds
Former CPA Cooper & Lybrand

Billy DeMartini

Sr Property Mgr

COO, Founder Broker of Earth Real Estate

Nori Jabba

With more than 20 years of cross-sector experience, Nori brings both big picture and detail skills to client projects and loves to help companies, organizations and projects grow and develop through strategic communications, planning, partnerships and relationships. Prior to starting Jabba Development Strategies, Nori worked as Director of Public and Community Affairs for a real estate developer and as a Business Analyst, Planning Analyst and Senior Real Estate Portfolio Manager for PG&E. She has an extensive network of key contacts and public officials throughout the San Francisco Bay Area and on the state and national level and was awarded Business Woman of the Year by the Redwood City-San Mateo County Chamber of Commerce in 2011.

As a dedicated community leader, Nori has volunteered for and helped support numerous community non-profits over the years and served on several boards and committees. Key areas of support include affordable housing, historic preservation, and education. An accredited new urbanist, Nori is passionate about placemaking and smart growth and holds a Master’s degree in Urban and Regional Planning from George Washington University and a B.A. from Grinnell College. She is a writer in her free time.

Tod Spieker

Investment Committee Chair
Founder of Windy Hill Property Ventures

Kate Comfort Harr

Affordable Housing Advisor
Executive Director of HIP Housing

Bryan Neider

Bryan Neider, CEO, joined Gatepath after serving on the Board of Directors for nearly 15 years. As a Board Member, Bryan served as Treasurer and Finance Committee Chair and became a strong advocate for Gatepath’s Employment Services.

Prior to joining Gatepath, Bryan was a Senior Vice President within Electronic Arts’ (EA) Global Publishing and Marketing organization. Bryan spent over 25 years with EA and oversaw initiatives aimed at improving operating efficiency, product quality, business innovation and overall business performance. During his tenure at EA he served in a number of different roles, including managing EA’s global business development efforts, managing EA Partners, corporate finance, CFO and COO for EA.com, CFO of Worldwide Studios, COO for EA’s global development organization and most recently as head of EA’s Global Operations team.

Bryan earned his BA Degree in History from Santa Clara University and his MBA from CSU, East Bay. Bryan is also a Certified Public Accountant and the Founder of Climb4aCure, a nonprofit supporting diabetes education and outreach. Bryan is an active volunteer at both of his alma maters, serves on the boards of three technology start-ups and he is an advisor to a venture capital fund in the Silicon Valley.

Bryan lives in Menlo Park with his wife and they have four children. Bryan enjoys mountain climbing and backpacking and is looking forward to giving back to the community.

J. Anthony Villanueva

Attorney, Lakin Spears LLP

J. Anthony Villanueva has practiced law since 1981. He joined Lakin Spears, LLP in 1983, and became a partner in 1989. In his real estate practice, Tony represents individuals, developers, and investors in all aspects of acquiring, owning, managing, leasing, and disposing of commercial and residential real estate. He prepares and negotiates real estate purchase and sale agreements, secured and unsecured real estate loan documents, loan opinion letters, construction contracts, architectural contracts, property management agreements, tenancy in common agreements, easements, licenses, CC&Rs, REAs, and a wide variety of other real estate related documents. Tony has extensive experience in reviewing and resolving real estate title matters. In addition to preparing and negotiating a wide range of commercial leases on behalf of both landlords and tenants, he advises both landlords and tenants on a variety of landlord-tenant issues. Tony is also a licensed real estate broker.

Tony’s business practice includes the formation and organization of business entities, providing on-going advice to businesses, documenting the internal actions of business entities, negotiating a wide variety of contracts on behalf of businesses, employees and contractors, and the representation of both sellers and buyers in the acquisition and sale of businesses.

Tony is also active in his community. He is the past president of the Human Investment Project (HIP Housing). He is also active in the Notre Dame High School Dad’s Club, the Serra High School Father’s Club, an Assistant Scoutmaster of Boy Scout Troop 42 of San Mateo, and a member of the San Mateo Rotary Club. Tony has served in the past on the Board of Directors of the San Mateo County Legal Aid Society and on the Board of Directors of the Hispanic Chamber of Commerce of Silicon Valley.

Paul Taylor

Property Management Advisor
Affordable Management Consultant

Elizabeth Coston McCluskey

Impact Investing Advisor
Impact Engine Senior Associate