Ellavoz Now Preparing for Vertical Construction
Ellavoz Impact Capital (EIC), a leading real estate impact investment and management firm, has announced the completion of the site work for its new project - Cedar Creek Estates. The company plans to begin vertical construction this April. Located within an Opportunity Zone in Jacksonville, Florida, this innovative build-to-rent single family residential community will help satisfy the growing demand for affordable high-quality housing in Jacksonville. The project, with an estimated cost of $14 million, will transform nine acres into 45 comfortable single-family homes. EIC is committed to creating a living environment that not only provides much-needed housing but also encourages a strong sense of community for its residents.
Robert Hutchins, Founder and CEO of Ellavoz Impact Capital, stated, “Our Ellavoz team and impact investors are extremely proud to be part of Jacksonville’s redevelopment. As a veteran and first responder preference community, we will serve the people who protect and care for us.”
Other key highlights of the Cedar Creek Estates project include:
Diverse Home Sizes: The community will feature a variety of living spaces to suit the needs of different families and individuals. The single-family homes will range in size from 1200-to-1650 square feet, offering residents flexibility and choice in their living arrangements.
Build-to-Rent with an Opportunity Toward Homeownership: Ellavoz Impact Capital recognizes the rising popularity of the build-to-rent model and Cedar Creek Estates is designed to meet this demand. This approach offers renters the opportunity to enjoy a modern and well-maintained living space combined with the flexibility of leasing. Additionally, residents who qualify may participate in Ellavoz’s unique homeownership program. This program will help position residents to ultimately purchase the home they have been renting.
Commitment to Community: Ellavoz Impact Capital is dedicated to enhancing the quality of life for all residents within Cedar Creek Estates by incorporating energy efficient features and well-designed public spaces with the goal of fostering a sense of community and well-being.
About Ellavoz Impact Capital:
Ellavoz Impact Capital, LLC, (EIC) is a social impact investor, advisor, asset manager, and real estate developer focused on creating and preserving workforce and affordable housing and other community-oriented real estate properties. EIC's strategy concentrates investments into price-attainable housing and economic development projects by working with socially aligned operators, local nonprofits, and governmental agencies to deliver positive community outcomes and double bottom line returns.
With locations in Florida, New Jersey and the Carolinas, Ellavoz currently has total managed and controlled assets with a value approaching $300 million. EIC is comprised of certified public accountants, attorneys, as well as real estate, finance, and economic development professionals. The team has both private sector experience and decades-long experience leading large community development financial institutions and nonprofit organizations. Collectively, the management team has led transactions with a total capitalization value of nearly $3 billion.
For more information about Ellavoz Impact Capital, visit our website at Ellavoz.com.
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