Making homes affordable
What we do
Nowhere in America can a minimum wage worker afford a two-bedroom apartment. What’s more, with an aging population and lack of retirement security funds, the shortage of affordable housing is acute.
We develop, build, and renovate rental housing that is financially within reach for low-income families, seniors, and those with disabilities. And we make them beautiful and sustainable. Sometimes we develop, own, and outsource the management of our properties. Sometimes we just play a role in the development or preservation. To us, it’s about the best way to work with partners to financially structure and build more affordable housing units, no matter how it gets done.
Smart and sustainable building
The Paces Foundation takes great pride in constructing affordable single and multifamily homes that are sustainable for the future.
That means:
- Sourcing materials harvested and manufactured within 500 miles of our sites
- Recycling and reusing water and materials
- Installing ENERGY STAR appliances, energy-efficient windows, and water-saving fixtures
- Harnessing natural light and fresh air
Our properties continue to be recognized with Leadership in Energy and Environmental Design (LEED) awards.
LEED PLATINUM
Panama Commons
Panama City, FL
U.S. Green Building Council
LEED GOLD
Highland Manor
Cumming, GA
U.S. Green Building Council
2012 Innovation in LEED Awards Finalist
Galleria and Whitehall Manors
Atlanta Business Chronicle
ENERGY STAR Version 2.5 June 2012
Las Brisas Manor, Del Rio, TX
U.S. Environmental Protection Agency
LEED GOLD
Galleria Manor
Smyrna, GA
U.S. Green Building Council
EarthCraft Multifamily
Shoal Creek Manor
Locust Grove, GA
Greater Atlanta Home Builders Association and Southface
LEED PLATINUM
Fairfiled Manor
Pensacola, FL
U.S. Green Building Council
LEED GOLD
Whitehall Commons
Cleveland, GA
U.S. Green Building Council
LEED GOLD
Whitehall Manor
Cleveland, GA
U.S. Green Building Council
What is affordable?
It’s a nationwide problem. Housing has become more expensive while wages and fixed incomes haven’t kept up. Often an average rent requires earnings of $30 per hour or more.
Affordable housing means a household can pay for rent and have money leftover for other necessities like food, healthcare, and transportation. The Paces Foundation works with a coalition of partners to create housing that rents for up to 80% of the area median income (AMI) where residents live. Rents are established at each individual property. To find out more details, check out our properties, organized by state.
Community viewpoint
The Paces Foundation has developed, preserved, and owned more than 3,000 units across the United States. Residents of these properties tell us how much being able to live there has changed their lives.
Brownsville Manor, an 88-unit affordable housing community for seniors in Pensacola, FL, is a prime example. There, seniors 62+ years old enjoy a variety of activities, including swimming, gardening, and checking out books from the onsite library.
Not only are the one- and two-bedroom homes affordable, but their energy-efficient amenities help keep utility bills low. Find out what residents are saying in this video.
Location, location, location
Click on the state or location to see our beautiful, sustainable affordable homes—36 properties and growing.
Our community impact >
After Hurricane Michael destroyed more than 90% of Panama Commons apartments in 2018, The Paces Foundation relocated residents and rebuilt the property. In 2019, a homecoming celebration for residents welcomed home the displaced individuals and families.
Resident services
We help create communities of support. Our properties feature plenty of shared spaces—playgrounds, pools, gazebos, libraries, exercise rooms, and clubhouses—so residents have a chance to connect.
A few of the activities that encourage interaction among residents are community gatherings, clubs, workshops, and computer and exercise classes.
We believe these resident services play a huge role in building a network of support and fostering communities that care.
Want to live here?
If you’re interested in becoming a resident of one of our communities, please contact the property office at the location of your choice. There you will find all the information you need to get started.