EVERGREEN PARTNERS

Evergreen Partners is a real estate development company focused on the acquisition, re-development and long-term ownership of affordable rental housing. The company has offices in Maine, Massachusetts and Florida. Since 2000, we have successfully acquired and preserved over 5,500 affordable apartments across fourteen states. Most of these properties were originally built with the assistance of older federal programs such as Section 236, 221(d)(3) BMIR, and Section 8 New Construction. A typical transaction involves bringing in new sources of subsidy including Low Income Housing Tax Credits, Historic Tax Credits, Home Funds and others to comprehensively renovate the properties. These recapitalizations have ranged from the simple replacement of major systems and finishes to complete demolition and re-building. Our approach is to extend existing Section 8 contracts on a long-term basis and keep the properties affordable for the existing and future low income residents. While most of our..

Also known as: Evergreen Partners LLC

Primary location: South Portland United States