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Workforce Housing

From the 1940’s to the 1990’s, working class wages remained consistent with costs of living for the most part. That coupled with the introduction of the 30-year amortizing loan made owning a home a reality for most middle-income earners. Then the early 2000’s saw a growing disproportion between wages earned and costs of living, making it increasingly difficult for middle income earners to own a home, and the concept of Workforce Housing emerged. Though it has evolved a lot over the last ten years, today it is generally regarded as preserving existing multi-family structures and making rents reasonably priced for households that earn a living wage but still struggle to afford market housing.

In recent years, a notable advancement in Workforce Housing has been the goal not just to provide comfortable, attractive homes but to strengthen the social impact.  Through local community outreach, programs are developed to link residents with services like health care screenings and after school activities, educational programs on topics from legal advice to finance management, and other amenities aimed at improving resident retention and building thriving communities.

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Products

Fannie Mae

Freddie Mac

FHA

USDA

Life Companies

CMBS

In the News

Bellwether Enterprise Hires Tarter to Head Workforce Housing and Social Impact

2019-07-03

Bellwether Enterprise Hires Tarter to Head Workforce Housing and Social Impact Bellwether Enterprise Real Estate Capital LLC, Cleveland, created a Workforce Housing and Social Impact team and hired four new staffers in Dallas. Anthony Tarter will head the team, joined by Assistant Vice President Drew Oden.

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Dallas, TX

Anthony Tarter Joins Bellwether Enterprise; Oversees New Team

2019-06-28

Anthony Tarter joined Bellwether Enterprise as Executive Vice President and Director of the company’s new Workforce Housing and Social Impact Team. Tarter comes to the Ohio-headquartered commercial and multifamily mortgage banking company’s Dallas office from PGIM Real Estate Finance.

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Dallas, TX

Find Your Workforce Housing Specialist

Bellwether’s Workforce Housing team is led by Anthony Tarter, Executive Vice President and Director of Workforce Housing & Social Impact.  Anthony brings with him 17 years of industry experience and understands the value of workforce housing and what it can do for families who would otherwise be priced out of the market. Bellwether recognizes this increasing need to preserve and improve Workforce Housing, and we are pleased to bring innovative housing options to middle income earners through flexible financing solutions for our clients and investors.

Anthony Tarter

EVP, Director of Workforce Housing and Social Impact

Andrew Oden

Vice President

Representative Transactions

© 2020 by Bellwether Enterprise Real Estate Capital, LLC, a subsidiary of Enterprise Community Investment, Inc. Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. As a subsidiary of Enterprise Community Investment, Inc., we support its mission of creating and preserving affordable housing in thriving communities. With an unwavering commitment to regional expertise and unmatched customer service, we are making an impact beyond the bottom line.  We provide a variety of loan products from Life Insurance Companies and Pension Funds, Freddie Mac Targeted Affordable Housing Lender and Optigo® Lender, Fannie Mae Delegated Underwriting and Servicing (DUS®) - Multifamily Affordable and Market Rate Housing Lender, FHA, USDA and CMBS to name a few. We are Capital on a Mission. 

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