the approach

The Essential Housing Fund delivers middle-income workforce housing through an innovative structure that reduces the cost of capital and mitigates constraints. Fifth Space combines local San Francisco Bay Area development experience, public-private execution capability, workforce housing proof points, and a vertically integrated team to deliver.

This approach seeks to address one of the most significant structural challenges facing high-cost urban markets: the lack of housing options for middle-income households who earn too much to qualify for traditional affordable housing programs but cannot reasonably afford market-rate housing.