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September 29, 2021

By: Jackie Kingston

Food shouldn’t be an impossible choice.

For more than 40 low-income seniors at the Marabella apartment complex in Amarillo, thanks to the High Plains Food Bank, it isn’t.

“It’s just been a godsend that they’ve been able to bring the food and I can ensure that nobody here is going to go hungry” Portfolio Resident Services Coordinator for the Good Neighbor Program, Nikki Garcia said.

Garcia adds, “The ladies here also are great about helping each other out. We have a food pantry. So any of the products that they feel they’re not going to use, they’ll bring it down and put it in the food pantry. So if somebody runs low, all they have to do is come grab something in the food pantry. I never have to worry because of the High Plains Food Bank, that my seniors we’re gonna go without a meal because there’s always something here for them to grab and have for dinner.”

Three years ago, Garcia heard about another food bank helping seniors in another town with meals and a food pantry, so she asked the High Plains Food Bank for help for her seniors at the apartment complex where she works.

The Food Bank now delivers hot meals every Tuesday and Thursday and provides boxes of sustaining food items once a month, through the FDA’s Commodity Supplemental Food Program.

Garcia says the food boxes provide more than just sustenance, “Many of them would just try to get by with tv dinners and processed food and they wouldn’t have all the healthy meals that we get through the commodity boxes and through the Kid’s Cafe.”

The CSFP boxes also provide recipes for meals that the recipients can make out of the food they get. Which gives them another opportunity to learn. “A lot of my seniors have told me ‘Hey, I’ve learned to be a healthier cook than I was previously,’” Garcia said.

While the COVID-19 pandemic created challenges Garcia says no one went hungry.

“The High Plains Food Bank has been a miracle through the pandemic. They helped all my residents at all my apartments to make sure that they had food through the whole pandemic. You know, for the seniors, it’s especially hard because so many of them can’t get out. And then they were afraid also just to go out and to go shopping. And the High Plains Food Bank has provided commodity boxes every month for my residents in need at all my apartments” Garcia said.

To donate to the High Plains Food Bank, click here.

 

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Barings Announces $43.5M Financing For Yager Flats - Rendering courtesy Elmington Capital Group

Barings Announces $43.5M Financing For Yager Flats, PRS To Provide Resident Services

August 17, 2021, 2:18 PM

CHARLOTTE, N.C.Aug. 17, 2021 /PRNewswire/ — Barings, one of the world’s leading investment managers, announced today that it will provide $43.5M in permanent financing for Yager Flats, an affordable multifamily housing development in Manor (Austin), TX. The $73M development will create 300 new affordable units with amenities that will include a clubhouse, community room, fitness center, pool and playground. The project is being developed by Elmington Capital Group.  

“This is an opportunity for Barings to work with Elmington, Red Stone Equity Partners and Bank of America to build and finance a project that will bring 300 affordable units to one of the fastest growing and dynamic markets in suburban Austin,” said Daron Tubian, Managing Director and Head of Affordable Housing Investments at Barings. “Our partnership and long term financing commitment to Elmington’s project underscores our belief that the development of affordable communities is essential in all high-demand housing markets in the U.S.”

“In a time when a lack of quality affordable housing continues to be a major challenge for so many fast growing cities, we are thrilled to have had the opportunity to invest $29.3M of tax credit equity in Yager Flats. This beautiful property will allow for 300 families to afford to live in the community they love,” said Darren Swanson, Managing Director of Equity Acquisitions at Red Stone Equity Partners.

“Bank of America Community Development Banking is pleased to provide more than $40M to help finance the construction of much-needed affordable housing for families in the Austin area,” said Ellen Rogers, Market Executive for Community Development Banking at Bank of America. “Yager Flats is a great example of the impact we can make to help the most vulnerable in our communities and demonstrates our continued commitment to support the communities where we work and live.”

Upon completion, the development will have eleven 3-story buildings with a mix of 1, 2, 3 and 4 bedroom apartments with 461 parking spaces, available to prospective tenants with incomes ranging from 30% to 60% of Area Median Income (“AMI”). 

Consistent with Barings’ commitment to social impact, Yager Flats through Portfolio Resident Services will provide on-site supportive services that will include adult education, workforce development, financial literacy training, social & recreational activities, after school programming, and health/wellness planning. All services will be free to residents. 

About Barings

Barings is a $382+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North AmericaEurope and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.

*Assets under management as of June 30, 2021

Contact

Cheryl Krauss, Barings, 980-417-5858, Cheryl.Krauss@barings.com    

Portfolio Resident Services To Participate In North Texas Giving Day

July 2021

Houston, Texas– Portfolio Resident Services, Inc. is glad to announce that the organization has received a generous first donation for The Purpose Fund from Ms. Virginia Couch. 

PRS knows that this is the first of many donations for this scholarship program established in 2021 with aims to extend the PRS commitment through academic and skilled-trade study.

The program is based on evidence that suggests by supporting financial hardship that deter continuing education, last-dollar funding can enable low-income, high-potential students to maximize their potential in the classroom, earn credentials, and sustainably strengthen the communities from which they come.

Throughout scholar experience, The Purpose Fund strives to support recipients by engaging with them and their institutions, insuring they have the resources needed to succeed from enrollment to employment.

PRS is the largest third-party resident services provider in the United Sates serving over 300 mutifamily properties.

This impacts more than 60,000 residents in eight states, including: Texas, Mississippi, New Mexico, California, Arkansas, Kansas, and Virginia, and PRS continues to expand!     

The Purpose Fund
Receives First Donation

July 2021

Houston, Texas– Portfolio Resident Services, Inc. is glad to announce that the organization has received a generous first donation for The Purpose Fund from Ms. Virginia Couch. 

PRS knows that this is the first of many donations for this scholarship program established in 2021 with aims to extend the PRS commitment through academic and skilled-trade study.

The program is based on evidence that suggests by supporting financial hardship that deter continuing education, last-dollar funding can enable low-income, high-potential students to maximize their potential in the classroom, earn credentials, and sustainably strengthen the communities from which they come.

Throughout scholar experience, The Purpose Fund strives to support recipients by engaging with them and their institutions, insuring they have the resources needed to succeed from enrollment to employment.

PRS is the largest third-party resident services provider in the United Sates serving over 300 mutifamily properties.

This impacts more than 60,000 residents in eight states, including: Texas, Mississippi, New Mexico, California, Arkansas, Kansas, and Virginia, and PRS continues to expand!     

Kendrell Washington speaks at the Coastal Bend Crossing ribbon cutting ceremony on behalf of PRS

Community Services Director, Kendrell Washington, Delivers Speech At New Development
Coastal Bend Crossing

August 2021

Aransas Pass, TX – Brompton Community Housing Development Corporation (Brompton) and Texas Inter-Faith Management Corporation (TIFM) hosted the official ribbon-cutting event for Coastal Bend Crossing on August 10th. This new upscale affordable housing community brings 80 multifamily units to the workforce of San Patricio County and the surrounding Coastal Bend Region. 

Brompton and its lead consultant, Texas Inter-Faith Housing Corporation, developed this apartment community using Hurricane Harvey Disaster Relief Funds administered by the Texas General Land Office. The development team engaged fellow Texas-based firms, Cross Architects and Nations Construction, to design and build Coastal Bend Crossing.   

The apartment community is at full capacity with a growing waitlist of prospective tenants. TIFM has begun working with its alliance organization, Portfolio Resident Services, Inc. (PRS), to bring empowerment programs and resident services to all the residents of Coastal Bend Crossing.

Brompton, TIFM, and PRS are all part of the Inter-Faith Group, an alliance of 501(c)(3) non-profits whose mission is to develop stable housing, manage growing communities, and provide quality resident services nationally.

 

Media Contact

Lauren Orr, Digital Media Strategist, lorr@prspurpose.org

Portfolio Resident Services Receives CORES Certification

June 7, 2021

Houston, Texas- Portfolio Resident Services, Inc. announces that the organization has been recognized as a Certified Organization for Resident Engagement and Services (CORES) through the Stewards of Affordable Housing for the Future (SAHF). 

 

The PRS CORES Certification applies to the entire portfolio of PRS, lasts five years, and includes family, senior, and supportive housing communities. 

 

When an organization is CORES certified, it signifies that the organization is committed to exceptional quality when it comes to the services that it provides. PRS is proud to claim this certification and will continue to strive to reach the highest standards possible when it comes to our services and our commitment to the residents and properties that we serve.  

 

Partnering with a CORES certified organization such as PRS improves the health outcomes of communities, connects committed partners with prestigious resident services organizations, and produces data-driven positive outcomes for communities. 

 

PRS is one of the largest third-party resident services providers in the United Sates and currently serves over 300 apartment communities. This impacts more than 60,000 residents in eight states, including: Texas, Mississippi, New Mexico, California, Colorado, Arkansas, Kansas, and Virginia and PRS continues to expand!