Organizations who power our society
To serve the needs of teachers, nurses, and other mission-critical workers, we work with a range of organizations to provide economical housing. Building an Upward Community can help your:
Offer a true sense of belonging
Together, we can provide attractive, economical housing for critical employees — without you ever needing to say “Public Facilities Corporation.” This works by structuring a 30-year lease agreement with Upward.
Continue reading to review the concrete steps to make your vibrant Upward community a reality.
Confidentiality and internal meetings
After you decide that you would like to explore the possibility of an Upward Community with us, we work with you to ensure the prompt signing of confidentiality agreements. We are careful to safeguard sensitive information throughout the process.
Laying the groundwork for negotiations, we collaborate with your organization — along with your bond, financial, and legal counsel — to review the initial terms of the lease agreement.
Q&A and internal survey
To facilitate open dialogue with bond, financial, and legal counsel, as well as our team at Upward, we host a Q&A session to address any questions or concerns you may have.
Around this time, we also conduct an internal survey to gather feedback and preferences from potential tenants. Additionally, we can initiate pre-lease conversations with interested employees to gauge demand and structure a seamless transition.
Discovery, planning, and design
Together, we explore various options for house plans, aesthetic designs, amenities, and the build site, tailoring them to meet the specific needs and preferences of your employees and organization.
Building upon the internal survey results, we collaborate with you to make final decisions on site selection and unit configurations, prioritizing flexibility to best serve your unique requirements — and, whenever possible, aspirations.
Presentation to stakeholders
In order to ensure that everyone is on the same page, we prepare and deliver a comprehensive presentation. We coordinate the best time to hold this presentation with you, so all key stakeholders can be in attendance.
This meeting includes outlining finalized plans, projected timelines, and expected benefits. It also provides an excellent opportunity to address any lingering questions or concerns, engage stakeholders, and garner their support.
Final agreement and approvals
Our team, in collaboration with legal counsel, drafts a comprehensive lease agreement reflecting mutually agreed-upon terms and conditions. Of course, we allow ample time for thorough review and negotiation.
Next, we facilitate the approval process within your organization (e.g., school district). We obtain the necessary signatures and endorsements from relevant stakeholders, addressing any remaining concerns in the process.
Breaking ground and ongoing support
Together, we celebrate the milestone of breaking ground on the Upward Community site, marking the beginning of construction and progress towards providing much-needed housing for your employees.
As your community is built and sustained, you can rely on the Upward team as an ongoing resource. Our leadership and staff have extensive real estate development and investment experience to help you continually maximize the value of your new housing — and keep it revenue-neutral.
Less turnover means greater stability. This translates into the ability to move from survival mode into planning for future improvements and expansions. Reap the benefits of a reliable workforce.
Your organization knows that your best team players are worth their weight in gold. That’s why affordable housing is a worthwhile investment to attract and retain the highest level of talent.
Beyond stability, a drastic reduction in turnover can cut costs for your organization. What are some of the ambitious initiatives you could take on, if there was more room in your budget?
Empower the essential workforce
We are on a mission to elevate the well-being, safety, and overall lives of critical workers through affordable, secure, and rejuvenating places to call home.
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