Categories: Business

Ellavoz Impact Capital Celebrates Cedar Creek Estates with Site Dedication in Jacksonville, Florida

Vertical Construction is Well Underway

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JACKSONVILLE, Fla.–(BUSINESS WIRE)–Ellavoz Impact Capital (EIC), a leading real estate impact investment and management firm, celebrated their new project by hosting a site dedication of Cedar Creek Estates. The project began vertical construction in April. Located within an Opportunity Zone in Jacksonville, Florida, this innovative build-to-rent single family residential community will help satisfy the growing demand for affordable, high-quality housing in Jacksonville. The project, with an estimated cost of $14 million, is transforming nine acres into 45 comfortable, single-family homes. EIC is committed to creating a living environment that not only provides much-needed housing but also encourages a strong sense of community for its residents.

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Robert Hutchins, Founder and CEO of Ellavoz Impact Capital, stated, “Our Ellavoz team and impact investors are extremely proud to be part of Jacksonville’s redevelopment. As a veteran preference community, we will serve the people who protect and care for us.” The unique home ownership assistance program will give long-term veteran residents the opportunity to earn a direct grant from Ellavoz when the homes become available for sale.

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Mr. Hutchins dedicated Cedar Creek Estates to Kenneth Pizzo, Sr., who not only invested in the project but whose idea it was to honor our veterans and active military. “Ken was a true patriotic American who lived his faith. He was also a tremendously successful builder who had enormous respect for the military. I now have the privilege and honor to carry this project forward after my dear friend passed away.”

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Other key highlights of the Cedar Creek Estates project include:

Diverse Home Sizes: The community will feature a variety of living spaces to suit the needs of different families and individuals. The single-family homes will range in size from 1200-to-1650 square feet, offering residents flexibility and choice in their living arrangements.

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Build-to-Rent with an Opportunity Toward Homeownership: Ellavoz Impact Capital recognizes the rising popularity of the build-to-rent model and Cedar Creek Estates is designed to meet this demand. This approach offers renters the opportunity to enjoy a modern and well-maintained living space combined with the flexibility of leasing. Additionally, when the homes come up for sale, the residents will have the first opportunity to purchase with a downpayment assistance grant.

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Commitment to Community: Ellavoz Impact Capital is dedicated to enhancing the quality of life of all residents within Cedar Creek Estates by incorporating energy efficient features and well-designed public spaces with the goal of fostering a sense of community and well-being.

About Ellavoz Impact Capital:

Ellavoz Impact Capital, LLC, (EIC) is a social impact investor, advisor, asset manager, and real estate developer focused on creating and preserving workforce and affordable housing and other community-oriented real estate properties. EIC’s strategy concentrates investments into price-attainable housing and economic development projects by working with socially aligned operators, local nonprofits, and governmental agencies to deliver positive community outcomes and double bottom line returns.

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With locations in Florida, New Jersey and the Carolinas, Ellavoz currently has total managed and controlled assets with a value approaching $300 million. EIC is comprised of certified public accountants, attorneys, as well as real estate, finance, and economic development professionals. The team has both private sector experience and decades-long experience leading large community development financial institutions and nonprofit organizations. Collectively, the management team has led transactions with a total capitalization value of nearly $3 billion.

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Contacts

For more information about Ellavoz Impact Capital, visit our website at Ellavoz.com

For media inquiries, contact Chris Ferry @ 732.616.8847

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Business Wire

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