ASREF’s $10.6 M investment expected to transform the former Friedrich Air Conditioning plant into 347-units of mixed-income housing, with 50% affordable as workforce and low-income housing.
ASREF invests $10.6 million to repurpose a 30-year vacant Texas air conditioning plant, in community with 36% poverty rate, into 347 units of multifamily housing.
Newly renovated with ASREF financing, the historic St. James Hotel in Selma, Alabama will open its doors to visitors of the Edmond Pettus Bridge and the U.S. Civil Rights trail.