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  • August 11, 2020

ASREF Closes Its Largest Investment Into Workforce Housing Development in San Antonio

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.
Photo of an old corner building with large red signage that says Friedrich in red.
Workforce Housing Development Program

“Impact Fund Closes Its Largest Deal With Plans For Texas Affordable Housing.”
Candace Carlisle profiles ASREF’s investment to transform a former plant site into Friedrich Lofts, a new downtown gateway in San Antonio’s East Side neighborhood. To read the full CoStar News article, click below.

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