How Tax-Exempt PABs Promote Affordable Housing

Aaron Marzwell is an established real estate executive and developer with a proven track record of leading several real estate businesses. He formerly led CIM Group for seven years, during which he oversaw the development of numerous real estate projects. Aaron Marzwell currently leads APPA Real Estate, which emphasizes impact investing and workforce housing, as well as providing housing at affordable rates.

According to the California Statewide Communities Development Authority (CSCDA), many affordable housing projects in the US are capitalized through loans. One category of debt securities primarily used in this capacity is private activity bonds (PABs). PABs allow investors or bond holders to borrow entities their money in favor of municipality-qualified projects with public benefits. PABs are encouraged by the government and issued by financial institutions to private entities that are looking to develop projects that can benefit a region. Affordable rental housing is one of these projects.

In tax-exempt PABs, investors borrow their money from private entities through financial institutions, and the money they gain due to bond interest is not included in their tax statements. In other words, tax-exempt PAB bond holders won’t pay tax for capital gains associated with the service. For this reason, many investors consider PABs as an efficient tax minimization strategy. This means private entities can easily obtain loans for their affordable housing projects.

APPA’s Various Impact Investing Strategies

A California developer from Los Angeles, Aaron Marzell has been the CEO at APPA Real Estate since 2013. In this role, Aaron Marzwell assists with raising funding for the various mixed-use and affordable housing projects with which the company is involved.

In addition to conventional projects, APPA Real Estate is involved with impact investing. This type of investing involves using capital to generate money while at the same time investing in a venture that produces positive environmental or social outcomes.

APPA Real Estate raises funding to complete projects, mostly focused on affordable and mixed-use projects, but also on projects that impact their communities. Its green real estate strategies emphasize improving energy and water efficiency, reducing waste through recycling, not using single-use plastic during construction, and using bottle fillers at these sites.

The firm’s project also emphasizes community sustainability. These projects often include areas where residents can congregate and interact with one another, have some input on the project itself, and serve needs integral to the community’s vitality. The belief is that by incorporating these elements, the projects will build cohesiveness into the culture of the community, an important element in sustainable communities.

Published: APPA Completes Pasadena Mixed-Use Project in 2022

I published “APPA Completes Pasadena Mixed-Use Project in 2022” on @Medium

UN Works to Squash the Uptick in Anti-Semitism Globally

 Aaron Marzwell, a Los Angeles, California developer, is CEO of APPA Real Estate, a firm specializing in the development of housing. . Outside of his work with APPA Real Estate, Aaron Marzwell is the co-chairman of the Simon Wiesenthal Center located in Los Angeles, Florida, New York, and Illinois.

In June 2022, the Simon Wiesenthal Center announced its support for the United Nations (UN) initiative to reduce the rising anti-Semitic sentiment worldwide. A global human rights organization, the Simon Wiesenthal Center, researches the Holocaust while trying to give historical context to hate and terrorism. Not only does the organization focus on understanding the history of the anti-Semitism around the world, but it also stands with Israel and defends Jewish people worldwide.

The High Representative of the UN Alliance of Civilizations, Miguel Moratinos, the European Union, UN Ambassadors, and representatives from Jewish organizations recognized this trend. Soon after, a collaboration among people from different organizations worldwide set about devising a plan to address these issues.

Some ideas introduced to stem the tide of anti-Semitism include educating the public about the increasing incidence of hate against Jews online and on social media. Experts also mentioned investigating sources of anti-Semitism, including UN agencies.

The Simon Wiesenthal Center has agreed to continue its efforts to root out anti-Semitism, agreeing to assist the UN with this effort. For more information concerning this initiative, contact the center at pressinquiries@wiesenthal.com.

 

Some Features of Co-Living Space

The former vice president of CIM Group, Aaron Marzwell is a landlord and real estate developer who has directed APPA Real Estate since 2013. Under Aaron Marzwell’s leadership, most of APPA's housing developments are focused on workforce housing and co-living.

A co-living space is an apartment unit leased to more than one individual. The tenants in a co-living space will have their own individual contracts. This protects a tenant from a quit notice when another tenant fails to pay their rent. Most co-living spaces are furnished, which reduces cost, and they are leased out at comparatively lower rates compared to homes of similar standards in the area.

If you rent a co-living space, you will live under the same roof as other people you may be meeting for the first time. However, you will have your own private bedroom and bathroom. A private bedroom and a bathroom are some of the things that distinguish co-living space from co-housing. Tenants in co-living spaces can prepare for work early without having to take turns in the bathroom.

Published: Housing Needs of the Missing Middle in California

I published “Housing Needs of the Missing Middle in California” on @Medium

The Key Difference between Impact Investing and ESG

 Aaron Marzwell is a real estate executive and developer who founded APPA Real Estate in 2013 and has since served as its CEO. Under his guidance, APPA Real Estate creates workforce housing at affordable rates for individuals in various communities. Throughout his career, Aaron Marzwell has gained experience in several real estate-related fields, including co-living and impact investing.

Impact investing aims to deliver or drive positive change that benefits the community. Impact investors are individuals who are interested in exploring opportunities that can better the lives of people living in surrounding communities and attenuate the negative impact of technology on the environment. These opportunities typically concern education, health, and climate. For example, an impact investing endeavor may include building an investment portfolio that invests in companies that build or use green energy solutions to minimize air pollution and carbon footprint.

While the prime aim of impact investing is to drive positive social change, the commercial solutions generated in that endeavor often result in above-market-rate returns for investors in the long run. Research shows that 88 percent of impact investors have historically reported returns that exceeded their expectations.

Environmental, social, and governance (ESG) shares similarities with impact investing in some areas. However, ESG investing is not the same thing as impact investing in terms of goals. It involves corporate strategies to pursue sustainability by minimizing pollution, enhancing relevancy, and building trust with stakeholders.

ESG investors invest their money in businesses that pivot operations around environmental goals (such as reduction of waste output), social impacts (such as building a healthy workplace culture by promoting diversity), and also cement an effective governance foundation (such as enhancement of business ethics and shareholder transparency). The environmental goals in ESG should not be confused with impact investing since the goal is to show responsibility from which a material financial effect (such as customer retention) may be elicited.