In pursuing our vision of building vibrant and sustainable communities, Nitze-Stagen benefits from its partnerships.
The principals of Nitze-Stagen and Housing Diversity have partnered to create OZ Navigator (OZN). The OZN team has a track record of success in investing in underserved communities and is supported by legal, tax and accounting professionals as well as experts in community impact investing. OZN brings to bear a significant advantage in sourcing, underwriting and executing Opportunity Zone deals. Taking advantage of existing deal flow, OZN will invest in opportunities with similar investment criteria to those already being sourced by Nitze-Stagen and Housing Diversity’s real estate teams.
Alliance for Safety, Affordability and Preservation (ASAP)
The Alliance for Safety, Affordability and Preservation (ASAP) has come together to develop creative solutions to the threat to public safety; affordable living and working spaces; and the rich legacy of our region’s built environment posed by the impact of future seismic events on our unreinforced masonry buildings (URMs). An event like a magnitude 6 to 7 Seattle fault earthquake has the potential to cause widespread death and injury, displace tens of thousands of our region’s most vulnerable residents and the businesses who call these building’s home, and permanently damage some of our most distinctive historic structures. Furthermore, it would severely exacerbate the existing housing affordability crisis and lead to a surge in homelessness. Consisting of concerned stakeholders from the City of Seattle, King County, developers (both marketrate and affordable), URM property owners, historic preservationists, and neighborhood associations, ASAP actively seeks to restore and upgrade these character-rich brick buildings before the next major earthquake renders them uninhabitable, or leads to their unplanned demolition. We believe that mandatory safety legislation is the only way to marshal all of the concerned stakeholders and resources required to solve this issue in an efficient and organized manner.
Housing Diversity Corporation
Housing Diversity Corporation is a housing innovator dedicated to providing a forward-thinking alternative to traditional apartment living in urban centers. Offering generous amenity packages in a small footprint, these sustainably designed, modern spaces allow people to live in beautiful surroundings at a middle-income price point. Founded by Seattle-based developer, Brad Padden, Housing Diversity Corporation is committed to producing high-quality homes that help create healthy, diverse neighborhoods. The company currently has developments in Los Angeles and Seattle with plans to expand across the West Coast.