Press Releases
South County Housing Announces Alliance with Eden Housing
Gilroy, Calif.–South County Housing (SCH) announced today they have partnered with Eden Housing (Eden) to provide property management, resident and asset management services in SCH's four-county service area. This alliance will combine the two companies' respective property management and resident services staffs. A new company will be formed to pursue future development opportunities. SCH's real estate and construction division will continue the build out of current projects in Marina and Hollister.
"Eden and South County Housing share many important values--a commitment to community building, long-term affordability, professional and compassionate service to our residents, and excellence in our property management operations," said Linda Mandolini, President of Eden Housing.
Dennis Lalor, President and CEO of SCH adds, "Given the loss of funding resources in affordable housing at a national, state and local level, it is critical that we enhance operating efficiencies for both Eden and South County Housing. This decision is the result of a thoughtful collaboration between the organizations and increases our capacity to serve residents and their communities for the long-term."
SCH and Eden will implement the plan in several steps, including transferring SCH and SCPM's property management and services staff to Eden's management and services companies. Over the next 12 months, SCH will also transfer ownership of its rental portfolio to a new affiliate, Eden South County, which will have joint Board representation from Eden and SCH. Two of SCH's Board members will also join Eden's board.
"The City of Morgan Hill has had a long, successful partnership with South County Housing in creating housing opportunities for many needy residents," said Morgan Hill Mayor Steve Tate. "Eden Housing has a fantastic record of accomplishments and is recognized as one of Northern California's leading affordable housing providers. We embrace the opportunity of adding Eden Housing as a partner in our community."
The alliance with Eden will provide SCH residents with greater resources such as access to additional residential services programs not currently available.
"With the changes to local and state funding, it is noteworthy that South County and Eden Housing are joining forces to find ways to maximize economies and efficiencies," said Gilroy Mayor Don Gage. "Eden will add value to our community. Like South County, Eden has a long tradition of working in close partnership with local government to provide high quality, permanently affordable housing."
For more information about SCH visit www.scounty.org. For more information on Eden visit www.edenhousing.org.
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