DALLAS--(BUSINESS WIRE)--Dallas-based CAF Capital (a subsidiary of CAF Companies) is expanding a platform that offers a wide variety of free social and educational programs to residents of its apartment communities.
These free classes, tutoring and summer programs are especially critical because of setbacks in educational achievement during the COVID-19 pandemic. The programs, along with affordable rents, are already offered at The Residence at North Dallas and will soon be offered at new CAF properties in Richardson and Houston.
“CAF is at the forefront of a trend in Environmental, Social, and Corporate Governance (ESG) Investing which illustrates a company’s commitment to social and environmental factors in its business operations,” said CAF Companies CEO Chris Faulkner. “The ESG trend of investing has been slow to catch on in the real estate market, but we see this market growing exponentially as more investors realize its positive impact on communities and the bottom line.
“We expect these programs will result in higher retention rates as residents find their lives enriched and spread the word about the programs,” he added.
CAF renovates community centers at its apartment communities and partners with non-profits such as KIDS-U to provide teachers and classes free of charge for residents’ children.
“KIDS-U is an innovator in high-quality afterschool programming and allows us to provide an exceptional curriculum that is tailored to enrich the quality of life for residents,” said Matt Falkin, Vice President CAF Funds. Programs may include childcare, tutoring, summer camps, ESL classes, workforce development training, financial literacy, nutrition coaching, and other programs for adults while maintaining affordable rents at the communities.
“We are seeing real interest from community partners, including non-profits and other corporations that want to take part in this effort,” says Falkin. “Our strategy brings their programs directly to those who need them close to home.”
CAF Companies has 43 multifamily properties in Texas, with plans for further expansion.