150
Affordable homes
Villa Verde
Villa Verde
With an $11,279,693 construction loan, the We Lift Catalyst Fund helped Abode Communities move forward on Villa Verde, bringing affordable and supportive homes to Coachella.
The stats
$11.3 Million
From the We Lift Catalyst Fund
2027
Doors open
Villa Verde
Partnering with Abode Communities to unlock 150 stalled homes for Coachella families
The Challenge
Blocked construction
Even with $141 million lined up in public funding, private investment, and tax credits, Villa Verde stalled for years while Abode Communities worked to pull their construction financing together.
That’s because a major portion of their funding package—about $114 million—couldn’t be put to work until the rest of their financing was in place.
The We Lift Catalyst Fund stepped in to help.
That’s because a major portion of their funding package—about $114 million—couldn’t be put to work until the rest of their financing was in place.
The We Lift Catalyst Fund stepped in to help.
The Money
Turning $11.3M into $114M
The We Lift Catalyst Fund provided $11,279,693 of Villa Verde’s $53.8 million construction loan to fully finance the work.
With that final push, the project’s remaining $114 million funding package was unlocked, so the project could finally get moving.
With that final push, the project’s remaining $114 million funding package was unlocked, so the project could finally get moving.
The Community
More than housing
With shared green spaces, on-site services—including substance use treatment, job training, and parenting classes—and easy access to public transportation, Villa Verde brings more of the housing and support the community needs.