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3 Star Communites
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3Star has developed a scalable and sustainable community model that seeks to reduce transiency and improve an individual’s academic success through a collaboration of the three important pillars of an individual’s success: affordable housing; free access to on-site after-school programming; and affordable medical care.
TriStar’s business model as the operating partner focuses on purchasing older, workforce apartment communities that house families living at or near the poverty line. The organization then renovates these apartments and rents them to families at affordable rates ($675 per unit before utilities for a family of four). The goal is to stabilize communities by integrating affordable housing with community programs aimed at improving education, wellness, and food security. Over time, its programs have proven results, most notably with the local public elementary school. A stabilized community reduces student transiency, and thereby improves education. Schools with lower transiency rates have a better learning environment, higher test scores and greater school success.
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