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.

2 min read

150

Affordable Homes

$11.3 Million

From the We Lift Catalyst Fund

2027

Doors Open

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.

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.

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.