For over 50 years, East Bay Asian Local Development Corporation (EBALDC) has served communities across the East Bay to build healthy, vibrant and safe neighborhoods. To ensure our long-term sustainability and strengthen our community-building work, we are transitioning our residential property management work to a third-party partner, Winn Residential, over the next few months.
As providers of quality affordable housing, we have faced the same cost pressures that are affecting the broader housing sector. This structural change in how we operate gives us the infrastructure to absorb those costs more efficiently while focusing our internal resources on deepening our impact. We explored many possible options, and though a difficult decision, this is the best path that ensures we are able to continue serving our community.
This decision is an investment in our long-term mission and sustainability and will help us ensure we are able to continue to provide the highest level of support to our community and residents. We are incredibly grateful to our team for their commitment to our mission over the years and to have found an aligned partner who is committed to interviewing our property management site staff to bring them into their team and create continuity in this process. EBALDC will continue to have robust oversight across all of our properties, through this transition and beyond.
