ROSEVILLE—Darren Bobrowsky has been promoted to Senior Vice President of Finance and Principal of USA Properties Fund Inc., one of the largest affordable community developer-owner-managers in the West.
Bobrowsky joined USA Properties Fund as Director of Finance in 2010. The Roseville-based company has added 17 communities and almost 2,000 units during the past five years.
“We’ve enjoyed tremendous growth in recent years, and Darren has definitely played a major role in those efforts,” said Geoff Brown, President of USA Properties Fund. “As a senior executive and principal, he will help develop the vision and lead USA Properties.”
The fast-growing company has announced several new communities, including the development of market-rate properties.
“USA Properties is focused on some major projects that will shape our long-term future,” Bobrowsky said. “I’m proud to be part of a company that is expanding its efforts and entering new areas.”
Before joining USA Properties, Bobrowsky was Vice President of Acquisitions for Capital Valley Investments. He is also a former Director of Development Services for the Sacramento Housing and Redevelopment Agency (SHRA), where he was involved in the development of more than 10,000 affordable housing units — with a combined cost exceeding $1 billion.
Bobrowsky earned a bachelor’s degree in Business Administration (Real Estate and Land Use Affairs) from California State University, Sacramento.
May 15, 2015
USA PROPERTIES FUND PRESIDENT GEOFF BROWN NAMED HOUSING HALL OF FAME HONOREE BY CALIFORNIA HOUSING CONSORTIUM
ROSEVILLE, Calif. – USA Properties Fund Inc. President and Chief Executive Officer Geoff Brown, a longtime advocate and developer of affordable communities, has been named a Housing Hall of Fame Honoree by the California Housing Consortium.
Brown oversees a company with about 85 affordable communities and 12,000-plus units, from La Mesa in Southern California to the Bay Area and the Sacramento region in Northern California.
“I’m very honored and humbled by the award, which has been given to some of the true leaders of the affordable community industry,” said Brown, who joined USA Properties in 1989 and was named president and CEO in 1997. “This honor belongs to everyone at our company and our partners who are committed to building affordable, high-quality and safe communities for low-income residents.”
Brown’s father, J.B. Brown, founded the company in Santa Monica in 1981 and later moved USA Properties – and its then seven employees -- to Roseville in 1993.
Under Brown’s leadership, the company has added 10,000 units and about 300 employees. In addition, USA Properties Fund has become an industry leader in green building design and practices, including the installation of solar-panel systems in numerous projects statewide.
And the company has established the JB Brown Fund, a charitable organization that provides financial assistance to residents in USA Properties’ communities. The JB Brown Fund has raised more than $300,000 since founded in 2011, with about $116,000 in scholarships awarded to residents attending two- and four-year colleges and universities.
“We’re committed to building communities, not just apartments,” Brown said. “We want to help our residents achieve their dreams and deal with financial hardships.”
Brown will be honored May 13 during the California Housing Consortium’s Policy Forum & Housing Hall of Fame Awards in Santa Monica.
The Agoura Hills-based consortium is a non-partisan advocate for the production and preservation of affordable housing for low- and moderate-income Californians. The California Housing Consortium represents the development, building, financial and public sector.
“The California Housing Consortium’s Hall of Fame honors those individuals and companies that have made a profound impact in the affordable housing field,” said Ray Pearl, Executive Director of the California Housing Consortium. “When seeking our private-sector honoree this year, Geoff Brown and USA Properties Fund, Inc. rose to the top because of their leadership in the production and preservation of affordable housing. CHC also wishes to thank Geoff for all of his contributions to our organization’s advocacy efforts in Sacramento through the years. Geoff and USA Properties are fine examples of what it truly means to give back to the community.”
Apr 10, 2015
Geoff Brown is one of California’s most successful affordable housing developers for two key reasons:
Brown is an innovator who utilizes creative financing solutions to overcome funding gaps and complete projects.
He is a firm believer in the green building movement and incorporating solar power in almost every
property he develops.
He is also an advocate who believes there is a dangerous shortage of affordable housing in California and
that public officials should allocate greater resources to increase supply. And he’s exploring new ways to improve
access to social services in his properties.
Read more: Tax Credit Adviser
Described by its Roseville-based developer as a new community that will help meet the need for affordable family housing in the Auburn area, the 64-unit Quartz Ridge apartment complex is poised for a construction start.
Read more: Auburn Journal
Mar 19, 2015
Read more: KXTV Sacramento Channel 10
A Roseville-based developer has proposed the first private project for the Sacramento railyard.
USA Properties Fund Inc. expects next week to submit to the city a plan for the four-story, 200-unit apartment project, to be called Metro Crossing. The company hopes to start construction in summer 2016.
Read more: Sacramento Business Journal
The demand for housing was illustrated vividly last month, when more than 175 people lined up for a chance to obtain one of the 42 affordable units at the Tierra Springs Apartments development in Santa Rosa. Some of the people camped out for two nights, hoping that could allow them to pay less than half what it would cost for a similar market-rate unit. The complex is expected to be completed in May.
Read more: The Press Democrat
Would-be renters camped out Tuesday for the second straight night hoping to land an apartment in a new development under construction in southeast Santa Rosa, the latest sign of the intense demand for affordable housing in Sonoma County.
Read more: Press Democrat