Nov 02, 2018


USA Properties Fund, Envoy Technologies To Offer All-Electric Community-Based Shared Vehicles At Four Apartment Communities in Sacramento

Low-income residents can rent emission-free cars

ROSEVILLE and CULVER CITY, Calif. – USA Properties Fund Inc. and Envoy Technologies are partnering on an all-electric, shared vehicle program for low-income residents at four affordable apartment communities in the Sacramento region.

Under the program, Envoy, a shared mobility as an amenity platform, has installed electric chargers and provides all-electric vehicles – such as Chevrolet Bolts and Volkswagen e-Golfs – at four apartment communities owned and managed by USA Properties.

Residents can access the cars through the Envoy There smartphone app on iOS and Android for low rental rates, which includes full-coverage insurance, 24-hour customer service and roadside assistance, if needed.

Residents will have the convenience of hourly or daily rates. They can also rent vehicles to earn personal income by driving in the gig economy for ride-hail services such as Uber and Lyft or delivery services.

USA Properties Fund-Envoy’s car-share program is believed to be the first for affordable communities in the Sacramento region – and among the first in California.

“It’s a forward-thinking, innovative idea that will give our residents a cost-effective transportation option,” said USA Properties President Geoff Brown. “Some of our residents don’t own a car, while others only need a vehicle once in a while for grocery shopping or other errands. These are the residents who will benefit the most from the program.”

USA Properties Fund, one of the largest affordable apartment community developer-owner-managers in the West, will offer Envoy cars at its Cottage Estates, Creekside Village, Terracina Gold and Vintage Natomas Field communities. The pilot program could eventually expand to other communities in the region, Brown said.

“We’re always looking at amenities that will improve our communities and the lives of our residents,” said April Atkinson, President of USA Multifamily Management Inc. “The program is designed to be less expensive, more environmentally friendly transportation for residents.”

Car-sharing companies, such as Zipcar, have been available for several years. Envoy makes the concept easier, providing all-electric vehicles available steps away from apartment communities, hotels and even office campuses in the Bay Area, Los Angeles and now in Sacramento.

“Envoy is committed to ensuring the future of mobility is available to all,” said Envoy co-founder Aric Ohana. “Envoy aims to deploy at least half of our vehicles in disadvantaged and low-income communities, which have historically been overlooked by mobility innovations.”

Envoy’s community-based offering brings affordable, convenient and sustainable transportation to these properties, and provides an opportunity for residents to work in the gig economy, opening the potential to earn significantly more than minimum wage.

“We look forward to serving residents through our partnership with USA Properties Fund and beyond,” Ohana said.

Cofounders Ohana and Ori Sagie founded Envoy with two electric vehicles in 2017. Now, the company is rolling out hundreds of vehicles through various markets in the coming months, with more than half located in low-income communities.

The Culver City-based company recently celebrated several new deployments across California, and has received a $1.5 million grant from the California Energy Commission to establish a shared mobility program for lower-income residents in the Sacramento region and the Bay Area.

Envoy is also participating in Electrify America’s Green City Initiative, a $44 million investment of electric vehicle infrastructure in Sacramento. Envoy will provide 142 electric vehicles at 71 locations throughout the city, each with its own EV chargers.

“The Sacramento region is committed to zero-emission vehicle adoption and presents an exciting opportunity for Envoy to support these efforts,” Sagie said. “We’re looking forward to our partnership with USA Properties and similarly innovative sites to help residents with their transportation needs.”

ABOUT USA PROPERTIES FUND INC.

USA Properties Fund Inc. (USA), a California corporation, is a privately-owned real estate development organization specializing in the creation of outstanding apartment communities. Founded in 1981 and headquartered in Roseville, USA Properties Fund provides a full range of capabilities for community development, including financing, development, construction services, rehabilitation and property management. Our values, leadership and team structure reflect our success with the development/construction and acquisition/rehabilitation of more than 13,000 units of family and senior apartments in over 100 apartment home communities throughout California and Nevada. For more information, please visit www.usapropfund.com.

ABOUT ENVOY TECHNOLOGIES

Envoy Technologies, a Culver City-based provider of turnkey electric vehicle car-sharing services, offers vehicles where people live, work and stay (i.e. apartments, student housing, office campuses, co-working spaces, hotels). Envoy equips real estate owners and operators with a new and innovative way to enhance the lifestyle of their tenants, members and guests by providing mobility as an amenity. Lean more at https://www.envoythere.com/