Aloe Palm Canyon

With $11,560,000 in loans, the We Lift Catalyst Fund helped bring the West Hollywood Community Housing Corporation from pre-development to construction on a new Palm Springs affordable housing community for seniors.

1475 N. Palms Drive Palm Springs, CA 92262
2 min read

71

Affordable Homes

$11.6 Million

From the We Lift Catalyst Fund

2025

Doors Open

A new Palm Springs affordable housing community for seniors

The Challenge: Stuck in predevelopment

The predevelopment stage is the earliest and riskiest stage for housing projects, which makes it difficult for developers to get loans to cover this part of the work.

The West Hollywood Community Housing Corporation (WHCHC) faced that hurdle as they searched for predevelopment loans to get started on Aloe Palm Canyon.

So, when traditional lenders wouldn’t step in to keep the work moving, the We Lift Catalyst Fund did.

The Money: Three loans to get from predevelopment to opening

The We Lift Catalyst Fund gave WHCHC three loans over the project’s lifespan. And because of the Fund’s revolving model, we were able to recycle the same dollars again and again across each loan to keep the project moving.

We started with a $750,000 predevelopment loan. Once WHCHC repaid the loan, those dollars went back into the Fund and helped support the next loan: $810,000 for construction. Once that was repaid, that money was then used to support the third and final investment: a $10 million acquisition loan.

In the end, the We Lift Catalyst Fund provided $11.56 million in loans, saved WHCHC $1 million in interest fees, and helped bring 71 new senior affordable homes to Palm Springs.

The Community: A home for seniors and retirees

As the Coachella Valley’s senior population rises, developments like Aloe Palm Canyon are becoming more vital.

With 71 affordable homes for seniors just steps from public transit, restaurants, and grocery stores—including 25 homes for people transitioning out of homelessness—this project gives more seniors and retirees a way to continue to live independently and comfortably in the community they love.