Supporting Japanese Firms in U.S. Urban Development to Address Housing Shortage
Overview
The Ministry of Land, Infrastructure, Transport and Tourism authorized support from the JOIN (Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development) for an urban development project in Davis, California, involving the development and operation of rental housing for University of California, Davis students. JOIN will invest in the local operating company and participate in the project together with the U.S. subsidiary of Kyushu Electric Power Co., Inc. and a U.S. housing developer.
Key points
- The project site is in Davis, California, United States.
- The project involves rental housing for University of California, Davis students.
- JOIN will participate by investing in the local operating company.
- JOIN's support will promote the full-scale entry and business expansion of Japanese companies into U.S. housing development.
Overview
On September 2, 2026, the Ministry of Land, Infrastructure, Transport and Tourism announced its authorization of JOIN's support for an urban development project in Davis, California, United States.
The project overview is presented because the procedures for launching the project among the relevant parties have been completed.
Impact
JOIN's support will promote the full-scale entry of Japanese companies into U.S. housing development projects and further business expansion, while facilitating the overseas deployment of housing development expertise.
The project will supply housing for young people that is in short supply and contribute to the development of high-quality housing and community formation.
Details
This is an urban development project in Davis, California, involving the development and operation of rental housing for University of California, Davis students.
JOIN is investing in the local operating company together with Kyuden Urban Development America, LLC, the U.S. subsidiary of Kyushu Electric Power Co., Inc., and The Michaels Organization, a U.S. housing developer. JOIN's investment amount is up to approximately 2.7 billion yen.
The date of ministerial authorization under the JOIN Act is June 15, 2026.