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Three Local Salinas Businesses Benefit From the Grow Salinas Fund

The Grow Salinas Fund continues to provide capital and refinancing opportunity to local small businesses.

Salinas, CA –The Grow Salinas Fund has announced the addition of three small businesses to their growing portfolio. Central Coast Sign Factory, North County Industrial Machine Shop and Dairy Queen have all received individual loans from the fund to help the small businesses expand and grow.

Central Coast Sign Factory, located at 1311 Dayton Street, received a loan to acquire machinery and equipment that has allowed the company to take on additional printing work.  North County Industrial Machine Shop on Brunken Avenue used the capital to expand and to purchase new equipment to support operations. The Dairy Queen located at 1118 E. Alisal Street, utilized loan funds to finance leasehold improvements to the restaurant.

“Grow Salinas Fund has made it possible for these businesses to expand and provide jobs in our Community,” said Maria Orozco, Economic Development Specialist for the City of Salinas.

“The four businesses that have benefited from the fund have received loans totaling over $1 million, directly resulting in 41 local jobs for residents of the community,” said John Palyo President of NDC Grow America Fund. “We are excited to work with the City of Salinas to identify additional eligible businesses that will benefit from our partnership.”

The City of Salinas and the NDC Grow America Fund established and capitalized the Grow Salinas Fund as an Economic Development tool to assist eligible small businesses who are looking to obtain financing for expansion.  The Fund supports local small businesses that are unable to attain conventional bank lending by providing low-interest capital. Loans made under this program will be underwritten by NDC Grow America Fund and Guaranteed by the SBA.

“Without Grow America Fund and the City of Salinas, we would have not been able to grow and invest in top of the line machinery,” said Julio Gil, owner of Central Coast Sign Factory.

About National Development Council and NDC Grow America Fund

Founded in 1969, the National Development Council (NDC) is a national non-profit organization that has evolved into one of the most progressive and innovative community and economic development organizations in the country.  NDC’s Grow America Fund (GAF) is a Community Development Finance Institution (CDFI) licensed under US SBA preferred lenders program (PLP). GAF focuses on providing flexible and patient expansion loans to existing small businesses, manufacturers and distributors www.ndcgaf.org

Cony Flatiron Affordable Senior Apartment Community Celebrates Grand Opening

July 28, 2015- Project partners, local officials, investors and supporters will gather at 110 Cony Street to celebrate the grand opening of the creative rehabilitation and reuse of the Cony Flatiron Building.

The Cony Flatiron Building, overlooking Cony Circle in downtown Augusta, Maine, was constructed in the early 1920’s the building, named for its “flatiron” wedge-shape, served as the city’s public school until 2006. Following its closing in 2006, the building sat vacant and the city supported the maintenance at a cost of $75,000 per year.

Led by Cynthia Taylor, President of Housing Initiatives of New England Corporation, financing was put in place to convert the vacant building into affordable senior apartments. The building is now home to 48 one- and two-bedroom affordable senior apartments. Twenty-nine units are reserved for tenants with 50% or less of the AMI, and nineteen are reserved for tenants with 60% or less of the AMI.

The rehabilitation was funded with tax credits from federal LIHTC Program awarded by the Maine State Housing Authority. The project also received a Community Development Block Grant and grant money from the Federal Home Loan bank of San Francisco. Today we celebrate the efforts of Housing Initiatives of New England and NDC Corporate Equity Fund as they welcome tenants to the senior affordable housing community.

NDC’s Grow Olympia Loan Fund Closes First Small Business Loan

Olympia Coffee Roasting Co. is the first recipient of the city’s “Grow Olympia Fund,” a small business loan program that provides loans at low interest rates for several business needs, including expansion.

NDC’s Grow America Fund is partnering with the City of Olympia to administer a $1 million loan fund that is available to growing local small businesses.

READ MORE here: http://www.theolympian.com/news/local/article27457138.html#storylink=cpy

 

CONY FLATIRON TO CELEBRATE GRAND OPENING

A Grand Opening Ceremony will take place on July 28th in Augusta, Maine to celebrate a new life for the Cony Flatiron Building. The project addresses a need for Senior Affordable housing in the area be creating 48 senior LIHTC units.

Originally constructed in the 1920s to house Cony High School, the building closed in 2006 when a new high school facility was constructed. The vacant building attracted the attention of a local developer who organized the financing to convert the historic building into affordable senior housing.  The building is of considerable historic and community importance, many local residents went to high school in the Cony Flatiron Building and have strong sentimental ties to it.

In partnership with NDC Corporate Equity Fund and Housing Initiatives of New England Corporation, the rehabilitation was funded with tax credits from federal LIHTC Program awarded by the Maine State Housing Authority. The project also received a Community Development Block Grant and grant money from the Federal Home Loan bank of San Francisco.

Cony Flatiron Grand Opening

Sunny View Village Announces Grand Opening Date

NDC Corporate Equity Fund is proud to share the announcement for the Grand Opening Celebration at Sunny View Village, the event is hosted by the Housing Authority of Island County and will take place on August 5th at the project location.

Located in the city of Freeland on Whidbey Island, The Sunny View Village project consists of a cluster of family apartments totaling 26-units of affordable housing. Seven units will have Project Based Section 8 Rental Vouchers and will be set aside for homeless/very low income families, thirteen are set aside for those earning 50% AMI, five are reserved for 60% of AMI with a on-site manager’s unit.

NDC CEF partnered with Common Ground and the Housing Authority of Island County, using a combination of Low-Income Housing Tax Credits, Tax-Exempt Bond Financing, Island County HOME Funds, and Island County 2063 Funds to help finance and develop the $6.3 Million project.

 

Makah Commercial Dock Recognized with Project Excellence Award!

The Makah Dock project in Neah Bay, WA has been recognized by the American Society of Civil Engineers as the 2015 COPRI Small Project Excellence Award Winner. The CORPI Excellence Awards recognize significant achievement   through design concepts, use of new and existing analytical techniques, adaptive reuse of existing features and methods that minimize environmental impacts.

The Makah Indian Tribe used a combination of Tribal funds, an EDA grant and a NMTC allocation to reconstruct a badly damaged commercial fishing dock on tribal land in the Port of Neah Bay at the northwest tip of Washington state.  Originally constructed in 1952 for use by commercial fishing vessels to offload their catch, the concrete and creosote dock had been in a state of significant disrepair and a recent failure had essentially shut it down for all activity. The dock is a major source of income for the Makah tribe, a community numbering fewer than 3,000 located on the remote coast of northwest Washington.   It supports a diverse array of tribal and non-tribal businesses and a regional fish processing industry that includes some 90 different Small Businesses, mostly Minority Business Enterprises. The $13.7M project involved demolishing and removing approximately 504 creosote-treated timber piles along with the 120 foot long dock and warehouse buildings and replacing them with new concrete and steel pilings, new causeway, several loading cranes and a new dock building with remote controlled ice loading capability.  Construction involved a significant amount of in-water work on this remote coastal site which endures extreme winter weather from the Pacific.  Permitting required the coordination of no fewer than six different federal, state and local agencies to ensure the protection of the fragile marine ecosystem during the process.

The Makah Tribe, led by the Economic Development office, was responsible for developing the financing package for the project, which involved Tribal cash, an EDA grant and NMTC allocation from National Development Council partnering with Wells Fargo as the investor.

Congratulations to the Makah Tribe!

Read More HERE!

NDC’s Jane Campbell will be participating in the Opening Plenary Session at the 2015 Policy Summit on Housing, Human Capital and Inequality.

NDC’s Jane Campbell will be participating in the Opening Plenary Session at the 2015 Policy Summit on Housing, Human Capital and Inequality. The Panel will take place on June 18th in Pittsburgh, PA.

Scot Spencer will moderate an informative, highly engaging exchange with Pittsburgh Mayor William Peduto and former Cleveland Mayor Jane Campbell to highlight the policies, programs, and partners that are needed to advance an equitable agenda. The panel will discuss how civic leaders from across the nation are being challenged to pursue economic growth in ways that promote opportunities for all residents. Equitable development strategies are one approach that city mayors are embracing to foster both economic revitalization for their neighborhoods and economic inclusion for their residents. What can cities learn from past experiences? How should leaders be thinking about persistent but newly intensified challenges like race and community relations in this context of equitable development?

The discussion will be broadcast via live stream on Thursday June 18th from 11:30am-1pm. Register for the Live Stream TODAY. More information about the event can be found HERE

365 Jay Street Affordable Housing in Brooklyn Celebrates Ribbon Cutting

On May 14th, The New York City Department of Housing Preservation and Development (HPD) joined the Pratt Area Community Council (PACC), MDG Design & Construction and partners to celebrate the ribbon-cutting to celebrate the restoration of 365 Jay Street.

“The meticulously restored Jay Street Firehouse continues to be home to 18 families, some of whom are the original tenants from the 1980s, and who will continue to pay affordable rents.” said Robert W. Davenport, President of National Development Council.  “Preserving such an important historic structure has been key in creating quality and livable housing in the DUMBO neighborhood of Brooklyn.”

Located at 365 Jay Street, the building was originally constructed to house the Headquarters for the Brooklyn Fire Department. Throughout its history the building had been repurposed in various capacity for the NY Fire Department, until it was abandoned in the 1970s. In 1987 the City of NY converted the building into 18 affordable housing units. It was an exciting time for the DUMBO neighborhood, as it welcomed Brooklyn Metro-Tech, the nation’s largest urban University/Industry Science and Technology Park. The construction of Brooklyn Metro-Tech displaced many low-income residents that for generations called the DUMBO neighborhood home. The city saw great potential in repurposing the building to provide affordable housing for the predominantly low-income community. The conversion to affordable housing was a successful endeavor, but funds to maintain the building were in short supply and by 2013 the building required significant updates to keep the apartments liveable.

With a mission to keep housing units affordable, PACC led a massive restoration of the building and apartments. The interior required a gut renovation, each of the 18 units was stripped and replaced with an updated fixtures, including new bathroom, energy efficient kitchen appliances and hardwood floors. In addition to the interior restoration, the development team paid meticulous detail to exterior refinishes. These included bringing the roof, windows and other exterior elements back into code.

The total development cost for the preservation of 365 Jay Street is approximately $5.6 million.  HPD provided $2.5 million in City Capital towards permanent financing. The New York State Office of Parks, Recreation and Historic Preservation provided a $600,000 grant toward the project. The Brooklyn Borough President’s Office provided $500,000 in Reso A funds and NYS Senator Velmanette Montgomery contributed $300,000 in member item funds.  The Community Preservation Corporation (CPC) provided a construction loan of $1,043,000 and $875,000 in permanent financing. The project will receive Federal Historic Tax Credits which resulted in tax credit equity in the amount of $751,701. National Development Council is the historic tax credit investor. Additional predevelopment funding was provided by LISC NY and Deutsche Bank

Photos of the event can be found on NYC HPD’s Facebook Page HERE

NDC’s Dan Marsh to Speak at CohnReznick 14th Annual NMTC Summit

NDC’s Dan Marsh will join other leading industry professionals at the 2015 CohnReznick Summit. Hosted by CohnReznick, the event will take place in Miami, FL. The confrence brings together NMTC industry’s best and brightest that will be on hand to share their insights and experiences. Topic to discuss include the key strategies, trends, legislative issues, and future of the NMTC program in light of Washington’s ongoing call for comprehensive tax reform.

 

Dan Marsh will speak on a panel on Tuesday May 12th, the panel will discuss what is happening inside the beltway and how is it impacting things in the “real” America? They will explore NMTC extension, tax reform and all of the economic development issues du jour.

 

For more information visit http://www.cohnreznick.com/events/2015-nmtc-summit

Gardens at San Juan – Community Development NDC Academy Awards Semi-Finalist

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Congratulations to San Antonio Housing Authority on being selected as a semi-finalist in the Community Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

 

Gardens at San Juan- San Antonio, Tx

 

The revitalization of the Gardens at San Juan Square is a new vibrant community,consisting of 252 units, 17 residential buildings, a clubhouse, business center, 12 work/live units and 4200 total square feet of commercial space in two separate buildings. The Gardens is the final phase of a three phase project to revitalize the San Juan Homes neighborhood and was completed December 2014. The Gardens is bordered by several  single family neighborhoods as well as a city recreation park and an elementary school. Due to its youthful demographics, walkability and access to public transportation are vital components of the livability of the neighborhood. This final phase of the development provides the connecting link in the integration of San Juan into the neighborhood circulation and the surrounding elements of the community. The Gardens offer its residents a market rate product at an affordable price. The spacious rooms with vinyl plank floors and the contemporary exterior finishes are similar to the finish packages that can be found in high-end downtown developments. In addition to the 1, 2, 3 and 4 bedroom unit mix, the development also offers a live/work unit type to allow small business owners the opportunity to have public street exposure without the additional overhead of a separate living space. The development also offers supportive services on site employing such programs as continuing education, after-school programs, and a variety of property specific programs. This has garnered an education component on-site in the way of a fully digital library operated by Bexar County housed in one of the two 2100 square feet commercial spaces. Community Needs Addressed: The extended process of obtaining community support from its residents and community leaders allowed the development to be tailored to meet the many needs of the community.

The Gardens has resulted in a total of 539 new mixed-income units for the community to include San Juan Square I and II. The three phases added much needed new housing that consists of various unit types and rents providing residents with affordable housing choices as well as an opportunity to operate their storefront business from their home. In addition, and just as important, the walkability and connectivity of the development to the surrounding neighborhood, now unites a community that was once divided. This provides all residents the ability to enjoy walking trails, plaza, and playgrounds. The project also includes visually pleasing and interesting public art depicting the history and culture of the neighborhood which the residents can enjoy during their leisure time. The walkability design was implemented to promote community engagement and healthy outdoor activities for both the residents of the property and those of the surrounding neighborhood. The property also includes a great asset -library named “BiblioTech,” which will be open to all residents in the neighborhood providing much needed access to computers and the internet which most homes currently lack. Finally, with Storm Elementary, the City Park andRec reation Center, a senior housing development and the small business community surrounding.

Learn More HERE

Ameritrust Complex – Community Development NDC Academy Awards Semi-Finalist

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Congratulations to City of Cleveland Department of Economic Development on being selected as a semi-finalist in the Community Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Ameritrust Complex- Cleveland, OH

Located at the southeast corner of Euclid and East Ninth in downtown Cleveland, this site has long been identified as a redevelopment priority by the City of Cleveland. The complex has five buildings in total, including the 29-story tower and the bank rotunda, as well as two parking garages. The majority of the complex has been vacant and shuttered since 1996. The total project cost for the entire project is estimated at 170,000,000 and the Developer has committed to the creation of 300 jobs.

Rotunda – Based upon the unique nature of the Rotunda and in response to feedback from area residents and stakeholders, one of the primary focuses of the project is the redevelopment of the Historic Rotunda’s grand central space as a publicly accessible fresh food market. Instead of pursuing many offers from office tenants to occupy the entire Rotunda, including the ground floor, Geis has committed to reopening this long-dormant and highly significant historic space for public enjoyment. Apart from the market, floors 2-3 of the Rotunda feature newly renovated office space that connects to floors 2-4 of the 1010 Building.

1010 Building – The 1010 Building is a 120,000 square foot, 13-story building that was renovated for office, apartments, and ground-level retail. This building is connected to the neighboring Rotundao n its first four floors. The market spans across the ground floor of both buildings. The two buildings share office space on floors 2-4, Geis Property Management will establish its downtown headquarters in the 5th floor, and on floors six through thirteen, up to 100 moderately priced apartment units will be constructed.

Ameritrust Tower – The Tower is a 400,000 square foot, 29-story building that was redeveloped for hotel, apartments, offices and ground-level retail. The building created over 150 hotel rooms and 104 luxury apartments.

Learn More HERE!

Shreveport Common and Choice Neighborhoods– Community Development NDC Academy Awards Semi-Finalist

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Congratulations to Shreveport Common on being selected as a semi-finalist in the Community Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Shreveport Common and Choice Neighborhoods – Shreveport, LA

Shreveport Common is quickly becoming Shreveport, Louisiana’s UNcommon Cultural District: a $100M Arts-driven transformation of a blighted, urban area to a vibrant, creative, sustainable neighborhood. Developed using Creative Placemaking techniques, the process has garnered national attention (MIT Places in the Making) and exemplifies BEST- and NEWEST- practices at the intersection of Community Development and Creative Placemaking.  The Shreveport Common Development – 3 years in the making, 40% complete – is an Arts-led, holistic Community Development initiative based upon an 18-month grassroots Vision Planning and Community Process, comprised of 36 major projects spanning housing, transportation, green spaces, public art, arts programming, and workforce development, within Shreveport’s HUD Choice Neighborhood. The 9-block site was chosen for its geographic connection between the blighted Eastern edge of Ledbetter Heights, and the Western edge of the thriving downtown business district. In 2009, at the project’s inception, the space between the disparate segments of Shreveport was a desolate expanse of broken concrete, punctuated with deteriorating historic buildings. The City of Shreveport, Caddo Parish, Shreveport Regional Arts Council (SRAC) and 30 major public and private partners are working together to create community, economic and cultural development, transforming the area and quality of life through the principles of Creative Placemaking; putting the Arts and artists “at the helm” of creating a vibrant cultural hub that is committed to connecting the community, offering surprising public art and cultural programming in formerly un-used spaces, creating workforce development and earned income opportunities while animating and aesthetically enhancing the formerly blighted area. From the beginning of the Vision Plan process, Shreveport Common, SRAC and the City of Shreveport have been dedicated to keeping all neighbors, particularly the underserved, integral to creating an enhanced cultural community.

Now in Implementation Phase, residents, artists and businesses are moving into and thriving in this creative neighborhood.

Learn More HERE

Zapata Apartments– Community Development NDC Academy Awards Semi-Finalist

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Congratulations to Bickerdike Redevelopment Corporation on being selected as a semi-finalist in the Community Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Zapata Apartments – Chicago, IL

Zapata Apartments is a 61-unit affordable rental development comprised of 8 one-, 31 two-, and 22 three-bedroom units in four newly constructed, environmentally sustainable buildings on/near Armitage Avenue in Chicago’s Logan Square community area. All buildings are constructed on lots that stood vacant for decades. Total project costs were $25 million dollars with financing from the following sources: Low-Income Housing Tax Credit equity, a first mortgage from BMO Harris, Tax Increment Financing, three energy grants from Chicago’s Department of Commerce and Economic Opportunity, an Illinois capital funds grant, and AHP direct subsidy. Hard construction costs were $184.15 per square foot and the total development cost was $292.08 per square foot.  Lisec & Biederman Architects designed the buildings with the traditional Chicago style of commercial corridors in mind. All four buildings use a steel-frame construction system and are clad with masonry and contextually appropriate siding. The bay windows reflect the surrounding buildings, adding visual interest to the streetscape while maintaining consistency with the culture of the avenue. The flagship building on the corner of Armitage and St. Louis completes the block and has become an attractive community centerpiece including a 4,000 square ft. commercial space housing a non-profit partner that provides social services to low-income area residents. Zapata Apartments includes many green elements: energy efficiency upgrades to insulation, windows, lighting, and heating and cooling systems, and solar hot water heating. The 16-unit building located at 3734 N. Cortland Avenue is home to La Arribada, a tot lot that is a big hit with residents with young children. The biggest building, a 30-unit building at 1955 N. St. Louis features a green roof and bike racks, and the 12 unit building located at 3230 W. Armitage Avenue is Bickerdike’s first smoke-free building, one of a handful in Chicago and in the nation.

 

Learn More HERE

Historic Brooks House Redevelopment – Community Development NDC Academy Awards Semi-Finalist

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Congratulations to Vermont Rural Ventures on being selected as a semi-finalist in the Community Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Historic Brooks House Redevelopment – Brattleboro, VT

The historic Brooks House is an 80,000 square foot mixed-use building located in the geographic and historic heart of Brattleboro Vermont’s downtown.  It is THE most prominent commercial property and architectural element in this rural community. Built in 1871, it was one of the most prominent luxury hotels in New England. A second life came to the Brooks House in the 1970s when the icon was saved from demolition and retrofitted into 59 residential apartments and 16 commercial spaces. In April 2011, a five-alarm fire gutted much of the building destroying the homes of over 80 people and several businesses.  If the blow to the downtown via the fire wasn’t enough, Brattleboro then suffered losses through major flooding caused by Tropical Storm Irene that same year. After two years of sitting idle and increasing anxiety among the community, a group of five local citizens purchased the building and organized a multi-million dollar restoration plan. Resurrecting the Brooks House was essential to the health and viability of Brattleboro’s downtown but required a complex financing structure to make it possible. The $23 million project leveraged all possible sources – New Markets Tax Credits, Federal and State Historic Tax Credits,  conventional  financing, a state legislative appropriation, a community development block grant, town funding, individual investors, owner equity, and support from those near and far.  The financing closed in July 2013. Completed just over a year later in October 2014, the project sponsors redeveloped the building to include an innovative mix of retail, office, education, and residential spaces. Key elements of the restoration include reconfiguring the upper stories to provide bigger apartments for different income levels, adding on to the mid-levels to serve as office and classroom space for education based tenants, and restoring the historic ground floor storefront space for retail tenants.

Learn More HERE

12th Avenue Arts – Community Development NDC Academy Awards Semi-Finalist

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Congratulations to 12th Avenue Arts on being selected as a semi-finalist in the Community Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

12th Avenue Arts- Settle, WA

12th Avenue Arts is a vibrant, new multi-use building on Capitol Hill providing a new center for arts, housing, local non-profits and public safety needs. The project broke ground in February 2013, and completed construction on schedule in September 2014.   For many years the Capitol Hill community had demanded a solution to the inaccessible space located near the heart of this vibrant urban village. While the population and visibility of the vicinity have grown dramatically, and much of the neighborhood has seen important new development, the police parking lot on the surface of 12th Ave. remained agonizingly underutilized.  The activation of the specific plot of land designated for this development had been called out in two neighborhood plans over the last 12 years as the highest community priority. Capitol Hill is the most densely populated neighborhood in the Northwest, and it remains a rapidly growing population center.  Recent years have brought dramatic residential gentrification to Capitol Hill, with massive development of high-end condominiums replacing older apartments and single family homes and leaving low-income residents with few housing options. The development of 88 new affordable homes not only helps the families and individuals who now live in those homes, but also contributes to the economic vitality of the neighborhood. 12th Avenue Arts also provides much needed affordable rental spaces for arts and cultural purposes in response to the rapid isplacement of such organizations in recent years. Capitol Hill has long been a major center for the city’s arts and cultural activities, and the demonstrated need for affordable performing arts space on Capitol Hill was overwhelming. 12th Avenue Arts addresses the loss of affordable studio and performance space by creating 20,000 square feet of new cultural space and arts related commercial space which includes two professional theaters, all of which is available for rental at affordable rates. CHH is the official Capitol Hill CDC and the only organization able to meet this longtime neighborhood need. Completing this project greatly enhances our capacity to fulfill our community development mission in a changing landscape.

Learn More HERE

The Hillside ‘Green’ Revitalization Project- Housing Development NDC Academy Awards Semi-Finalist

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Congratulations to Tarrant County Housing Partnership on being selected as a semi-finalist in the Housing Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

 

The Hillside ‘Green’ Revitalization Project – Ft. Worth, TX

Tarrant County Housing Partnership (TCHP), is a non-profit housing agency that invests in communities throughout Tarrant County, Texas to provide affordable, quality housing options for low to moderate income families.  The project is a collaborative initiative to help preserve and revitalize the Hillside neighborhood, one of Fort Worth’s oldest urban, inner-city neighborhoods.

The project consists of 15 new bungalow-style craftsman homes that are energy efficient and affordably priced in the mid-$70’s and are available to income eligible homebuyers who qualify for up to $14,999 in down payment and closing cost assistant through the City of Fort Worth’s Homebuyer Assistance Program.  Utilizing TCHP’s pioneering green building initiative, construction featured installation of the Structural insulated panels (SIPs) – a high performance building system consisting of an insulating foam core sandwiched between two oriented strand boards (OSB).  The result is a building system that is extremely energy efficient, and cost effective.  The homes also feature high-performing HVAC systems, Energy Star rated appliances and windows, environmentally-friendly paint, cabinetry and flooring, drought-tolerant landscaping, and water-conserving plumbing. Each home is equipped with a TED Energy Use Monitor system that will provide data on household energy usage.   Homes built under TCHP’s green building initiative are more cost effective to the homeowners and provide greatly reduced utility bills, putting more money in their pockets, which increase their sustainability.  Additional benefits of the green building practices include increased air quality and healthier indoor atmosphere, which improves medical conditions such as asthma.  Tarrant County Housing Partnership’s goal is to become a leader in building high performing, energy efficient affordable homes for lower income families while also strengthening the environment.

The Hillside project helps to preserve and revitalize Fort Worth’s existing neighborhoods by bringing blighted, vacant infill lots in distressed communities back into use to create affordable housing opportunities for low income families. Fort Worth ranks consistently below the average national homeownership rate, which is even considerably lower among minorities and low income families. In Fort Worth, median home prices have increased 38% in the last 6 years, whereas, 46.9% of all households earn less than the median income.  Additionally, the imbalance of rising housing costs and stagnant income levels have created a devastating housing cost burden, whereas an alarming percentage of families are paying more than 30% of their income on housing.  This condition compromises their ability to afford other basic needs such as healthcare, transportation and education, which become burdensome and often are not utilized, placing a further drain the city’s assistance systems and economic well-being.   The City’s Consolidated Plan details a significant need for quality affordable housing available to low income families located in Southeast neighborhoods, where 79% of the housing stock was built prior to 1959. Older housing with greater repair needs tends to be concentrated in neighborhoods that have the lowest income, which is consistent with Hillside.

Read More HERE

Ghost Ranch Lodge Apartments – Housing Development NDC Academy Awards Semi-Finalist

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Congratulations to Atlantic Development and Investments on being selected as a semi-finalist in the Housing Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Ghost Ranch Lodge Apartments – Tucson, AZ

The history of Ghost Ranch Lodge Apartments and its rehabilitation is complex and extensive. Originally designed by renowned Swiss Architect Josi as Joesler in 1941, Ghost Ranch Lodge holds a unique place in the history of Arizona. The skull logo appearing on the iconic signage was designed by renowned American artist Georgia O’Keefe. The property consists of 7.3 gross acres of land and contains twenty historic buildings, built between 1941 and 1953. The property also contains the famous Desert Cactus Garden, which is the residence of the officially recognized “Great Tree of Arizona,” the largest Boojum Tree in the state of Arizona. Having proudly served the community for well over half a century, Ghost Ranch Lodge had sadly deteriorated into a vacant complex in a state of serious dilapidation. The present affordable housing community began proudly accommodating low-income senior and physically disabled persons in July 2010 and was fully occupied by March of 2011 upon completion of Phase II. Prior owners of Ghost Ranch Lodge had applied for, and received, a reservation of low income housing tax credits on two previous occasions. However, presumably as a result of the complexity of the property, the historical nature of the buildings and garden area, and other market conditions, neither prior effort succeeded as planned.  On July 12, 2007, Ghost Ranch Lodge was purchased at auction by an affiliate of Atlantic Development and Investments, Inc., with the intent to bring all of its experience, resources and efforts to this troubled property. Since that time, we have worked diligently with City, County and other housing officials, City building and development officials, City and State historic preservation officers, neighborhood and community revitalization organizations, non-profit special needs service providers, architects, engineers, contractors, non-profit community support organizations, lenders, tax credit syndicators and investors and other professionals.

Ghost Ranch Lodge satisfies the housing needs of low-income seniors and physically disabled persons in the Tucson area through the conversion of studio motor court apartments into one-level one-bedroom apartments, which are uniquely suited to the needs of the elderly.  100% of the 112 units are rent restricted units for persons whose income is 60% or less of the AMI. This met a strong demand for this type of housing in the area; in fact, a market demand study had noted that Ghost Ranch Lodge filled “the biggest need in the community, that is, for affordable senior housing units.” The rehabilitation of Ghost Ranch Lodge also contributed towards the revitalization of the area. The project is located within a Federal Empowerment Zone, a QCT and the Miracle Mile Oracle Area Revitalization Project Boundaries, which encourages a variety of housing options sensitive to the area’s historic character and overall improvement of the built environment, in conformance with policies found within the City of Tucson General Plan.

 

Read More HERE

Schmidt Artist Lofts – Housing Development NDC Academy Awards Semi-Finalist

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Congratulations to Dominium on being selected as a semi-finalist in the Housing Development for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Schmidt Artist Lofts – St. Paul, MN

The Schmidt Brewery has been an important part of history in the city of St. Paul, Minn. providing jobs to the residents of the neighborhood for nearly 100 years. Originally built as the Cave Brewery, the Schmidt Brewery has been home to the Stahlmann, North Star, Pfeiffer, Jacob Schmidt and Landmark brands. The last kegs that rolled out of the location in 2002 were filled with Grain Belt and Pig’s Eye brew. After a stint as an ethanol processing plant, Schmidt Brewery sat vacant until a massive community and developer effort resulted in a plan for revitalization of the brewery’s 16 acres and the creation of Schmidt Artist Lofts. The Schmidt Artist Lofts has 260 total housing units including 247 loft-style units in the brewery’s former “Brew House” and “Bottle House” as well as 13 townhomes. All 260 units are section 42 housing, providing affordable living for members of St. Paul’s vibrant artist community; units are available to artists of all disciplines. The project utilized a variety of funding sources to make the project viable including $30.9 million in Low Income Housing Tax Credits, $21.1 million in State Historic Tax Credits and $21.1 million in Federal Historic Tax Credits. Dominium also worked closely with state and community groups to bring the project to completion. This included the West 7th Street/ Fort Road Federation, the City of Saint Paul, the Metropolitan Council, Ramsey County and the MN Department of Employment & Economic Development (DEED). This broad community effort resulted in a development project that revitalized a long-vacant historic site and now provides strong community value.

Residents are impacted by the support of St. Paul’s local culture plus the added culture that Schmidt Artist Lofts provide. This project is designed to take advantage of the building’s natural light, high ceilings and existing character to provide inspiring live/work spaces for its artist residents. The building itself is noted by architectural historians for its crenellated towers and Gothic details. Former industrial and brewing uses in the various buildings provide opportunity for every one of the 247 loft units to have its own layout and personality. The Schmidt Artist Lofts also address the pressing need for affordable housing in St. Paul. All 260 units provide affordable living options, with 234 of the units at 60 percent of the Average Median Income (AMI) and 26 units at 50 percent of AMI. With intentions of catering to the artist community, common space at Schmidt Artist Lofts will provide space for artist residents to work. Residents can take advantage of numerous unique studios tailored to yoga/Pilates, dance, paint, pottery, play/performance, sound and media. These studios incorporate additional features of state-of-the-art kilns, advanced acoustics, lighting capabilities, Wi-Fi, projectors, and the latest in sound recording/mixing equipment. Residents also enjoy a fully equipped fitness center and multiple galleries to showcase artwork. At Schmidt Artist

Lofts, common areas provide opportunity for residents to network with fellow artists. With art and culture a central feature of St. Paul’s community, the Schmidt Artist Lofts provide a unique living option for the community’s artists to live and work together in an affordable setting.

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Creekside Village, Ltd. – Housing Development NDC Academy Awards Semi-Finalist

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Congratulations to Nebraska Finance Investment Authority on being selected as a semi-finalist in the Housing Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Creekside Village, Ltd. – Lincoln, NE

Creekside Village is located just north of the Lincoln, Nebraska downtown business district and is nestled between the University of Nebraska Lincoln campus and the Haymarket Park Sports Complex.  The development consists of 18 buildings providing 71 units of affordable housing to a variety of residents.  Eight multifamily buildings provide 30 one-bedroom units, 30 two-bedroom units, and one manager’s unit.  The additional 10 buildings are constructed as 4-bedroom, single family townhomes, utilizing the rent-to-own “CROWN” (Credits-to-OWN) program offered by the Nebraska Investment Finance Authority (NIFA).  The development includes a club house with meeting and community space and laundry facilities. All 71 units of the development target low income tenants at 60% or less of the Area Median Income. Twenty units are reserved for occupancy by people with Severe Mental Illnesses. Comprehensive supportive services and specialized case management are provided to residents, both onsite and offsite. To further enhance the project and the surrounding area, the developer, Hoppe Homes, coordinated with the City of Lincoln to convert 18 acres of green space into a community park.

An underutilized piece of land presented a rare opportunity to extend an older established neighborhood by integrating a new affordable housing development to create a cohesive and unique living environment.  The site was originally home to an old, asbestos ridden US Navy depot, shooting range and maintenance garage, all of which had to be removed prior to the commencement of any development.  Substantial fill dirt was required to be brought in to raise the level of the site to address flood plain issues. Creekside Village incorporates 20 units that offer an independent living environment for individuals with Severe Mental Illness (SMI), which is an aspect of affordable housing development that, while challenging, is critically needed and very important. CenterPointe Inc., a Lincoln nonprofit, provides extensive supportive services, both onsite and offsite, for the SMI residents of Creekside Village. Single family, multifamily and special needs housing, when combined as part of the same development, can create a vibrant and diverse community. For individuals with Severe Mental Illness, living independently in an integrated environment is a goal that can be obtained with the supportive services that Creekside Village provides.

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Cheryl Chow Court – Housing Development NDC Academy Awards Semi-Finalist

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Congratulations to Low Income Housing Institute on being selected as a semi-finalist in the Housing Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.

Cheryl Chow Court – Homeless and Low-Income Senior Housing – Seattle, WA

The Low Income Housing Institute (LIHI) has recently completed Cheryl Chow Court, a 51-unit apartment building on a prime piece of vacant land in the heart of Ballard, Washington – a Seattle neighborhood with a sizable population of elderly citizens.  This six-story property has 50 HUD-subsidized units for low-income and homeless seniors and one for an on-site manager.  There are 25 studios and 26 one-bedroom units. The large and bright studios and one-bedroom apartments include a full kitchen and bath, including level-entry showers. The apartments are accessible for those with mobility challenges and accessible to the hearing and sight impaired. The apartment’s green features include low-flow fixtures, dual-flush toilets, energy-efficient light fixtures and energy-efficient appliances. The residential portion of the building is set back allowing the residents to enjoy the street life on the front porch and has a back porch for community activities.  It also features a community room, a computer room, and offices for a case manager, who is providing supportive services, and property manager.  The property features a rooftop deck with a P-Patch garden and stunning views of the surrounding mountain ranges and the city. There is seating along with areas for composting and rain barrels. LIHI is delighted to provide affordable senior housing in one of the most attractive, livable, and walk-able neighborhoods in Seattle. Cheryl Chow Court is located down the street from the Ballard Public Library and Ballard Commons, and is close to Swedish Ballard Hospital, shopping and many amenities. The building will also have an Urban Rest Stop (URS) facility on the first floor of the building with a separate entrance.  The URS will provide free showers, laundry and restrooms to homeless men, women and children.

The completion of Cheryl Chow Court opened up 50 units of greatly needed permanent supportive housing to homeless and low-income seniors.   The 2015 One Night Count of the Homeless found that there was a 22% increase in the number of homeless people in King County over 2014.  According to the Aging and Disability Services, close to 1,000 seniors are homeless in King County and the demand for government subsidized rental properties for seniors far outweighs the current and planned future supply.In the first two to three days after our outreach letter was sent, 200 applications were received. The following 10 days brought approximately 50 more. Of those applications, half were homeless seniors and long-term shelter staying seniors. The waitlist had to be closed within two weeks of it opening.  As of January 31st, we have 26 occupied units with 14 of those homeless seniors. The remaining 25 units will be occupied by March 20th with an anticipated 6 more homeless seniors.

According to the Area Agency on Aging for Seattle and King County 2010 Census, 312,624 people age 60 and above now live in King County, up 30 percent since 2000. By 2025, the number of King County residents over age 60 will exceed 496,000. Nearly one in four county residents will be age 65 or older. Cheryl Chow Court is targeted to homeless and very low-income seniors (62 years and older).  The seniors are capable of living independently. As the resident population ages and the health conditions of the residents change, the supportive services we provide will help the residents to remain in their apartments.  Some “independent” elderly may become “nearly independent”, “nearly frail” or “frail”, and be at risk of premature institutionalization. Cheryl Chow Court is a much needed affordable option for seniors in an expensive neighborhood.

Read MORE HERE

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