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NDC to Sponsor N.E.D.A Annual Conference in Syracuse, NY

NDC’s Bud Sweet will join fellow community development professionals September 13-15, 2015 for the N.E.D.A Annual Conference in Syracuse, NY.

The conference will bring together organizations from across the Northeast to discuss experiences, challenges and best practices for revitalizing communities across the region. The conference goal is to help attendees Re-Think the possibilities for their community, Re-Vive professional passion for everything from downtown revitalization, to tech incubation, to sustainable land use, and workforce development.

Learn More and REGISTER TODAY

 

See you there!

SIGN ON – Tell Congress to Stop Sequester Spending Caps

From our friends at NACEDA- Today is the last day to add your organization to add your organization to the list!
Sign on TODAY - Tell Congress to stop disproportionate cuts to non-defense spending.
The Federal Budget has been on a collision course with Sequester spending caps since they were put in place in 2011. Budget gimmicks kept us from feeling the full impact of the spending caps in FY14 and FY15.
Congress returns to DC on September 8 to craft a budget deal. These are a few of the cuts on the table:
  • Empty the National Housing Trust Fund in 2016 and forever after (House bill).
  • Effectively eliminate the HOME program with a 93% funding cut (Senate bill).
  • Fail to renew existing vouchers (House bill would not renew 28,000 existing vouchers, Senate bill would not renew 50,000 existing vouchers).
  • Insufficiently fund the renewal of all project-based rental assistance contracts (House bill).
  • Cut public housing capital funds (House and Senate bills).
  • Eliminate increases sought by HUD for Homeless Assistance Grants (House and Senate bills).
More than 1,600 organizations around the country have signed a letter urging Congress to replace Sequester spending caps with a budget deal that fairly balances defense and non-defense discretionary (NDD) spending caps. Read the letter.
Please add your organization to the list. The deadline is TODAY, Friday, August 21.

NDC Corporate Equity Fund XII Scheduled to have its’ first Fund Closing in Late Summer 2015

NDC Corporate Equity Fund (NDC CEF) is proud to announce its’ twelfth low-income housing tax credit (LIHTC) fund, NDC Corporate Equity Fund XII, L.P.  The $60 – $75 million fund is scheduled to have its’ first Fund closing late summer 2015.

NDC CEF, provides equity capital for the construction and preservation of affordable housing using LIHTC, Federal and State Historic Preservation Tax Credits and Renewable Energy Credits.

“We owe great thanks to our partners and investors for their continued support of NDC Corporate Equity Fund” said Ann Vogt, Managing Director, NDC Corporate Equity Fund, L.P. “We look forward to investing our time, expertise and equity in projects across the country that will provide much needed quality affordable housing units.”

Over the past 20 years, NDC CEF has successfully subscribed eleven previous multi-investor funds (NDC CEF I through XI) raising and investing more than $550 million in housing for families, seniors and people with special needs nationwide.  The 175 projects in NDC Corporate Equity Fund’s portfolio total over $1.5 billion in investments and include over 7,500 units of LIHTC housing in 29 states.

 

Suffolk County Executive Steve Bellone Receives National Award

NDC Presents the 2015 Robert W. Davenport Community Development Leadership Award to Bellone at the Wyandanch MTA LIRR Parking Garage Ribbon Cutting


August 13, 2015 (Wyandanch, NY) – National Development Council (NDC) presented Suffolk County Executive, Steve Bellone with the Robert W. Davenport Community Development Leadership Award. Bellone is the first ever recipient of this award and is recognized for his incredible work and single-minded focus on making the Wyandanch Rising project on Long Island a reality.

“I am honored that I have been chosen to be the first recipient of the Robert W. Davenport Community Development Leadership Award for the Wyandanch Rising project,” said Suffolk County Executive Steve Bellone.  “Robert Davenport is truly a committed community servant who has dedicated a large portion of his career to ensuring that underserved communities have access to the resources needed to alleviate pervasive poverty  among its residents.  The Wyandanch Rising project is an initiative which is aligned with the mission of the National Development Council and I thank you for finding me and the project a worthy candidate to receive this most prestigious award.”

Wyandanch is a hamlet in the Town of Babylon in Suffolk County, NY just 35 miles east of Manhattan and an hour from Penn Station on the Long Island Rail Road. Bellone’s focus has been to increase development and private capital flowing into Wyandanch.  The Wyandanch Village development, the cornerstone project of the Wyandanch revitalization plan has spurred community revitalization, infrastructure investment in roads, sewers and a parking garage, and creates a transit oriented-brownfield redevelopment that will include affordable rental housing, planned public space, public services, and the Long Island Music Hall of Fame.

“As a result of Steve Bellone’s leadership, Wyandanch is experiencing an incredible transformation, evolving from Long Island’s most economically distressed community to a national best practice model of community inspired smart growth, transit-oriented development.” Said Daniel Marsh Executive Vice President of NDC “I want to commend Steve and celebrate Robert Davenport whose legacy will live on through this award”

About the Robert W. Davenport Community Development Leadership Award

The Robert W. Davenport Community Development Leadership Award is a biennial award named in honor of retiring NDC President Bob Davenport, a nationally recognized community development advocate who has helmed the organization since 1986. Under his leadership, NDC has achieved recognition as one of the Nation’s most innovative and respected economic development organizations, credited with introducing leading-edge financing techniques and programs designed to increase the flow of capital into economically underserved communities.

Sunny View Village Affordable Housing Development Celebrates Grand Opening

August 5, 2015 – NDC will join project partners, investors and supporters at the Grand Opening of Sunny View Village on Whidbey Island. The Event will take place today at 11am at 1667 Scenic Avenue in Freeland, Washington and is sponsored by the Housing Authority of Island County.

Sunny View Village is a newly constructed project that consists of one, two and three bedroom apartments and addresses the demand for affordable family housing on Whidbey Island.  Seven units will have Project Based Section 8 rental vouchers and will be set aside for homeless families, the remaining units are set aside for those earning 50% of AMI and 60% of AMI.

The seven units set aside for homeless families are considered transitional housing and are supported by the non-profit Opportunity Council, to provide referrals, case management and other services at no cost to the project. These services will continue until residents either no longer need them or the family are ready to transition into a self-support program.

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.

We are proud to be a part of Sunny View Village and would like to congratulate our partners and investors on this impactful project!

JOIN the Campaign for a Real Federal Budget Solution!

The federal budget has been on a collision course with sequester spending caps since they were put in place in 2011. With the caps in place, the math just doesn’t add up for programs supporting families and neighborhoods and building a ladder to the middle class.

A Congressional spending bill that lifts sequester spending caps is the most feasible way to avoid the severe cuts to HUD and other programs recently passed by the House and Senate. We need to influence Members of Congress in their districts during their August recess. They return to DC on September 8 to pass a budget deal.

Sign on to join the Caps Hurt Communities Campaign. The campaign will have sign-on letters, call-in days, twitter storms, and office visits throughout the summer. The campaign will clearly tell Congress that families and communities should not suffer from a budget gimmick that does not solve the federal deficit.

Tweet using #CapsHurt hashtag.

 

Sample tweets:

LIFT the unfair budget caps and END the sequester cuts for a stronger and more prosperous America. #CapsHurt http://bit.ly/1DhlV7e

Families thrive because of housing&community development investments. #Congress should increase #AffordableHousing resources. #CapsHurt

America is stronger and prosperous when we have decent, affordable homes & stable communities. #CapsHurt http://bit.ly/1DhlV7

Get creative and combine hashtags, such as #CapsHurt #RuralAmerica. Add images to your Tweets. You’ll find them at www.CapsHurtCommunities.

 

Thousands of activists who care deeply about the effects of sequestration of families and communities are uniting around this campaign over the summer.

 

Sign on to join the campaign now and stay tuned throughout the summer!

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

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