Richard Sullo remembers his reaction when he saw his new apartment for the first time last September.
“I looked at this, and I thought, ‘Holy mackerel!’” he said while sitting on a couch in his one-bedroom unit next to Tazz, his Yorkshire terrier.
Sullo, 70, was one of the first people to move into Patriot Place Apartments, which celebrated its grand opening Thursday. The apartment complex on South Pecos Road in eastern Las Vegas serves renters with low incomes, but its mix of 50 one- and two-bedroom units are spacious with hardwood floors and new appliances.
“This is what happens when people come together and collaborate,” said Stephen Vander Schaaf, president and CEO of Accessible Space, which built the apartment complex.
Patriot Place Apartments cost about $14 million to build, but some $12 million of that came from Accessible Space selling federal tax credits it received from the Nevada Housing Division.
Having less debt on the project allowed the company to charge lower rents. Additionally, the Southern Nevada Regional Housing Authority and the U.S. Department of Veterans Affairs allocated the project 49 Housing Choice Vouchers to ensure residents pay no more than 30 percent of their income on rent.
As home prices and rental rates soar across Nevada, about 168,000 families in Clark County need assistance obtaining affordable housing, according to the state’s Annual Housing Progress Report.
Today, 44 of the apartments house a U.S. veteran, many of whom have physical disabilities. Thirteen residents were formerly homeless.
Sullo, an Air Force veteran who pays $311 a month in rent, said Patriot Place isn’t just putting an affordable roof over peoples’ heads. Once a month he hosts a poker night, and twice a month there’s guided meditation to help residents living with post-traumatic stress disorder.
“They have managed to make this a place where you can get involved and do stuff,” Sullo said.
Accessible Space soon hopes to break ground on an additional 48-unit affordable housing complex, Allegiance Apartments, less than a mile away later. Those units will likely fill up quickly, too; the wait list for Patriot Place Apartments is nearly 2,000 applications long.
“When you see thousands and thousands of applications, it tears your heart apart because it shows how great the need in our community is,” housing authority interim Executive Director Amparo Gamazo said. “This is why we’re here.
Source: Las Vegas Review Journal
"We owe these folks a debt,” says Nevada Rural Housing Authority (NRHA) Deputy Director Bill Brewer, speaking of the veterans who’ve found a home at Richard’s Crossing, an affordable housing complex in Carson City, NV. “And life gets a lot easier when you have a place to sleep, to eat, and shower. That’s just critical to have, before counseling, or job training, or whatever else folks may need.” Eight of the complex’s 39 units are reserved for veterans, but currently 15 of the residents, all of whom are supported by project-based vouchers, are veterans.
Rickie Yokum, a 68-year-old disabled Army veteran who served in the Vietnam War, had not been using many of the services available from the Veteran’s Administration, except for medical. “I’d go in there and think the other guys I see here, they need to go ahead of me.” But it’s because of the HUD-Veterans Affairs Supportive Housing (HUD-VASH) voucher program that he was able to secure one of the units reserved for formerly homeless veterans at Richard’s Crossing.
Rickie found himself with no place to live after discovering that the roommate he shared an apartment with in Carson City had not been paying the rent. He had just four days to find other accommodations. After tapping out his savings staying in a motel for six months, he found a card in his wallet for the local Veterans Resource Center (VRC), a private organization that fills a critical gap on the ground for an over-stretched VA. The VRC put him up for a while at a hotel, then suggested he apply for housing at Richard’s Crossing.
“It’s a secure place to live – that’s a big deal,” Rickie says. “I know what the next day, the next week, the next month, holds for me.” The stable, affordable housing situation at Richard’s Crossing helps him provide support to his girlfriend, who’s battling breast cancer. “We’re not rich, but we don’t have to eat Top Ramen every day of the week.” And there’s room for Bumpers, the dog. Adopting Bumpers two and a half years ago is one of the better decisions he’s ever made, Rickie says.
Greg Robertson, 59, also has high hopes for how the housing stability at Richard’s Crossing might help him overcome some self-destructive tendencies. He served in the National Guard for 3 years, back in the 1980’s, in peacetime. But he didn’t have a lot of schooling and spent a lot of time bouncing around after his service. “I was in a tent down the street from here,” he says. “My MO is to build myself up, and then tear myself down. I’m hoping that by being here I can get over that, and be more stable.”
Anita Dollinger’s husband Phil, a Navy vet, is also contending with serious health issues and making frequent trips to the VA hospital in Reno. “We’ve been technically homeless for the last five years,” she says. “Our last hotel was old, dirty, bug-infested. We came here and took a tour and we were just amazed.” The couple is very appreciative of all the services and resources they are able to access at Richard’s Crossing as they consider the options for treating Phil’s heart issues.
But as far as Anita is concerned, the best and most surprising thing about moving into Richard’s Crossing was that their apartment came fully stocked. “Toaster, microwave, dishes, pots and pans, cleaning supplies!” she exclaims. “I don’t know who had the initiative to get this stuff for us.”
The “who” Anita is referring to is the Carson City community. The household supplies that mean so much to her arrived at the complex in the same way the property’s cozy second floor library got set up – on the initiative of members of the community who have taken it upon themselves to help. Heather Simola, Real Property Administrator for NRHA, explains that she went to Browser’s Corner, a used bookstore, prepared to buy books for the library, but didn’t have to spend any money there. “The next day the manager was here with boxes and boxes,” she says. “They just handle it. It’s that human part, a random act of kindness.” Someone from the shop visits regularly not just to replenish the stock, but to shelve and alphabetize the growing book collection.
Other community contributions include the framed photos that line the hallways, created and donated by a local high school photography class, plants donated by the school’s cooperative extension horticulture program, food for the pantry – not just for people but for pets, too – donated by shops. At Christmastime, local groups got together to provide Christmas stockings and a handmade quilt for every household. “One of my favorite things about this property is that we have had no NIMBYism at all, not one call from neighbors asking why we were putting this here,” says Bill Brewer. “It’s just remarkable how the community has adopted us.”
The community’s generosity is not lost on Rickie Hokum. “Being here makes me want to give something back, to help someone else out,” he says, “Because I’ve certainly gotten my fair share of help.” He’d like to work a little, but not full-time. Job training and other supportive services are offered at the property in collaboration with the local Friend in Service Helping organization.
Richard’s Crossing complex is the first project of its kind in rural Nevada, and received a $390,000 AHP grant through member Charles Schwab Bank. According to Beth Dunning, Business Administrator, Community Development Group at NRHA, the project was over budget because of high construction costs, and the AHP grant was critically important to helping them make up the deficit. “Charles Schwab Bank has enjoyed a long-standing relationship with the Federal Home Loan Bank of San Francisco,” said Michael Soloman, Vice President, Community Development Group. “We welcome the opportunity to support effective projects like Richards Crossing that address specific housing challenges in our community.”
Being able to serve veterans means a lot to everyone at NRHA, but especially to Scott Kelley, the organization’s PR director, who is also a veteran. “Veterans are a very proud group of people,” Scott says. “After some of the traumatic experiences they’ve had, it’s hard to come back into civilian life. We’re filling a need as much as we can, and that feels great.”
But Richard’s Crossing is not just for veterans. The need for safe, decent, affordable housing in Carson City is huge across the board. “We have a mom with two children, we have couples and singles, and there’s 2-year-old Bella, who plays the role of a surrogate grandchild for those who have none. Plus a gentleman with a wheel chair who just celebrated his 90th birthday – he was living in a van before he got here,” Heather says. “So we change all kinds of lives.”
Source: FHL Bank San Francisco
NV--Entire Senior Apartment Community to be Relocated--Groundbreaking for New Affordable Rose Gardens Senior Apartments in North Las Vegas
The 42-year-old Rose Gardens Senior Apartments and its 120 units are feeling their age and are in need of interior and exterior nips and tucks. Instead of continuous repairs or renovation, an entirely new Rose Gardens Senior Apartments – with more amenities and services – will be built with all 120 households to be relocated together in a new affordable apartment community across the street from their current North Las Vegas location.
This is the first project of its kind in Clark County with permanent resident relocation to new facilities compared with a few previous temporary relocations during the renovation. Rose Gardens is a Senior Public Housing Development of the Southern Nevada Regional Housing Authority (SNRHA). The estimated $21 million cost to develop the new Rose Gardens affordable senior community is through the federal government’s Rental Assistance Demonstration (RAD) public-private partnership program.
"Our seniors at Rose Gardens are the heart and the history of our community, and we are so pleased they will soon have a new state-of-the-art campus to enjoy as we continue to focus on and revitalize the more mature parts of our community," said North Las Vegas Councilman Isaac Barron, whose Ward 1 covers the area. “This is an exciting day for the seniors who live in the Rose Gardens apartments. In just over a year, they’ll be living in new apartments across the street from their current location and will have access to even more services than they do now,” said Clark County Commissioner Lawrence Weekly, whose District D covers the area. “I’m thrilled that we at Clark County could help bring this project to fruition.”
To mark the beginning of construction of their new home, Rose Gardens residents were joined by project partners, managers and funders for a groundbreaking event today with remarks and a traditional turning-the-dirt ceremony at the 1731 Yale Street site. Participants included Councilman Barron; Commissioner Weekly; North Las Vegas Councilman Scott Black, Ward 3 and SNRHA board member; Tim Whitright, Nevada Housing Division deputy administrator; Amparo Gamazo, SNRHA interim executive director; Kristin Cooper, Clark County principal planner, Community Resources Management Division; Michael Mullin, Nevada HAND founder and CEO; and other Clark County, North Las Vegas, Nevada Division of Housing, Nevada HAND and SNRHA representatives.
SNRHA has chosen to partner with Nevada HAND (Housing And Neighborhood Development) and its affiliate company HAND Construction to manage and build the new Rose Gardens Senior Apartments. The nonprofit real estate development and management organization was formed in 1993 to improve the lives of low-income individuals, families and seniors in Southern Nevada through affordable housing solutions and supportive services.
Residents are expected to move into their new apartment homes in December 2018. There will be no cost to them for the move; and their rent, which includes utilities, is not expected to increase from the 30 percent of adjusted household income they pay.
“We’re excited to be involved in Rose Gardens with so many great partners and revitalization in North Las Vegas to give residents a brand new home and features and services they currently don’t have,” Mullin said. “This type of public-private partnership is the perfect complement for our mission at Nevada HAND for residents at our properties to reach their full potential by creating opportunities for them to live well through support of economic stability, wellness, education and community engagement.”
Residents are excited too. “We’ve all known about this and have been looking forward to it for some time. Everybody knows everybody here,” said St. Clair Haywood, Jr., president of the Rose Gardens Resident Council.
In addition to new apartments, residents will get more amenities and access to services that are standard at Nevada HAND’s 31 other local affordable family, senior and assisted living communities.
These include a computer lab with free high-speed internet, fitness center, theater room, music room, dog run, community gardens, BBQ/picnic facilities, gated parking, more secure building access, full-time property manager and on-site resident services with access to financial, supplemental nutrition, and public resources; volunteer and education opportunities; and social programs.
During construction, residents will remain in their existing apartments. Upon completion, SNRHA and Nevada HAND will work together to make the relocation process seamless. Coordination and support will cover relocation assistance and counseling, transportation and moving services, utility and service transfers, social and support services, and elderly and disability assistance.
The new Rose Gardens will have 102 one-bedroom apartments of about 723 square feet and 18 two-bedroom units with approximately 928 square feet. These are larger than the current units and have more storage space, a private exterior balcony and energy efficient upgrades such as Energy Star-certified appliances. Currently there are 60 studio apartments and 60 one-bedroom apartments.
The design of the new apartments follows Leadership in Energy and Environmental Design (LEED) concepts and will result in lower energy costs at the complex. There also will be a recycling program.
Upon project completion, the existing 1632 Yale Street facilities will be demolished with future plans for the site to be determined.
About Nevada HAND
Nevada HAND (Housing and Neighborhood Development) was formed in 1993 to improve the lives of low-income individuals, families, and seniors in Southern Nevada through affordable housing solutions and supportive services. The mission-based nonprofit 501(c)(3) real estate development and management organization uses various funding strategies (government grants, programs, and philanthropy) to develop affordable communities and it provides on-site services to help residents’ economic capability, wellness, success in school, and community engagement, creating opportunities for residents to live well, and for neighborhoods to thrive. Nevada HAND has built and currently manages 31 apartment communities that are affordable to working families and seniors living on fixed incomes. More than 7,000 people throughout the Las Vegas metropolitan area live in Nevada HAND communities, including two of the only affordable assisted living facilities in Nevada providing 24-hour support to individuals needing a higher level of care. For information, visit www.nevadahand.org or call (702) 739-3345
Source: Nevada Business Magazine
There was no guarantee it would work, but two years after the Housing Authority of the City of El Paso (HACEP) started a pioneering use of the U.S. Department of Housing and Urban Development’s (HUD’s) Rental Assistance Demonstration (RAD) program, HACEP reached a major milestone.
Phase I is done.
Nearly 1,600 public housing apartments were renovated through low-income housing tax credit (LIHTC) equity and moved to Section 8 contracts. The full conversion of all 6,300 HACEP homes–which house about 6 percent of the El Paso, Texas, population–is on track.
“This has been a very difficult and exhilarating transformation,” said Gerald Cichon, chief executive officer (CEO) of HACEP. “We’re very satisfied with getting through the first phase because it’s proven the concept that we can do it financially and physically.”
On May 5, HACEP and its partners celebrated the official completion of the first phase of the largest RAD initiative in the United States: 1,590 apartments across 13 properties. In addition to the RAD development, two properties that included the reconstruction of 294 homes were concluded. The goal is to revitalize HACEP’s housing portfolio by 2020. There have already been 2,500 family moves, 500 jobs created and more than $550 million invested.
“We are protecting ourselves from [federal] budget downturns,” Cichon said. “Public housing will cease to exist in El Paso in 2020. The 14th-largest public housing agency in the nation will cease to have public housing in the next 2½ years.”
Nick Hoehn, a partner in Novogradac’s Austin, Texas, office, who worked on the transaction, sees this as a landmark. “HACEP and its partners took a new program and showed how it can work,” Hoehn said. “Their success is testament to their commitment and passion to housing. This development shows how RAD can be leverage through a public-private partnership, even on this large a scale.”
Road to the Start
Not long after HUD announced the RAD initiative in 2012, HACEP got on board.
“HACEP really went all in and submitted for its entire portfolio to be converted,” said William Teschke, director of Alden Capital Partners, syndicator of the LIHTCs to three investors, who combined to provide more than $76 million in equity for the rehabilitation. “They were awarded 10 percent of the first 60,000 units allocated nationally under RAD.”
The project was split into three tranches, with the first including 1,590 apartments. Hunt Companies–which included Alden Capital Partners at the time–became the co-developer and syndicator. Alden became independent of Hunt in 2015.
The RAD program was new for everyone.
“There were a lot of things,” said Robin Vaughn, president of public infrastructure capital markets at Hunt Companies. “We were pioneering and it was the largest RAD development that happened. It was the first for the lender, syndicator, housing authority, everyone.”
The biggest hurdle was relocating residents. The apartments were at 98 percent occupancy–and many residents were elderly, disabled or both.
“We had to move 1,590 households, some of them twice,” Teschke said. “HACEP had a really good relocation team. That was one of the most impressive things. They hired the right people and created their own software to handle the complexity of all the moves. Relocation is always one of the biggest questions and concerns for investors on a project like this, but HACEP was well-prepared to handle it on a large scale. They deserve kudos for that.”
Cichon said it wasn’t as simple as just moving people around. He cited such things as proximity to needed services and schools, residents who had caretaker relatives nearby and physical challenges with moving to a new property.
“Our biggest innovation was creating a customer service model that creates a list of vacancies and addresses, along with human need,” Cichon said. “We created our own software and had to gather information–schools, who in the family cooks, locations of bus routes and hospitals, occupied and unoccupied units and more. We had to create software surveys and overlays so we could put people in the right units. The logistics are significant. We couldn’t find any maps like that, other than natural disaster areas.”
There was also the challenge of fulfilling the requirements of the LIHTC and HUD programs.
“There are conflicting regulations with RAD and the tax credit program,” Vaughn said. “In public housing, residents have the right to return, regardless of income. But, LIHTC rules conflict with that [due to income restrictions]. You also have a situation where existing residents have accessibility needs, unit-size requirements–meaning the number of bedrooms and a right to return. In some instances, the LIHTC rules required us to change the bedroom mix of the accessible units. So the challenge becomes how to accommodate residents with a right to return when the unit size they require no longer exists at their property as an accessible unit.”
Despite those hurdles, the challenging preparations went off with few hiccups.
“There hasn’t been one complaint to city officials,” Cichon said. “And I’ve only handled a handful of complaints myself. The relocation team members have social service backgrounds, so from the resident perspective, it’s been very successful.”
Relocation wasn’t the only issue.
Teschke said talks with HUD were sometimes complicated. “Combining this many properties into one transaction was new for everyone. We had prepared one ground lease for all 1,590 units and then HUD asked us to do 13 [one for each property],” Teschke said. “There were just a lot of aspects that were difficult to navigate.”
And, there was a large number of people involved.
“The other thing that was important to us was the weekly conference calls,” Vaughn said. “That involved the whole team going over the status. There were sometimes 20 or 30 people: the lender, syndicator, architect, housing authority, contractor and more.”
The contractor was Moss and Associates, the architect was Fugleberg Koch, civil engineering was done by SLI and the ADA design was performed by Fokus on Architecture.
Completion of the first phase came with plenty of lessons.
“It’s great for everyone involved to now be able to say that the project has been successfully built,” Teschke said. “We’re all glad to have been a part of it. For Alden, having our name attached to this project helps position ourselves as a syndicator with RAD expertise and experience in structuring large and complex transactions.”
Vaughn said the process was complicated, the results good. “The final product looks as good as or better than expected,” Vaughn said.
In the RAD world, HACEP and its partners are rock stars.
“It’s not just calls here, it’s that when we go to industry events, we get swamped,” Cichon said. “We’ve probably had 20 housing authorities come out in the past 20 months to meet with our staff, maybe seven to 10 people at a time. And we also get a lot of phone calls.”
Some of the lessons for HACEP were unique to its role as a pioneer.
“You need to have partners that have either done it or are intuitive enough to come up with solutions,” Cichon said. “We had to find people who were innovative. That’s why Hunt and Alden were great. The other learning thing is the amount of touch and communication you need with the community.”
With the first phase complete, HACEP and its partners are shifting new-construction apartments into the RAD program and preparing to renovate the final 3,000 apartments in a phase that will run through 2020, create an additional 500 jobs and bring the investment to $1.3 billion.
Cichon said a change in how Texas awards LIHTCs played a big role.
“For the first 1,600, we had to wait until the tax credits are awarded in August to close. But they changed the state law to allow multiple closings during the year,” Cichon said. HACEP completed 25 tax credit closings in the first 24 months of the program and has six more due before the end of 2017.
The result is a new role for the agency.
“We took a government entity and reduced staff by 50 percent to operate efficiently–but we still have to meet the needs of our clients,” Cichon said. “We shifted to a lean organization that runs as lean as a private entity. That was a significant change, to reduce staff and change the mindset.”
That change will continue.
“In the next five years, [HACEP is] going to be a completely different business entity,” Cichon said. “Instead of being an agency that receives taxpayer funds to house low-income people, we’ll be a producer that provides housing on our own income stream without taxpayer assistance. Our plan is to grow in strength financially.”
The goal shifted, too.
“We’re trying to think about what we can do to have a positive economic impact on El Paso,” Cichon said, citing a 17-story high-rise building HACEP will renovate using historic tax credits as an example. “We want to take low-income housing to higher-opportunity areas, then allow us to be drivers of economic change. RAD is the journey, not the final product. The final product is you have money to innovate for opportunities. It stabilizes the housing problem and allows investment in the future.”
The pioneers of RAD are moving toward the next stage.
The drain line for Lloyd Williams’ air conditioning unit clogged again last month, soaking the carpet in his one-bedroom apartment.
It was familiar territory for the 67-year-old who lives in Rose Gardens, North Las Vegas’ only public housing complex.
Williams said his air conditioning, sink and bathtub have clogged almost 10 times since 2013, when he moved into the complex for seniors. He found out his upstairs neighbor’s air conditioning also malfunctions when water trickled into his apartment.
Maintenance workers typically take care of the problems in 24 hours, Williams said, but he once waited four days for them to fix the tub.
“They’re on top of this stuff pretty good, but the problem is they just can’t keep up with it all,” he said.
The 42-year-old Rose Gardens is feeling the effects of time.
Southern Nevada Regional Housing Authority records show that more than 1,700 emergency and urgent work orders have been placed at the 120-unit complex over the past three years. Nearly half were related to plumbing.
Relief on the way
The federal government has estimated that completing necessary repairs and upgrades Rose Gardens would cost nearly $12.5 million, but there are no plans to rehabilitate the old building.
Instead, the housing authority will build a new Rose Gardens at Tonopah Avenue and Yale Street, across the street from the current building. The project is part of a larger initiative by the city of North Las Vegas to improve the surrounding neighborhood.
“Overall it will be an energy-efficient building, a water-smart building,” said Amparo Gamazo, the housing authority’s interim executive director. “The residents are living in a very tired and old building that the systems are failing. In the new building we’ll go through an adjustment in the beginning, but we should not have any of those (problems) they’re having right now.”
The new complex will cost an estimated $21.6 million and have 102 one-bedroom units and 18 two-bedroom units. The current building will be razed after the new one opens.
Rebirth through RAD
Rose Gardens’ rebirth will be facilitated through the federal government’s Rental Assistance Demonstration program, which allows housing authorities to form public-private partnerships and borrow private money to repair and rebuild public housing.
“It has allowed for a mechanism to address this backlog of repairs we’ve seen needed in the nation’s public housing stock,” U.S. Department of Housing and Urban Development spokesman Ed Cabrera said. “Prior to RAD — outside of federal funding — there wasn’t really any source of capital for this type of investment.”
The regional housing authority has partnered with the nonprofit Nevada HAND to build, own and manage the new Rose Gardens. Rent for residents should not increase from the current rate of 30 percent of their adjusted income.
HUD has approved 10 more public housing properties for the Rental Assistance Demonstration program, Amparo said. The modernization of the 100-unit, 44-year-old Espinoza Terrace in Henderson is expected to start in spring.
Program has local history
Rose Gardens will be the fourth Southern Nevada Regional Housing Authority property rebuilt or rehabilitated through a public-private partnership.
Last year the housing authority made improvements to the Vera Johnson Manor B family apartments and the 31-year-old Biegger Estates just north of Henderson. Landsman Gardens, the first public housing complex for families in Clark County, was torn down and rebuilt.
Donna Dinnauer, a resident of the community since 1999, said her family lived in another local public housing project for about three years before moving back to Landsman Gardens after it reopened in 2015.
She’s pleased that her home no longer has a roach problem or black mold growing in the corners of her ceiling; but there has been a downside. Dinnauer said her rent has increased by about $30 since she moved back.
“My income hasn’t changed, but they want to charge me more,” she said
Source: Las Vegas Review Journal
230 Senior units in Reno Nevada by Greenstreet
Time Lapse Construction Camera
Governor joins in celebration for new apartments, hospital funds Gov. Steve Bullock joined in two celebrations Friday in northcentral Montana that included the opening of 38 homes for senior housing in Great Falls and to announce grant money to be used to upgrade a hospital in Fort Benton.
Missouri River Medical Center in Fort Benton will receive $800,000 in Community Development Block Grant funds to help the critical-access hospital do mechanical system upgrades to its aging facility, Bullock said.
“Our rural critical access hospitals are essential to providing the quality of life all Montanans deserve and literally save lives by providing emergency services,” Bullock said.
He said the funds will help Fort Benton keep good-paying jobs all while improving access to health care in this rural area of the state.
As a critical access hospital, the medical center must have emergency staff on hand at all times.
The grant will help fund the replacement of failing or outdated mechanical equipment, including emergency generators, a new fire alarm system, and a new heating and cooling plant, state officials said. Funding will allow the hospital to retain 65 full-time, good paying jobs.
The governor noted rural hospitals are at risk under the proposed American Health Care Act, which threatens to gut Medicaid and disproportionally harm states with significant rural populations, like Montana.
Earlier in the day, the governor attended the grand opening of 38 affordable homes at the Voyageur Apartments at 1630 Division Road, in Great Falls.
The apartments are for seniors and those living with a disability and funded by more than $7 million from the Montana Department of Commerce HOME Investment Partnership and Housing Credits programs. Bullock said Montana’s seniors have helped to build the state and make it a place “we can be proud to call home.”
He said the homes will provide a safe and affordable place for aging Great Falls residents.
The $8.2 million Voyageur Apartments will be home to Great Falls seniors aged 55 and older, and people living with a disability who earn less than 60 percent of the Area Median Income. That’s an annual salary of about $25,440 for a one-person household. The rental homes will remain affordable for at least 31 years.
The three-story residence includes accessible physical spaces and social supports to allow seniors and disabled residents to age in place in a setting that promotes independence.
The project was put together by Accessible Space Inc., a nationally-recognized leader in wheelchair-accessible housing. Other funding sources include the Great Falls HOME Program, US Bancorp, and the Federal Home Loan Bank of Chicago Affordable Housing Program. For more information, visit www.housing.mt.gov or call 406-841-2840.
Source: Great Falls Tribune
On May 5, 2017, the Housing Authority of the City of El Paso (“HACEP”) and Hunt Companies, Inc. (“Hunt”), along with other industry partners, celebrated the official completion of the largest Rental Assistance Demonstration (RAD) initiative in the United States. This revolutionary revitalization effort, which began only two years ago, culminated with a community block party, “Let’s Fiesta!” event, at the Kennedy Community Gym where close to 3,000 residents and special guests were in attendance.
In April 2015, HACEP started on a path set out by the U.S. Department of Housing and Urban Development (HUD) to revitalize 100% of its affordable housing portfolio, totaling 6,100 units through 2020. Since then, HACEP, through both its public and private partnerships, has completely reconstructed 294 units at two newly developed communities, rehabilitated 1,296 units across 14 different communities throughout El Paso, coordinated and executed over 2,000 family moves, created over 400 jobs for the City, and injected over $300 million of investment into the local economy. To date, these efforts make up the first major phase of HACEP’s RAD initiative, or 30% of HACEP’s entire affordable housing portfolio. Hunt’s wholly-owned subsidiaries and affiliates involved in this effort include Hunt Development Group, Moss Construction, Hunt Mortgage Group, and Hunt Capital Partners.
At this milestone, HACEP and Hunt invited over 3,000 El Pasoans, including residents and students directly involved with the RAD initiative, to recognize the impact the development has had on the community. The event began with a commemorative ceremony featuring a keynote address by Regenia Hawkins, Region VI Director, U.S. Department of Housing and Urban Development, Office of Public Housing. Other special guests in attendance were Burt Blacksher, Board Chair, HACEP; Gerald Cichon, CEO, HACEP; Oscar Leeser, Mayor, City of El Paso; Robin Vaughn, President of Public Infrastructure, Capital Markets, Hunt Companies; Jeffrey Weiss, President, Alden Capital Partners, LLC with Alden Torch Financial; and Yolanda Diaz, Former HACEP Resident and now President of MIRADOR Enterprises, Inc. HACEP Completes First Phase of Largest Rental Assistance Demonstration Initiative in U.S. Completion Culminates into a Community Celebration
“An initiative of this magnitude would be a grand gesture for any housing authority, to rehabilitate 100% of its affordable housing portfolio,” shares HACEP Board Chairman Burt Blacksher. “Today, as we celebrate the completion of the first major phase in this effort, we are proving that anything is possible.”
“Hunt is pleased to have partnered with the housing authority and we’re proud of the high quality communities that were delivered to the residents of El Paso as part of this RAD program,” said Robin Vaughn, President of Public Infrastructure, Capital Markets at Hunt.
“Many housing authorities across the country have answered the call of RAD, an opportunity to improve the homes for thousands of families who need them,” stated Regenia Hawkins, Region VI Director of Public Housing, U.S. Department of Housing and Urban Development. “But I can honestly say that there is no one leading the RAD initiative like the way they are doing right here in El Paso.”
Major highlights of the commemoration included biographical profiles of HACEP residents who shared their stories and the impact of RAD, a presentation of the physical transformation of each of the sixteen HACEP communities, and a recount of how HACEP received the Bond Buyer’s 2015 Small Issuer Financing Deal of the Year Award, which helped finance thirteen communities in Phase I.
Following the commemoration, “Let’s Fiesta!” guests enjoyed an array of carnival games, inflatables, entertainment and performances from regional talent. Food, photo booths, art stations, prizes and giveaways were also offered all free of charge.
HACEP would like to recognize the following sponsors and partners for the “Let’s Fiesta!” event: Hunt Companies, Alden Capital Partners, Moss Construction, and Freddie Mac.
As the community celebration helps HACEP close out the first phase of RAD, it also launches HACEP into the next major phase of the RAD initiative that will run through 2020. Within the next five years, HACEP’s pursuance of the RAD initiative will create an estimated additional 600 jobs across El Paso and will bring the total economic investment to an estimated $1.3 billion.
Source: Business Wire