public housing revitalization: building communities together€¦ · public housing revitalization:...
TRANSCRIPT
![Page 1: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/1.jpg)
Public Housing Revitalization:Building Communities Together
April 21, 2015The Lyceum, Hartford, CT
This IForum produced with the support of
![Page 2: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/2.jpg)
STATE-SPONSORED HOUSING PORTFOLIO
REVITALIZATION
![Page 3: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/3.jpg)
Woodcrest Elderly Housing, LP (non-profit for the Somers HA)
Woodcrest Elderly Housing
DEVELOPMENT TEAM: Developer - Somers Housing AuthorityArchitect - Henry SchaedlerConsultant - Real Estate Diagnostics Contractor - Alca Construction
FUNDING:DECD/HUD Home Funds - $3.3MFederal LIHTC Proceeds - $301kFederal Home Loan Bank - $400k
Before
After
![Page 4: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/4.jpg)
Hales Court Housing Associates, LP (Non-profit for the Westport HA) The Villages at Hales Court
(fka Hales Court)
DEVELOPMENT TEAM:Developer : Westport Housing AuthorityArchitect: Gilley Design Assoc ArchConsultant: Millennium Real Estate Svcs.Contractor: Distinctive Homes of CT
FUNDING:LIHTC Proceeds - $13.2MCHFA Loan - $12MDECD Home Funds - $3.5M
Before
After
![Page 5: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/5.jpg)
Allen O’Neill Homes, LLC (non-profit for the Darien HA)
The Heights at Darien (formerly Allen O’Neill Homes)
DEVELOPMENT TEAM: Architect - William CrosskeyDeveloper – AON, LLCConsultant - New Castle Housing Ventures Syndicator - PNC Real Estate Capital
FUNDING: $21,249,000 – LIHTC Proceeds$ 4,292,500 – DECD Home Funds$ 5,914,200 – FHA First Mortgage
Before
After
![Page 6: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/6.jpg)
New London Communities LP(non-profit for the New London HA)
Homes at Pride Point (FKA Bateswood)
DEVELOPMENT TEAM:Developer – New London Communities, LPArchitect – URS CorporationEngineer – URS CorporationConsultant – Real Estate SolutionsContractor – Carabetta Brothers
FUNDING:$7.6M – LIHTC Proceeds$5.6M – CHFA 1st Mortgage$6M – DECD Housing Trust Fund
After
Before
![Page 7: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/7.jpg)
New London Communities, LP(Non-profit for the New London HA)
Homes at Progress Point (FKA Briarcliff)
DEVELOPMENT TEAM:Developer–New London Communities, LPArchitect – VMY Vatois ArchitectsEngineer – URS CorporationConsultant – Real Estate Solutions
FUNDING:Federal LIHTC - $7.7MDeveloper/Investor Cash Equity - $1.7MCHFA Bond Proceeds - $4.1MCHFA Next Steps - $4.6M
Before After
![Page 8: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/8.jpg)
KR Corbin/Pinnacle Holdings, LLCCorbin Heights/Pinnacle Heights
Extension
DEVELOPMENT TEAM:Developer: KR Corbin Pinnacle Holdings, LLCArchitect: Paul Bailey Architect, LLCEngineer: TO Design, LLCContractor: Haynes Construction
FUNDING:Total Development Cost: $80.6MDECD Funds: $15.0MOwner Equity: $0.65M9% LIHTC Proceeds: $40.0MCHFA ITA Funds $19.2MCPS/CHFA Funds $ 3.88M
Before
After
![Page 9: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/9.jpg)
RHA LP (non-profit for THE RIDGEFIELD HA)
Ballard Green
DEVELOPMENT TEAMRHA Limited PartnershipREDI- Development ConsultantsHenry Schadler Assoc, PC- ArchitectNaek Construction co. Inc.- Contractor
FUNDING:$3.2M - State Bond Funding Total$929k – LIHTC - Total$2.5M Construction Loan - Total$600k – Owner Equity – Total$400k - Grant from AHP
The Ridgefield Housing Authority, through their non-profit applied for funding for all of their properties as a whole; subsequently, the Elderly and the Congregate remained in the State Housing Portfolio and the Affordable and Mod Rental Units were taken out of the state program.
Before
After
![Page 10: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/10.jpg)
Glastonbury Housing AuthorityVillage Green
SHRP Funding
AFTER
Before
Development TeamArchitect: Capital Studio ArchitectsContractor: PAC Group, LLC
Funding$3M – SHRP Funding$608K – Reserves$500,000 HTCC$92k – CL&P
![Page 11: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/11.jpg)
Wethersfield HA Highview TerraceSHRP Funding
BEFORE
AFTER
Development TeamArchitect: J. Associates ArchitectsContractor: BRD Builders
Funding$642,828 – SHRP Funding$341,416 – Reserves$258,797 – CL&P
![Page 12: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/12.jpg)
Enfield Housing AuthorityMark Twain Congregate
SHRP Funding
Before
After
Development TeamArchitect: Capital Studio ArchitectsContractor: BRD Builders
Funding
$1.6M-SHRP Funding$496K-Reserves
![Page 13: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/13.jpg)
Middletown Housing AuthoritySunset Ridge, Santangelo Circle & Rockwood Acres
SHRP Funding
AFTER
BEFOREDevelopment TeamAmaya Architects, ArchitectJ. D’Amelia & Associates, ConsultantGibralter Construction, Contractor
Funding$3M-SHRP Funding$2M-Reserves
![Page 14: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/14.jpg)
Sprague Housing AuthorityShetucket Village
1st Year $30M
Before
After
Development TeamPaul B. Bailey - ArchitectsMattern Construction – Contractor
Funding$2.2M – Governor’s 1st year $30M
![Page 15: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/15.jpg)
Sharon Housing AuthoritySharon Ridge
1ST Year $30M
After
Development TeamJ. Associates – ArchitectWomen’s Institute – ConsultantKenneth L. Thomas, LLC – Contractor
BeforeFunding$56,000– CL&P-Utility Incentives$56,000 – Project Reserves$745,000 – 1st Year $30M Funds
![Page 16: Public Housing Revitalization: Building Communities Together€¦ · Public Housing Revitalization: Building Communities Together April 21, 2015 The Lyceum, Hartford, CT This IForum](https://reader033.vdocuments.net/reader033/viewer/2022051511/600cc9d51d70315325024e60/html5/thumbnails/16.jpg)
Bristol Communities LP(Non-profit for the Bristol HA)
Dutton Heights
Funding LIHTC - $4.1MCHFA TEB Funds - $6MFlex Funds - $4.8M
Development TeamCEI Investment Corp - DeveloperCrosskey Architects - ArchitectAcorn Consulting Engineers - Engineer
Before
After