Jan 16 2008
Dedicated to providing funding to "green" affordable housing development, Ohio Green Communities, a collaborative of public, private and state agencies, has recently announced the newest round of funding for Cleveland-based developments. The grants will go to enhance already existing or newly construction multi-family homes for people with low-incomes in Cleveland. The Ohio Green Communities collaborative consists of the Ohio Capital Corporation for Housing (OCCH), Ohio Housing Finance Agency and Enterprise's Green Communities Initiative with support from the National City Community Development Corporation and the George Gund Foundation.
"We are pleased to announce this newest slate of Ohio Green Communities grantees in Cleveland," said Bill Whitney, Cleveland director of Enterprise Community Partners. "Building healthier and more energy efficient homes is not only a national trend, but a local one as well. This collaborative is right in line with Mayor Jackson's 'green' building policy announced last November at the Enterprise Community Conference. Enterprise has assisted in building affordable homes here in Cleveland for over 20 years, and by adding the green element to our work, we are helping to build more fit and healthy homes for families and others in need in our city."
The 2007 Ohio Green Communities Developments are:
- Cogswell House - Located in the Detroit Shoreway neighborhood of Cleveland, Cogswell Hall and the Detroit Shoreway Community Development Organization will renovate and expand this supportive housing development for independent females. This $6.7 million project will include 18 renovated units and 22 new affordable apartments.
- Village Green Elderly - Cleveland based developers, NRP will construct a 50-unit independent elderly facility at East 182nd and Euclid Ave. Project costs will be $8.3 million.
- Tremont Pointe - Phase II - Developers McCormack Baron Salazar and the Cuyahoga Metropolitan Housing Authority will build the second phase of this major Hope VI mixed-income project. The 99 units to be completed in Phase II will bring the total number of apartments and for-sale homes in the Tremont Point development to 200, making it the largest Ohio Green Communities development funded to date.
Ohio Green Communities brings up to $25 million in equity from the federal Low Income Housing Tax Credit program, grants, technical assistance and additional flexible financing to developers building affordable housing. As a part of the Enterprise Green Communities Initiative, each project will meet the Green Communities Criteria and will include a green building professional on the development team. All Ohio Green Communities projects funded to date in Cleveland received strong support from the city of Cleveland. Other local Enterprise Green Communities programs are based in Florida, Massachusetts, Michigan, Minnesota and San Francisco, and in additional cities through out the country. For more information on the Ohio Green Communities program, visit http://www.greencommunitiesonline.org/about/programs/ohio.asp.
Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For 25 years, Enterprise has pioneered neighborhood solutions through public-private partnerships with financial institutions, governments, community organizations and others that share our vision. Enterprise has raised and invested $8 billion in equity, grants and loans to help build or preserve 225,000 affordable rental and for-sale homes to create vital communities. Enterprise is currently investing in communities at a rate of $1 billion a year. Visit http://www.enterprisecommunity.org and http://www.enterprisecommunity.com to learn more about Enterprise's efforts to build communities and opportunity.