2012 LIHTC Development that Best Exemplifies Major Community Impact

Winner

Greenbridge Commons

Developer: Cleveland Housing Network and EDEN, Inc.
Owner: Cleveland Housing Network and EDEN, Inc.
Location: Cleveland, Ohio

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The most recently completed/occupied project for the Housing First Initiative, Greenbridge Commons was developed as part of a massive effort to curb homelessness in Cleveland, Ohio. Greenbridge Commons is a permanent supportive housing project containing 70 high-efficiency apartments that house chronically homeless single adults, with 97% of the units having been funded primarily through Low Income Housing Tax Credits. Nearly 100% of residents have engaged in on-site social and support services, with more than half participating in volunteer, educational or employment activities. Additionally, less than 2% of the Housing First Initiative’s 500+ participants have returned to homelessness, with employment rates among participants having increased by 15%. It is also a Green Communities building, exceeding all efficiency and environmental standards set by this national standard.

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Judges chose to award Greenbridge Commons due to the effective way in which it addresses the local chronic homeless population, in a sustainable manner that also greatly enriches the surrounding community. The project has contributed significantly to the revitalization of Cleveland’s “Euclid Corridor,” a five-mile main artery between the city’s downtown business, cultural and medical district. After being neglected for decades, today there are more than $3.3 billion worth of projects in the works or recently finished along this five mile artery. The community impact of Greenbridge Common, and other LIHTC-funded projects has been extremely significant, notably allowing the City of Cleveland to close a publicly-funded shelter that was no longer needed due to the success of the permanent supporting housing model.

Honorable Mention

Parkside Village

Developer: RPM Development Group
Owner: RPM Development, Edward Martoglio
Location: Franklin Township, N.J.

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Located in Franklin Township, New Jersey, this project massively upgraded an existing affordable housing complex built in the 1950s, revitalizing the neighborhood and integrating the area with the rest of the community in the process. The project replaced the antiquated units with 140 state-of-theart units comprising a three-story senior apartment building (“Parkside Senior”) and a range of two-family home types (“Parkside Family”). Both are 100% affordable to residents earning less than sixty percent of the area median income with set asides for low and very-low residents.

Whereas the previous development was fenced in and isolated from the rest of the community, the redevelopment of the site allowed for the township’s original street grid to be restored, by reconnecting streets that had disappeared with the original development, encouraging pedestrian use and multimodal transit connections. To date, the redevelopment of Parkside Village saw an investment of over $44,785,000 in Franklin Township.

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