women’s institute for housing and economic development · 2013-03-06 · housing preservation and...

Women’s Institute for Housing and Economic Development

The Women’s Institute for Housing and Economic Development is a national award-winning affordable housing development organization, whose core mission is to promote economic opportunity and build strong communities by developing safe, affordable and supportive housing for individuals and families. Our strategic focus is to bring the strength of our organization in offering collaborative development approaches that work within and for communities, and create and sustain partnerships that address the housing needs of local residents, neighborhoods, and towns, creating a collective community impact that reaches far beyond the creation of the housing units.

We achieve our mission by:

1. Developing affordable and supportive housing by bringing our development expertise and project management capacity to communities across Southern New England while working in partnership with local organizations to create and/or preserve quality, affordable housing.

2. Promoting economic opportunity by building housing that is affordable, decreasing the too often disproportionate amount of income that many individuals and families currently budget for their housing. Our projects consistently prioritize housing for very low-income households.

3. Building strong communities by creating enduring partnerships that provide support to resi-dents, neighborhoods, and communities.

By partnering with community groups, local leaders and service providers, the Women’s Institute creates affordable housing that enhances the quality of life for residents, increasing their ability to be successful in housing and move toward economic independence.

Building Homes and Opportunity

15 Court Square, Suite 210, Boston, MA 02108 61 Main Street, Second Floor, Middletown, CT 06457www.wihed.org 800-720-1195

Pre-Development• Develop project concept• Analyze potential sites • Identify design priorities• Navigate zoning and community process• Analyze financial feasibility

Pre-Construction• Advance construction documents• Negotiate with lenders• Determine property operations• Provide relocation services• Prepare for finance closing

Construction• Provide construction monitoring• Prepare requisitions • Coordinate permanent loan closings• Assist with close-out and audit prep

Operations and Asset Management• Assist with lease-up and marketing• Oversee loan compliance and reporting• Train staff in financial oversight

General Project Management• Provide owner representation and support• Monitor schedules• Select & coordinate development team• Provide financial management• Provide strategic advice

The Women's Institute promotes economic opportunity and builds strong communities by developing safe, affordable and supportive housing for individual and families.

With offices in Massachusetts and Connecticut, the Women's Institute serves as the developer or development consultant of affordable housing projects, bringing development expertise and management capacity to communities across the region, while working in partnership with local organizations to create and preserve quality housing.

Services


Achievements


In our 31 years, the Women’s Institute has:

• Completed 110 development and consulting projects

• Created or preserved 1,547 units of affordable housing

• Worked with over 100 service providers and community partners

• Developed nine properties totaling 294 units, which we continue to own and operate

• Partnered with seven Housing Authorities to develop nine properties totaling 288 units

• Developed nine properties totaling 338 units that are financed by Low Income Housing Tax Credits, of these projects the Women’s Institute owns six properties totaling 233 units

• Developed one Homeownership Development totaling 20 units

• Developed two revolving loan funds, one to support projects in pre-development and one to encourage the development of affordable rental accessory apartments

The Women’s Institute has received the following awards:

• CT Housing Coalition award for Best Practices in Collective Impact for Ferry Crossing

• CT Mortgage Bankers Association Affordable Housing Committee Award For Providing Affordable Housing Opportunities to CT Residents

• Twice awarded the Fannie Mae Maxwell Award for Excellence for GrandFamilies House and Acushnet Commons

• J. Timothy Anderson Award for Excellence in Historic Renovation through the National Housing and Rehabilitation Association for Acushnet Commons

• Novogradac Development of Distinction Award for The Eleanor and The Franklin

• Enterprise Innovative Ventures Award for Soromundi Commons

• Boston Society of Architects Award for Innovation in Built Structures

Housing We Create


Permanent Supportive Housing These apartments combine affordable housing for very low income individuals with social services, allowing residents to live independently. As opposed to shelters, prisons, and hospitals, supportive housing provides the most cost effective housing option for those individuals most difficult to house. Residents may be at-risk or chronically homeless, requiring case management services, including job training, life skills training, alcohol/drug abuse recovery programs and mental health services. The Franklin offers 48 affordable supportive housing apartments in urban Bridgeport, CT.

Affordable HousingHousing affordability is defined as spending no more then 30% of household income on housing. We create affordable housing for a variety of income levels, including those individuals and families at 25%, 50%, 60%, and 80% of the area median income, ensuring that residents are not over burdened by their housing costs and have sufficient resources for education, health care, and other necessities. Indian Field Apartments is comprised of 40 units of affordable housing for individuals and families located in rural Northwestern Connecticut.

Congregate Housing Congregate housing is designated for seniors 62 years of age or older and provides community space and on site services, such as prepared meals and health services. CHOICE Center at North Village provides 32 units of congregate housing in the Greater Lowell Area, MA.

Permanent Supportive Housing for VeteransSupportive Housing for Veterans is similar to supportive housing. Services are tailored to serve the complex needs of Veterans, many of whom may be displaced, suffering from the lingering effects of Post Traumatic Stress Disorder (PTSD), and substance abuse, which are compounded by a lack of family and social support networks. American Legion Housing is 18 permanent supportive housing units for Veterans in Eastern Connecticut.

Homeownership Crescent Field Townhomes includes 16 homeownership units in the greater Boston area. Eight units are market-rate units and eight are first-time homebuyer occupied.


Housing We Create

Mixed Use DevelopmentMixed use development provides commercial, retail and program space, in addition to residential apartments, creating vibrant neighborhoods with a variety of uses. Capernaum Place, located in Merrimack Valley, MA, includes program space for education, job training, children’s programs, counseling, and administrative offices which provides residents and members of the community with an array of supportive services and programs.

RedevelopmentIn addition to Ingraham Place, originally a school, the Women’s Institute has redeveloped a former hospital, American Legion Hall, State Police Barrack, and a YWCA Building into housing. Ingraham Place includes 19 rental units as well as program/commercial space and a community center in the South Coast Region of Massachusetts.

Acquisition and Preservation The Women’s Institute’s expertise can assist those affordable properties that are either nearing the end of their required affordability periods, are at risk of being lost to the open market, or those requiring debt restructuring and recapitalization, as well as those in need of long deferred maintenance. The Women’s Institute acquired the Grinnell Mansion property in 2011. By doing so, we were able to preserve the housing affordability that might otherwise have been lost to the market, and revert to dramatically higher rents for families, and/or deteriorate into unlivable conditions. Grinnell Mansion consists of 17 affordable apartments for seniors in the coastal New Bedford community of Massachusetts.

Workforce Housing Residents of workforce housing earn between 80% and 100% of Area Median Income, often attracting young professionals, working families, retirees and people in critical professions such as firefighters, police officers, teachers and nurses. Ferry Crossing, sixteen townhouse-style rental apartments, was developed to address the needs of families, young adults and seniors who wish to reside near to where they work and transit options in costal Old Saybrook, CT.

Ferry Crossing, Old Saybrook, CTSponsors: Women’s Institute & HOPE Partnership, Inc.16 units of affordable housing for familiesAmerican Legion Housing, Jewett City, CT - Sponsor: The American Legion Veterans Housing, Inc.

18 units of permanent supportive housing for VeteransMary Townsend Seymour Apartments, Hartford, CT - Sponsor: My Sisters’ Place

34 units of permanent supportive housing for families and young adults aging out of foster careRevere Street Apartments, Revere, MA - Sponsor: Housing Families Inc.

6 units of supportive housing for homeless families

Sudbury Duplexes, Sudbury, MASponsor: Sudbury Housing Authority11 units of affordable housing for families

Statewide Connecticut Demonstration ProgramMiddletown, Hartford, Bridgeport, Stamford, Willimantic, & New Haven, CT

Recapitalization of nine supportive housing developments across Connecticut, totaling 278 units

40 South Main Street, South Norwalk, CT - Sponsor: Human Services CouncilPreservation of 44 supportive housing units

Lakeview Apartments, Lakeville, CT - Sponsor: Women’s InstitutePreservation of 6 affordable housing units

Housing Families Preservation ProjectMalden, MA

Sponsor: Housing Families Inc.

Rehabilitation of four supportive housing properties for homeless families

Housing Preservation and Stabilization – 343 units

Creation of New Housing Opportunities – 85 units

2012 - Our Year in Review

The Women’s Institute is thrilled to have completed five housing properties in 2012, providing crucial new housing for homeless families, Veterans, and youth aging out of foster care. We are particularly proud to have families living in their beautiful new apartments at Ferry Crossing, the first project to be completed under Connecticut’s Incentive Housing Zone program.

The Women’s Institute has undertaken a new initiative to ensure the continued sustainability of existing affordable housing across our region. We are working with several funding agencies, non-profit organizations, and regional advocates to preserve the affordability of housing that might otherwise convert to higher market-rate rents for struggling families, or deteriorate as the properties age.


Berlin Housing Authority Senior Affordable Housing, Berlin, CT - Sponsor: Berlin Housing AuthorityNew construction of 40 permanent independent living units for seniors

CHOICE Veterans’ Housing (scattered site), Chelmsford/Westford, MA - Sponsor: CHOICE, Inc.

Creation of 13 units for Veterans and their families

Dartmouth Housing Authority, Dartmouth, MA - Sponsor: Dartmouth Housing AuthorityRenovation of a former State police barrack into 9 efficiency apartments for Veterans

Elizabeth Stone House Complex, Jamaica Plain, MA - Sponsor: Elizabeth Stone HouseDevelopment of a residential, community program, and administrative campus

Essex Housing Authority, Essex, CT - Sponsor: Essex Housing AuthorityNew construction of 14 units of senior housing, adding to the existing 36 unit housing complex

Lynn Housing Authority & Neighborhood Development, Lynn, MA - Sponsor: Lynn Housing AuthorityNew construction of 20 units of housing for low-income families, with a preference for Veterans

New England Center for Homeless Veterans, Boston, MA - Sponsor: Pinck & Co.Conversion of an existing Veterans facility to include permanent supportive housing for Veterans

Sharon Ridge Expansion, Sharon, CT - Sponsor: Sharon Housing Authority

Expansion of existing complex to include 12 new units of affordable rental housing

Housing to be Completed in 2013

Looking to 2013 & 2014

YWCA Cambridge, Cambridge, MA Sponsor: YWCA Cambridge Substantial renovation of residential and commercial property into 103 units of single room occupancy housing for formerly homeless women and 9,000 square feet of commercial and program space. To be completed June 2013.

Victory Gardens, Newington, CTSponsors: Women’s Institute & VA CT Healthcare Systems74 unit mixed income, supportive and affordable housing rental development on the campus of the U.S. Department of Veterans Affairs (VA) Medical Center. To be completed December 2013.

Additional Projects in Progress


1981 - 1989Women, Inc. - Treatment Center - Boston, MA

Horizons I (Women’s Union) - Mattapan, MA

Transition House - Fitchburg, MA

Elizabeth Stone House - Boston, MA

Casa Myrna Vazquez - Shelter, Boston, MA

Casa Myrna Vazquez - Transitional Living Program

Frances Perkins House - Worcester, MA

Lasell Junior College - Newton, MA

Neil Houston House - Westborough, MA

1990 – 1999Brookview House - Dorchester, MA

Project Family Independence - Boston, MA

Revision House - Shelter - Boston, MA

The Second Step - Newtonville, MA

Portis House (Women, Inc.) - Boston, MA

Bostonian Chambers - Dorchester, MA

Lifehouse - Boston, MA

Bishop House - Boston, MA

Casa Myrna Vazquez - Teen Program - Boston, MA

Ruah - Cambridge, MA

Sojourner House - Roxbury, MA

Ellington Street Cooperative - Boston, MA

Newburyport YWCA - Newburyport, MA

Winchester Interfaith Housing - Winchester, MA

WINGS - Boston, MA

ASAP - Boston, MA

Moreland House - Roxbury, MA

Victory Programs-– Boston, MA

SPIN - Lynn, MA

KAFANM - Boston, MA

Revision House - Transitional Housing - Boston, MA

Casa Nueva Vida - Lawrence, MA

GrandFamilies House - Boston, MA

KAFANM - Phase II - Boston, MA

Ellington Street Cooperative - Phase II - Boston, MA

Our Completed Projects: 1981 - 2012

2000 - 2009Crescent Field Townhomes - Newton, MA

Transition House - Cambridge, MA

Safe Passage – Northampton, MA

Dunmore Place (Casa Esperanza) - Roxbury, MA

Casa Maribel (HarborCOV) - Chelsea, MA

Womanshelter/Companeras - Holyoke, MA

Acushnet Commons * - New Bedford, MA

Horizons I – Rehab (Women’s Union) - Mattapan, MA

Soromundi Commons (Hartford YWCA) - Hartford, CT

Areyto Apartments (CCC YMCA) - Bridgeport, CT

Jarvis Court Homes (Operation HOPE) - Fairfield, CT

Familias Unidas (Casa Esperanza) - Roxbury, MA

Capernaum Place (Lazarus House) - Lawrence, MA

Inn Transition (Citizens for Adequate Hsg) - Peabody, MA

RESPOND - Somerville, MA

Indian Field Apartments * - New Milford, CT

2010 - presentThe Franklin and The Eleanor * - Bridgeport, CT

Nueva Esperanza (Casa Esperanza) - Roxbury, MA

CHOICE Center (CHOICE) - Chelmsford, MA

Devon & Bellevue (Heading Home) - Boston, MA

Ingraham Place * - New Bedford, MA

The Lynn Marcella Residences - Chelmsford, MA

Eagle Street Homes (Community Care Svcs) - Fall River, MA

Revere Street (Housing Families Inc) - Revere, MA

Housing Families Preservation Project - Malden, MA

American Legion Veteran Housing - Jewett City, CT

Ferry Crossing * - Old Saybrook, CT

Mary Townsend Seymour Apartments - Hartford, CT

Sudbury Duplexes - Sudbury, MA

Preservation of Affordable Housing

Grinnell Mansion * - New Bedford, MA

Lakeview Apartments * - Salisbury, CT

Statewide Connecticut Demostration Program

40 South Main Street - South Norwalk, CT

*Women’s Institute Owned Properties



Staff:

ManagementLoni Willey, Executive Director800-720-1195 x104 [email protected]

Mollye Wolahan, Deputy Dir. – Housing800-720-1195, x203 [email protected]

Real EstateEllen Flanagan, Dir. of Real Estate Development – CT800-720-1195, x204 [email protected]

Lynn Peterson, Dir. of Real Estate Development — MA800-720-1195, x102 [email protected]

Maura Camosse, Project Manager800-720-1195, x103 [email protected]

Megan Fafard, Project Associate800-720-1195, x201 [email protected]

Kathryn Shafer, Project Manager800-720-1195, x202 [email protected]

Rose White, Senior Project Manager800-720-1195, x106 [email protected]

OperationsDana Mead, Operations Associate800-720-1195, x101 [email protected]

Alice Phinizy, Finance Manager 800-720-1195, x105 [email protected]

Board of Directors:

Christine Traczyk, PresidentCommunity Development Manager, Farmington Bank

Tracy McDermott, ClerkDirector – Portfolio Services, Tax Credit Asset Management

Melissa J. Sheeler, TreasurerSenior Asset Manager, Massachusetts Housing Investment Corporation

Karen EdlundChief Financial Officer, Jewish Community Housing for the Elderly

Tony GrapponePartner, Novogradac & Company LLP

Francesca Martinsolutions4community llc

Charles A. Rhuda IIIPartner, Novogradac and Company LLP

Staff and Board of Directors

women’s institute for housing and economic development · 2013-03-06 · housing preservation and...

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