paul fate 071210
DESCRIPTION
Presentation from the Bring Workers Home workforce housing regional forum in Minneapolis on July 12, 2010TRANSCRIPT
2010 Regional Forum on Workforce Housing Minneapolis, MN - July 12, 2010
CommonBond builds stable homes, strong futures, and vibrant communities.
Mission
Scale and Impact
Own and manage nearly 5,000 units in 100 housing communities
Serve 8,000 people with average household income of $14,000
Serve families, seniors & people with disabilities
Core Competencies
Deep, diverse real estate development expertise
Full service property management Commitment to engaging, partnering with the
community More than housing model – Advantage Services
Advantage Services – Core Programs
Youth: to excel academically Adults: to achieve economic self-
sufficiency Seniors/disabilities: to live
independently longer
The need for workforce housing
Most jobs being generated in this economy fit this demographic
These are essential, vital workers for our community and economy
Stable, affordable housing is key to family and economic success
New housing application experience Wait list for 100 properties exceeds 5,000 names
Saint Paul
Cathedral Hill Homes
Downtown Saint Paul
Commerce Building
St. Paul
Commerce Building - interior
Plymouth
Vicksburg Commons
Vicksburg Commons’ resident
Lonja and family
Maplewood
Trails Edge Townhomes
Trails Edge residents
Tereussell and family
Key challenges and opportunities
Financing matters Location matters Green matters Preservation matters Public perception matters Rental has new standing Immigrant / refugee population growth