The Department of Neighborhoods has undertaken some special projects to benefit the community.
TOLEDO LUCAS COUNTY PORT AUTHORITY HUD 108 LOAN GUARANTEE PROGRAM
Toledo City Council passed an Ordinance approving the creation of a special loan guarantee program for commercial and industrial projects that would create jobs in Toledo’s low/ moderate income census tracts. Once the program is available loan applicants will be required to meet both the Toledo Lucas County Port Authority and Housing and Urban Development project funding guidelines.
YEAR 16 INITIATIVE
The YR16 Initiative is a collaborative partnership that includes the Department of Neighborhoods, Ohio Capital Corporation for Housing, Ohio Housing Finance Agency, National Equity Fund, Local Initiatives Support Corporation, Lucas County Land Bank, Lucas Metropolitan Housing Authority, Wallick Communities, United North, NeighborWorks, and technical assistance providers, Cleveland Housing Network (CHN) and Neighborhood Progress, Inc. (NPI) The continuing goal is to provide homeownership opportunities to lease-tenants once the 15-year compliance period expires for Low-Income Housing Tax Credit projects. Building on strategies developed by CHN and NPI, the Toledo partnership, has funded and hired a Director of Preservation to maximize revenues and control expenses for the projects, build capacity in asset and property management, and provide homeownership readiness and financing opportunities to increase home buying and improve neighborhood stability.
Collingwood Green is a new mixed income community, located near the Toledo Central Business District, being developed by the Lucas Metropolitan Housing Authority on the former Brand Whitlock Homes and Brand Whitlock Extension and Albertus Brown public housing communities. Phase I is a fully occupied 65 mid-rise unit for the elderly. Phase II is a recently completed 68 unit family townhouse development. Phase III will build upon the same themes of Phase I & II and will add 55 additional 2-, 3-, and 4- bedroom family units.
The City of Toledo has committed $9+ million to public infrastructure funding (new water lines, sanitary and storm sewers, roads). Included in the design of Phase III is owner furnished Energy Star appliances, window coverings and central air-conditioning. This development is expected to meet/exceed the LEED for Homes certification. All the units are within walking distance to an elementary (K-8) school and a full service health clinic. Residents will have access to off-street parking, the bus line and green space. The Department of Neighborhoods has provided funding for Collingwood Green Phase I, II and III.
This is a 70-unit affordable senior housing community at 5301 Nebraska Avenue, adjacent to Friendship Baptist Church. The partnership between National Church Residences (NCR) and Friendship New Vision, Inc. is developing the project. Funding is predominantly provided through the Low-Income Housing Tax Credit program with the City of Toledo providing gap financing. It is anticipated that construction should start in the Summer of 2017 and will be available for new residents by Summer 2018.