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1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
1.4 Gina Ciganik
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1.4 Gina Ciganik

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  • 1. Gina Ciganik, Vice President – Housing Development<br />July 13, 2011<br />
  • 2. Aeon’s Vision:<br />that every person has a home and is interconnected within community.<br />
  • 3. Build<br />Connect<br />Forever<br />
  • 4. Build – Long-term Assets<br />
  • 5. Build – Communities<br />
  • 6. Connect – People to Resources<br />
  • 7. Connect – People to People<br />
  • 8. Connect – the Landscape<br />
  • 9. Forever – a Community Asset<br />
  • 10. Forever – Environmental Steward<br />
  • 11. Forever – Changing Lives<br />
  • 12. Aeon now has 1,934 affordable homes<br />520+serving formerly homeless<br />1,190+ for low-wage households<br />225+ for moderate income households<br />40,000+ sq ft of neighborhood scale commercial<br />
  • 13. Sustainability<br />
  • 14. St. Barnabas Apartments <br />
  • 15. Typical Unit Layout<br />Average of 320 sf<br />St. Barnabas Apartments <br />
  • 16. St. Barnabas Apartments <br />
  • 17. St. Barnabas Apartments <br />
  • 18. St. Barnabas – Quick Facts<br /><ul><li>Target Population: Homeless Youth, ages 16-24, singles
  • 19. Housing Type:Single Site
  • 20. Total Units: 39
  • 21. Construction Type: Rehab, Adaptive Reuse of Hospital
  • 22. Opened: 2005
  • 23. Location: Downtown Minneapolis
  • 24. Service Partner:YouthLink</li></li></ul><li>St. Barnabas – Capital Financing<br />Main Financing Tool: 9% Tax Credit<br />Total Development Cost: $7,345,000<br />Total Cost Per Unit: $143,000<br />Total Number of Sources: 13<br />
  • 25. St. Barnabas – Operating and Service <br />Operating: <br />Project Based Section 8<br />Services:<br />$450,000 per year<br />Public/Private funds raised by R.S. Eden<br />
  • 26. Ripley Gardens<br />
  • 27. Ripley Gardens<br />
  • 28. Ripley Gardens – Quick Facts<br /><ul><li>Target Population: Homeless Single Adults
  • 29. Housing Type:Integrated (8%)
  • 30. Total Units: 52 Rental (4 Homeless) / 8 Habitat for Sale
  • 31. Construction Type: New, Rehab, Adaptive Reuse, Historic Preservation
  • 32. Opened: 2006
  • 33. Location: Minneapolis, Harrison Neighborhood
  • 34. Service Partner:People, Inc.</li></li></ul><li>Ripley Gardens – Capital Financing<br />Main Financing Tool: 9% & Historic Tax Credit<br />Total Development Cost: $14,350,000<br />Total Cost Per Unit: $275,000<br />Total Number of Sources: 30+<br />
  • 35. Ripley Gardens – Operating and Service<br />Operating: <br />Group Residential Housing (GRH)<br />Services:<br />GRH<br />GRH provided by People, Inc. - & County<br />
  • 36. Crane Ordway<br />
  • 37. Crane Ordway<br />
  • 38. Crane Ordway – Quick Facts<br /><ul><li>Target Population: Homeless Single Adults
  • 39. Housing Type:Integrated (20%)
  • 40. Total Units: 70 Rental (14 Homeless)
  • 41. Construction Type: Rehab - Adaptive Reuse, Historic
  • 42. Opened: 2005
  • 43. Location: Downtown St. Paul
  • 44. Service Partner:South Metro</li></li></ul><li>Crane Ordway – Capital Financing<br />Main Financing Tool: 9% & Historic Tax Credit<br />Total Development Cost: $11,735,000<br />Total Cost Per Unit: $168,000<br />Total Number of Sources: 9<br />
  • 45. Crane Ordway – Operating and Service<br />Operating: <br />MN Housing Finance Agency Operating Subsidy <br />Services:<br />Public/Private funds raised by South Metro<br />
  • 46. Alliance Addition – Minneapolis<br />Alliance Addition - Mpls<br />
  • 47. Alliance Addition - Mpls<br />
  • 48. Alliance Addition – Quick Facts<br /><ul><li>Target Population: Homeless Single Adults - Sobriety
  • 49. Housing Type:Single Site
  • 50. Total Units: 184 (61 units in the Addition)
  • 51. Construction Type: 51 New and 10 Rehab
  • 52. Opened: 2010
  • 53. Location: Downtown Minneapolis
  • 54. Service Partner:R.S. Eden</li></li></ul><li>Alliance Addition – Capital Financing<br />Main Financing Tool: State 501 © 3 Bonds<br />Total Development Cost: $10,300,000<br />Total Cost Per Unit: $168,000<br />Total Number of Sources: 9<br />
  • 55. Alliance Addition – Operating and Service<br />Operating: <br />Group Residential Housing (GRH)<br />Services:<br />GRH<br />GRH provided by County<br />

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