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1.4 Gina Ciganik

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  • 1. Gina Ciganik, Vice President – Housing Development
    July 13, 2011
  • 2. Aeon’s Vision:
    that every person has a home and is interconnected within community.
  • 3. Build
    Connect
    Forever
  • 4. Build – Long-term Assets
  • 5. Build – Communities
  • 6. Connect – People to Resources
  • 7. Connect – People to People
  • 8. Connect – the Landscape
  • 9. Forever – a Community Asset
  • 10. Forever – Environmental Steward
  • 11. Forever – Changing Lives
  • 12. Aeon now has 1,934 affordable homes
    520+serving formerly homeless
    1,190+ for low-wage households
    225+ for moderate income households
    40,000+ sq ft of neighborhood scale commercial
  • 13. Sustainability
  • 14. St. Barnabas Apartments
  • 15. Typical Unit Layout
    Average of 320 sf
    St. Barnabas Apartments
  • 16. St. Barnabas Apartments
  • 17. St. Barnabas Apartments
  • 18. St. Barnabas – Quick Facts
    • 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
  • St. Barnabas – Capital Financing
    Main Financing Tool: 9% Tax Credit
    Total Development Cost: $7,345,000
    Total Cost Per Unit: $143,000
    Total Number of Sources: 13
  • 25. St. Barnabas – Operating and Service
    Operating:
    Project Based Section 8
    Services:
    $450,000 per year
    Public/Private funds raised by R.S. Eden
  • 26. Ripley Gardens
  • 27. Ripley Gardens
  • 28. Ripley Gardens – Quick Facts
    • 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.
  • Ripley Gardens – Capital Financing
    Main Financing Tool: 9% & Historic Tax Credit
    Total Development Cost: $14,350,000
    Total Cost Per Unit: $275,000
    Total Number of Sources: 30+
  • 35. Ripley Gardens – Operating and Service
    Operating:
    Group Residential Housing (GRH)
    Services:
    GRH
    GRH provided by People, Inc. - & County
  • 36. Crane Ordway
  • 37. Crane Ordway
  • 38. Crane Ordway – Quick Facts
    • 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
  • Crane Ordway – Capital Financing
    Main Financing Tool: 9% & Historic Tax Credit
    Total Development Cost: $11,735,000
    Total Cost Per Unit: $168,000
    Total Number of Sources: 9
  • 45. Crane Ordway – Operating and Service
    Operating:
    MN Housing Finance Agency Operating Subsidy
    Services:
    Public/Private funds raised by South Metro
  • 46. Alliance Addition – Minneapolis
    Alliance Addition - Mpls
  • 47. Alliance Addition - Mpls
  • 48. Alliance Addition – Quick Facts
    • 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
  • Alliance Addition – Capital Financing
    Main Financing Tool: State 501 © 3 Bonds
    Total Development Cost: $10,300,000
    Total Cost Per Unit: $168,000
    Total Number of Sources: 9
  • 55. Alliance Addition – Operating and Service
    Operating:
    Group Residential Housing (GRH)
    Services:
    GRH
    GRH provided by County