Gina Ciganik, Vice President – Housing Development<br />July 13, 2011<br />
Aeon’s Vision:<br />that every person has a home and is interconnected within community.<br />
Build<br />Connect<br />Forever<br />
Build – Long-term Assets<br />
Build – Communities<br />
Connect – People to Resources<br />
Connect – People to People<br />
Connect – the Landscape<br />
Forever – a Community Asset<br />
Forever – Environmental Steward<br />
Forever – Changing Lives<br />
Aeon now has 1,934 affordable homes<br />520+serving formerly homeless<br />1,190+ for low-wage households<br />225+ for m...
Sustainability<br />
St. Barnabas Apartments <br />
Typical Unit Layout<br />Average of 320 sf<br />St. Barnabas Apartments <br />
St. Barnabas Apartments <br />
St. Barnabas Apartments <br />
St. Barnabas – Quick Facts<br /><ul><li>Target Population:  Homeless Youth, ages 16-24, singles
Housing Type:Single Site
Total Units: 39
Construction Type:  Rehab, Adaptive Reuse of Hospital
Opened:  2005
Location:  Downtown Minneapolis
Service Partner:YouthLink</li></li></ul><li>St. Barnabas – Capital Financing<br />Main Financing Tool: 9% Tax Credit<br />...
St. Barnabas – Operating and Service <br />Operating:  <br />Project Based Section 8<br />Services:<br />$450,000 per year...
Ripley Gardens<br />
Ripley Gardens<br />
Ripley Gardens – Quick Facts<br /><ul><li>Target Population:  Homeless Single Adults
Housing Type:Integrated (8%)
Total Units: 52 Rental (4 Homeless) / 8 Habitat for Sale
Construction Type:  New, Rehab, Adaptive Reuse, 	Historic Preservation
Opened:  2006
Location:  Minneapolis, Harrison Neighborhood
Service Partner:People, Inc.</li></li></ul><li>Ripley Gardens – Capital Financing<br />Main Financing Tool: 9% & Historic ...
Ripley Gardens – Operating and Service<br />Operating:  <br />Group Residential Housing (GRH)<br />Services:<br />GRH<br /...
Crane Ordway<br />
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1.4 Gina Ciganik

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1.4 Gina Ciganik

  1. 1. Gina Ciganik, Vice President – Housing Development<br />July 13, 2011<br />
  2. 2. Aeon’s Vision:<br />that every person has a home and is interconnected within community.<br />
  3. 3. Build<br />Connect<br />Forever<br />
  4. 4. Build – Long-term Assets<br />
  5. 5. Build – Communities<br />
  6. 6. Connect – People to Resources<br />
  7. 7. Connect – People to People<br />
  8. 8. Connect – the Landscape<br />
  9. 9. Forever – a Community Asset<br />
  10. 10. Forever – Environmental Steward<br />
  11. 11. Forever – Changing Lives<br />
  12. 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. 13. Sustainability<br />
  14. 14. St. Barnabas Apartments <br />
  15. 15. Typical Unit Layout<br />Average of 320 sf<br />St. Barnabas Apartments <br />
  16. 16. St. Barnabas Apartments <br />
  17. 17. St. Barnabas Apartments <br />
  18. 18. St. Barnabas – Quick Facts<br /><ul><li>Target Population: Homeless Youth, ages 16-24, singles
  19. 19. Housing Type:Single Site
  20. 20. Total Units: 39
  21. 21. Construction Type: Rehab, Adaptive Reuse of Hospital
  22. 22. Opened: 2005
  23. 23. Location: Downtown Minneapolis
  24. 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. 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. 26. Ripley Gardens<br />
  27. 27. Ripley Gardens<br />
  28. 28. Ripley Gardens – Quick Facts<br /><ul><li>Target Population: Homeless Single Adults
  29. 29. Housing Type:Integrated (8%)
  30. 30. Total Units: 52 Rental (4 Homeless) / 8 Habitat for Sale
  31. 31. Construction Type: New, Rehab, Adaptive Reuse, Historic Preservation
  32. 32. Opened: 2006
  33. 33. Location: Minneapolis, Harrison Neighborhood
  34. 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. 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. 36. Crane Ordway<br />
  37. 37. Crane Ordway<br />
  38. 38. Crane Ordway – Quick Facts<br /><ul><li>Target Population: Homeless Single Adults
  39. 39. Housing Type:Integrated (20%)
  40. 40. Total Units: 70 Rental (14 Homeless)
  41. 41. Construction Type: Rehab - Adaptive Reuse, Historic
  42. 42. Opened: 2005
  43. 43. Location: Downtown St. Paul
  44. 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. 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. 46. Alliance Addition – Minneapolis<br />Alliance Addition - Mpls<br />
  47. 47. Alliance Addition - Mpls<br />
  48. 48. Alliance Addition – Quick Facts<br /><ul><li>Target Population: Homeless Single Adults - Sobriety
  49. 49. Housing Type:Single Site
  50. 50. Total Units: 184 (61 units in the Addition)
  51. 51. Construction Type: 51 New and 10 Rehab
  52. 52. Opened: 2010
  53. 53. Location: Downtown Minneapolis
  54. 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. 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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