We are thrilled to share that Plymouth Square Village, Cambridge Tower and North Port Village have received a combined $1.8M in #GRRP Loans from the U.S. Department of Housing and Urban Development, through the #BidenAdministration, Inflation Reduction Act.
Our team, Lauren Zullo, Scott Frye, Melissa Galek and Victor DeRamus, CPA joined HUD Deputy Assistant Secretary for Multifamily Housing Programs, Ethan Handelman, among others, to celebrate the announcement!
With the investment, Jonathan Rose Companies aims to make crucial improvements to enhance resilience, sustainability, and quality of life for the residents living in all three developments. Across all three properties, some of these improvements include upgrading the roofs, adding roof-top solar panels to the buildings, and upgrading windows to make them more energy efficient.
Plymouth Square Village is a 280-unit affordable community that consists of a 202-unit tower and 78 townhomes, and all units are affordable under a project-based Section 8 HAP contract with elderly preference in the tower and family occupancy in the townhomes. Amenities include a playground, community kitchen, computer room, and fitness area, as well as a wellness room where physicians can conduct health exams for the residents. The property also includes a full-time Resident Services Coordinator, who helps the residents engage with local services such as housekeeping help, meals, and medical services.
Cambridge Tower is a 14-story, 250-unit Senior Section 8 property that was also an original pilot site for Jonathan Rose Companies’ Communities of Opportunity model and has successfully provided enhanced health and wellness services on-site as well as increased programming and services provided by community partners in the areas of hunger elimination, safety programming, stress reduction, education, and youth development. The property also includes a full-time Resident Service Coordinator who helps the residents engage with local services.
North Port Village is a 251-unit Senior Section 8 complex located in Port Huron, MI, 60 miles north of Detroit. The property includes a ten-story high-rise tower and 14 detached townhome and garden-style flats. North Port’s amenities include a playground, basketball court and a clubhouse. North Port Village features Communities of Opportunity programming including 16 garden plots, bike racks, healthy vending machines, yoga, bus service and a local service reference guide.
Press Release: https://bit.ly/3WAnv6c
#AddordableHousing #Decarbonization #GreenBuilding #GreenBuildingSolutions #InflationReductionAct #RoseGreen #RoseSocial