The GRHC has earned a “Program Innovation: Affordable Housing” Award of Merit from the National Association of Housing & Redevelopment Officials (NAHRO) in recognition of Creston Plaza Apartments, a $23.5 million total redevelopment project that was completed in 2015. NAHRO is an affordable housing industry advocacy organization.
Creston Plaza redevelopment was innovative in a several key areas:
The GRHC continues to work toward finalizing the conversion of Adams Park Apartments and Scattered Sites duplex units from the Low-Income Public Housing program to Section 8 Project-Based housing. Section 8 provides relatively stable funding that makes it possible to attract private investment in affordable housing; this investment will enable the GRHC to get needed renovations underway at these developments. Conversion is made possible through the HUD Rental Assistance Demonstration (RAD) program.
Before the conversion of the 20 Scattered Sites units and the 188 units at Adams Park can be completed, the GRHC is required to secure funding to undertake repairs identified as part of the RAD program application process.
In October 2018 the GRHC will submit an application for $1,024,155 in federal Low-Income Housing Tax Credits; these credits will be sold to investors to fund $3.4 million in improvements, including:
Renovations will get underway when funding is available; no planned improvements will require displacing residents from their homes.
Twenty Scattered Sites units are currently moving through the conversion process, with required paperwork currently being processed by the City of Grand Rapids and the U.S. Department of Housing & Urban Development.
A total of $493,000 in improvements are planned, including:
In October 2018 the GRHC will submit an application for $1,355,988 in federal Low-Income Housing Tax Credits which will be leveraged to fund construction of a 50-unit Section 8 Project-Based program development tailored specifically to meet the housing and supportive needs of homeless veterans. The site for the planned development is 841 South Division Avenue (South Division Ave. at Delaware St. SW). The GRHC has been awarded 22 HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers and plans to apply for an additional 28 vouchers that will support the planned development.
The GRHC will receive tenant referrals for the HUD-VASH vouchers through the VA Medical Center in Battle Creek; the HUD-VASH program includes case management as well as housing assistance and is targeted specifically to address the housing and supportive needs of veterans experiencing homelessness.
In October 2018 the GRHC will submit an application for $276,349 in federal Low-Income Housing Tax Credits which will be leveraged to fund $1.8 million in improvements at Hope Community, a 24-unit Rapid Re-Housing program development that serves homeless women and their minor children. Planned improvements include: