Castle Gardens, New York, NY Re-entry Integrated Supportive Housing

CSH and THC CSH provided THC a $50,000 project initiation loan (PIL) to fund a variety of predevelopment costs for this project. The PIL was a 0% loan for two years. THC, however, refinanced the PIL with a $350,000 predevelopment loan before the end of the PIL term. Therefore, CSH adjusted THC’s interest rate on the predevelopment loan, essentially charging THC 0% on the first $50,000.

Family homelessness is a significant problem in DC. THC recently partnered with the City to launch a 500 Homes in 500 Days campaign. Weinberg Commons will be an important resource for housing families who are currently homeless and in need of either supportive or just affordable housing. CSH recognizes that family homelessness is an issue across the country, too. A few years ago, CSH launched Keeping Families Together, an initiative that uses supportive housing to offer stability to families with children who are at risk of recurring involvement in the child welfare system. By providing an essential support to families that present the highest cost to society, this program shows real promise in reducing expenses and reuniting children with their families in a safe, stable environment.

Weinberg Commons THC purchased a vacant property in southeast Washington DC’s Marshall Heights neighborhood. The building has 36, two-bedroom units. In 2013, THC applied for and was awarded public funding through DC’s Unified Request for Proposal process. The project will dedicate 24 apartments to families at or below 60% AMI, and 12 units to families at 30% AMI with special needs. Weinberg Commons combines affordable housing with high quality environmental features. Owner, Developer, Property Manager and Service Provider Transitional Housing Corporation (THC), Inc. Tenant Profile Low-income families and very low-income families with special needs. Service Approach THC’s supportive housing programs are based on the national, rights-based, housing first model, which focuses on quickly moving families experiencing homelessness into permanent housing with leases in their own names, and then providing additional supports and services as needed.

Weinberg Commons, Washington, DC Integrated Family Supportive Housing

Key Features and Innovations

• In April 2013, DC’s Department of Housing and Community Development (DHCD) announced its first ever Unified Request for Proposals. This RFP combined: o DHCD resources (9% Low Income Housing Tax Credits, Housing Production Trust Fund, and other), o Department of Behavioral Health capital financing, o DC Housing Authority vouchers (project based Housing Choice and Local Rental Support Program vouchers),

and o Department of Human Services funding.

• The District of Columbia is redeveloping Benning Road, the street where Delta Commons is located. The project will anchor the far southeast corner of redevelopment.

• THC is a leading Rapid Rehousing provider in DC. THC will use the affordable housing units to provide affordable, quality, well-managed apartments for its Rapid Rehousing clients.

Financing Information Capital Low Income Housing Tax Credit Equity – National Equity Fund $ 6,648,291 Department of Behavioral Health $ 600,000 Loan – Local Initiative Support Corporation $ 2,070,000 Sponsor Loan – THC Affordable Housing, Inc. $ 970,000 Deferred Developers Fee $ 188,484 Total $10,476,775 Operating (Annual) $ 458,352 Tenant Paid Rents $ 273,600 Local Rental Support Program (12 units) $ 184,752

Services (Annual) $ 215,000 (approximately) Department of Human Services $ 200,000 Cash Flow (Services coordinator) $ 15,000

About THC Transitional Housing Corporation (THC) was founded in 1990 as a faith-based homeless services organization. 24 years later, THC is recognized as a lead housing and services provider to homeless families in the District of Columbia, serving over 500 families on their journey to housing stability and economic viability. THC’s array of housing options enables it to meet families where they are and offer housing that best meets their needs through rapid rehousing, permanent supportive housing, transitional housing, or affordable rental housing. About CSH CSH transforms how communities use housing solutions to improve the lives of the most vulnerable people. We offer capital, expertise, information and innovation that allow our partners to use supportive housing to achieve stability, strength and success for the people in most need. CSH blends over 20 years of experience and dedication with a practical and entrepreneurial spirit, making us the source for housing solutions.

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