What's New: Overview

Community Initiatives

· What's New

Click here to download TCB's response to Atlantic Magazine's July/August 2008 article "American Murder Mystery".

Patrick E. Clancy's term as a board member of the Federal Home Loan Bank of Boston has been extended until December 31, 2010.

For further information, view the press release at:
http://www.prnewswire.com/cgi-
bin/stories.pl?ACCT=104&STORY=/www/story/09-05-
2007/0004656969&EDATE

Morgan Woods, an innovative affordable housing development on Martha's Vineyard, is a finalist in the Family category of the 2007 Affordable Housing Finance Readers' Choice Awards. Read more about Morgan Woods at:
http://www.housingfinance.com/ahf/articles/2007/aug/MORGAN-
WOODS0807.htm

Pat Costigan (Sr. Vice President, Community Initiatives/Public Policy) was published in the latest issue of the Fannie Mae Foundation’s Housing Policy Debate journal. He comments on Mark L. Joseph’s article “Is Mixed-Income Development an Antidote to Urban Poverty?” and discusses TCB’s holistic approach to mixed-income housing.

In his comment, Costigan praises Joseph for realistically assessing what mixed-income housing can and cannot provide to its lower-income residents. However, Costigan argues that Joseph’s article overlooks several benefits of mixed-income housing, including “a reduced housing cost burden; more structured supportive services; dramatically improved surroundings; high-quality housing and community design; faster-paced complementary investments in public systems and amenities; and strategically restored market functioning that offers more choices, lower prices, new jobs, and additional tax revenues to support service delivery.”

Costigan also describes several of TCB’s most successful mixed-income developments, such as Tent City in Boston, The Villages at Park DuValle in Louisville, and Oakwood Shores in Chicago.

Pat Costigan’s comment can be downloaded here.

TCB recently received five awards for its outstanding work in Indiana, Kentucky, Massachusetts, and Ohio:

• The Villages at Mill Crossing in Indianapolis received a Merit award in the Project/Community Development Category from Keep Indiana Beautiful, Inc. (KIBI) on November 12th
• On October 25th, the Kentucky Chapter of the Institute of Real Estate Management (IREM) recognized The Villages at Park DuValle as a finalist
for the Best Managed Affordable Housing Community award
• The Massachusetts Housing Finance Agency (MassHousing) once again recognized TCB for meeting or exceeding the agency’s annual goals for Minority- and Women-Owned Business Enterprise vendor goals
• On September 25th, Cascade Village in Akron, OH was recognized by NEF, Inc. and LISC for its impact on the local community. The award was presented to The Community Builders and the Akron Metropolitan Housing Authority for Cascade Village, a project with the “greatest ‘ripple’ effect in its community and surrounding areas”.

Congressman Jim McGovern (3rd District, MA) announced on November 3, 2006 that Eaton Place, a proposed elderly development to be located in Franklin, Massachusetts, was among the projects selected by the U.S. Department of Housing and Urban Development (HUD) for Section 202 funding. This is great news for the Town of Franklin, whose population has increased dramatically in the past two decades and whose housing stock is proving to be unaffordable for the majority of its aging residents. The Town will address its need for quality affordable senior housing through the development of Eaton Place, a 50-unit development to be located off Panther Way.

The Town has been planning Eaton Place for nearly five years now, along with TCB as the project sponsor and the Franklin Federated Church as co-sponsor. Sue McCann, Rachana Purohit, and Tatia-Lai Wanegar of TCB’s Northeast Development team attended the announcement ceremony at the site. HUD’s Regional Director, Taylor Caswell, was present, as was former TCBer Jon Juhl, who brought the various community groups together and laid the groundwork for this successful application.

On May 23, 2006, Patrick E. Clancy testified before the House Government Reform Subcommittee on Federalism and the Census. The topic was Public Housing in the Competitive Market Place: Do Affordable and Public Housing Developments Benefit from Private Market and Other Financing Tools?

Download a PDF of the full testimony here.

With generous support from the Ford Foundation’s “Mixed-Income, Mixed-Race Housing Initiative,” The Community Builders recently published a hands-on guide to site-based service coordination in affordable and mixed-income developments.

The document, entitled “Practitioner’s Guide to Resident Success in Economically Integrated, Socially Diverse Housing,” is available free of charge on our Web site's Practice Tools page. The document describes effective practices for helping low-income residents make successful transitions from poor quality public or assisted housing environments to new economically and socially mixed communities, and allows affordable housing developers and others to download program tools for consultation, adaptation, and use.

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