EAST CHICAGO | The Community Builders, Inc. (TCB), the nation’s leading nonprofit urban housing developer, along with the City of East Chicago and the Department of Housing and Urban Development (HUD) yesterday celebrated the ribbon cutting ceremony for Northtown Village Senior Apartments, a mixed-income housing development in East Chicago, Ind. Mayor Anthony Copeland joined TCB President and CEO Bart Mitchell, John Hall, Field Office Director for HUD, Gilda Orange, East Chicago Councilwoman, 6th District, and residents to commemorate this much-anticipated senior development in the North Harbor, East Chicago’s lakefront community.
Northtown Village Senior Apartments provides elderly residents the opportunity to live in high-quality mixed-income housing at the center of the North Harbor’s ongoing community revitalization. A total of 56 elderly households, with income up to the mid-$30,000 range, will now join the 125 working families who have moved into rental townhomes at Main Street and Broadway and the homebuyers at Washington Square and Nunez Park benefiting from Mayor Copeland’s Homeownership Incentive Program.
“We are proud to bring quality housing intentionally designed to improve the lives of East Chicago’s seniors and help rebuild the Main and Broadway district,” said Bart Mitchell, president and CEO of the TCB. “Northtown Village Senior Apartments gives senior residents a beautiful and affordable place to call home, while strengthening the surrounding community.”
Central to Northtown Village Senior Apartment’s success has been an innovative partnership between the City of East Chicago and HUD. The partnership provides assistance to Northtown Senior to help ensure long-term high-quality operations. It also gives senior citizens at Harborside Apartments the opportunity to move to high quality elderly housing while allowing the City to begin planning the demolition of vacant buildings at Harborside.
Mayor Copeland stated, “This beautifully designed senior building will serve as an anchor point in the North Harbor downtown area. This is the first step of many we will take with The Community Builders toward building and beautifying our North Harbor downtown area.”
“Together with The Community Builders and the City of East Chicago, HUD is creating housing solutions for the residents of Indiana,” said John Hall, HUD’s Indiana director. “Our innovative partnership made Northtown Village Senior Apartments a reality and will continue to boost the economic revitalization of the North Harbor lakefront neighborhood.”
Northtown Village Senior Apartments and the North Harbor’s revitalization are part the City of East Chicago’s larger and ongoing efforts to redevelop the entire East Chicago lakefront. Construction of the development began in fall 2011, and of the 56 units available, only seven remain. Development costs totaled more than $11 million. Funding was provided by the City of East Chicago, Indiana Housing and Community Development Authority (IHCDA), HUD, TCB NSP2, IFF, Federal Home Loan Bank of Chicago, JP Morgan Capital Corporation and Hudson Housing Capital.
The new development includes a social lounge, exercise room and programing, a balcony overlooking the adjacent park, indoor parking, on-site 24-hour emergency maintenance service, secured entries and a professional bilingual management team. The apartments feature open floor plans, Energy Star appliances, and many amenities especially designed for seniors.
The ribbon cutting ceremony drew more than 75 residents, public officials and community residents.
About The Community Builders, Inc.
The Community Builders, Inc. (TCB) is the largest nonprofit developer of mixed-income housing in the United States. Our mission is to build and sustain strong communities where people of all incomes can achieve their full potential. We realize our mission by developing, financing and operating high-quality housing and implementing neighborhood self-help initiatives to drive economic opportunity for our residents. Since 1964, we have constructed or preserved over 320 affordable and mixed-income housing developments and secured over $2.5 billion in project financing from public and private sources. Today, we own or manage more than 10,000 apartments in 14 states and Washington, D.C. We are headquartered in Boston with regional hubs in Chicago and Washington.
About the City of East Chicago, Indiana
East Chicago is vital to Northwest Indiana because of its access to Lake Michigan and its close proximity to downtown Chicago. Great opportunities are offered in East Chicago for its residents. The City of East Chicago has many new initiatives that compliment East Chicago’s strengths. After 60 million dollars worth of investments in commercial and housing development with corporate partners and others, including residential partner Community Builders, the City of East Chicago is ready to move forward with lake front improvements benefitting both residents and visitors, encompassing greater opportunities for private development.