Cabin in the Woods Veterans Permanent Housing

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Presentation transcript:

Cabin in the Woods Veterans Permanent Housing Terry Baldwin, COO Volunteers of America Northern New England September, 2018

Volunteers of America 122 years of helping the most vulnerable There are no limits to caring.® Volunteers of America 122 years of helping the most vulnerable 1.3 M served annually across 46 states One of the largest providers of affordable housing Veterans Focus Northern New England Affordable Housing, Mental Health Services, Reentry Center, Veterans Transitional Programming

There are no limits to caring.®

There are no limits to caring.® Details 11 Acres on Togus Medical Center Campus (75 year Extended Use Lease) 21 1 & 2 bedroom cabins + 1 ‘community cabin’ Income criteria (12 units @ 50% AMI, 9 @ 60% AMI) 16 HUD VASH project based vouchers & 5 cabins Housing Choice voucher or other rental assistance

Construction Funds ($5M) There are no limits to caring.® Construction Funds ($5M) LIHTC dollars ($3.8 M) Fed Home Loan ($155K), Maine Housing interest only mortgage ($372K); VOA sponsor loan ($426K) - VA Capital Contribution ($201K) + Home Depot Foundation ($225K) DECD CBBG special project matching funds (up to $400K)

There are no limits to caring.® Community Cabin

There are no limits to caring.®

There are no limits to caring.®

There are no limits to caring.®

There are no limits to caring.®

There are no limits to caring.®

There are no limits to caring.®

There are no limits to caring.®

Creating Community Resource Coordination/Community Resources There are no limits to caring.® Resource Coordination/Community Resources VA Case Managers Medical Center Access Peer Support Program Creating Community

There are no limits to caring.® Thank You! www.voanne.org/CITW