Developing Communities of Opportunity

For generations, the aspiration of the United States of America to be a land of opportunity for all has been a core value of our nation. However, millions of low income families in the US live in communities disconnected from opportunity, where their financial status, race and zip code determine their access to education, jobs, food and many other essential services. This poor distribution of opportunity, environmental quality and health is a fundamental misallocation of justice. If we are to create a fair and just society, then it is our moral imperative to overcome this.

Research increasingly highlights that poor housing and neighborhood conditions have detrimental effects on a wide range of life outcomes including health, education, employment and lifetime earnings. 

Our goal is to develop a range of cost-effective strategies that can enhance the connections between people and the pathways to opportunity, improve the health of the buildings in which they live, result in better life outcomes, and potentially spark a ripple effect in surrounding neighborhoods. These are called Communities of Opportunity and they are essential to making the American Dream available to all. 

Our vision for Communities of Opportunity is to empower residents through the co-creation of interventions to improve their health and well-being (physical, mental, financial, social and spiritual), resulting in better life outcomes, with great housing communities as the platform. 

Our Communities of Opportunity will be places where all residents, employees and neighbors can thrive in safety, health, economic opportunity and with a strong culture of connectedness.  

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Squire Village

A 379 unit affordable housing preservation project in Manchester, CT, which underwent a complete renovation, greening and the construction of a new 7,000-square foot community center to serve Its 1,000 residents with over 30 programs. 

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Thriving, Healthy Communities

Today, 43 million Americans require SNAP (food stamp) benefits to avoid malnutrition. Over 20 million American families currently spend more than 50% of their income on housing, and up to 30% on their transportation and utility bills. There is little left to move forward, much less save. And many live in sub-standard housing, with mold on the walls, pest infestations or other toxins present.  

We believe that safe, green affordable housing is the platform upon which Communities of Opportunity are built.

Our work begins by developing or acquiring affordable and mixed income housing, served by mass transit and nearby resources, and creating an affordable, safe, non-toxic, pleasant and supportive environment for our residents. 

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Our vision for Communities of Opportunity is to empower residents through the co-creation of interventions to improve their health and well-being (physical, mental, financial, social and spiritual), resulting in better life outcomes, with great housing communities as the platform.

Jonathan F.P. Rose
President, Jonathan Rose Companies

Categories of Impact

Our Communities of Opportunity work focuses on influencing the social determinants of health. Health is much more than just physical wellbeing. There are many social factors including safety, connectedness, access to financial support, and transportation that contribute to one’s health. Here, each Category of Impact aims to address a different social determinant of health, enabling communities to increase overall wellbeing. 

Safety

Without a safe community, little else is possible. A lack of safety leads to poor physical and mental health outcomes as people tend to isolate, disconnect from neighbors and community and fear the execution of day to day activities.

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Community Building and Recreation

Creating a connected community and bringing residents together is a great way to add to overall wellbeing.

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Food Security

Unfortunately, food insecurity is a widespread problem for many low-income families and individuals.

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Healthy Living

Encouraging a healthy lifestyle for all residents is crucial to fostering a thriving Community of Opportunity.

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Financial Security

Economic stability has increasingly been seen as an integral aspect to ones’ health. Financial security can create longstanding opportunity our residents, and their children.

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Education

Connecting our residents to education opportunities is another key aspect of our Communities of Opportunity programming. 

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Civic Engagement

Civic engagement refers to the active participation in activities oriented toward collective action, care and development of others and is an important indicator of healthy communities. 

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Green Initiatives

We recognize the need to mitigate the impact that our buildings have on the environment. To uphold this commitment, we implement green building standards and are committed to providing our residents with the healthiest, most energy efficient and affordable housing possible. 

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Communication and Information Sharing

Our Communities of Opportunity programming would not be possible without a dependable and consistent method of communication. 

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Arts and Culture

The social impact of arts and culture is as yet unquantified, but we believe that providing access to the arts is an essential part of building a vibrant, healthy and thriving community that promotes wellbeing. 

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Transportation

Access to transportation is a central aspect of a Community of Opportunity. Access to opportunity relies upon the ability to get around in an efficient way, and for an affordable price. 

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Resilience

Implementing a resiliency strategy at our communities is critical to ensuring that our residents remain safe and comfortable in their homes and helps future-proof our communities against physical, social and transitional risk.

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Clean Energy

Renewable Energy has always been a commitment of Jonathan Rose Companies since the very beginning. Clean energy projects of the past inspire and lay the groundwork for all of our ongoing and future developments and renovations, all in an effort to achieve 100% green power by 2021.

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Sustainable Procurement

Our National Procurement Strategy allows us to set strict environmental and health criteria for all products and materials that enter our buildings. Alongside this effort, we are able to keep prices down as we create and build partnerships across every industry.

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Monitoring & Reporting

All our sustainability initiatives depend on the accurate and constant monitoring of data. We utilize several data platforms and monitoring systems that aid in our decision-making process and allows for routine reporting such as in our annual Impact Report.

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Decarbonization

Critical to meeting our environmental goals and restoring the health of the global climate, is our decarbonization strategy. Through a commitment to green energy procurement and converting building systems to all-electric, we are constantly pushing the boundary for the affordable housing industry.

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Green Cleaning

Not all cleaning products are created equal. In fact, many cleaning products can be harmful to our residents and staff. Through our Green Cleaning Program, we are carefully vetting cleaning products through strict environmental and health criteria and implementing new technologies to push the industry forward.

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Sunny Garden Apartments

Type of Loan: 221(d)(4) Sub Rehab
Loan Amount: $20,334,300


Rose Community Capital is pleased to announce the recent substantial rehab financing for Sunny Garden Apartments (4% LIHTC) located in La Puente, CA. Sunny Garden Apartments is a 95-unit senior affordable project that provides income-restricted units at 50%, 80% and 120% AMI.

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Normandie Lofts

Type of Loan: Bridge Loan
Loan Amount: $7,680,900

Rose Community Capital is pleased to announce the recent refinance of Normandie Lofts in Los Angeles, CA. The subject property is located in an area known as “Koreatown” or “Wilshire Center” (also historically known as “Mid-Wilshire”).

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Community Arms Apartments (133 Units of HUD Assisted Family Housing)

Type of Loan: 223(f)
Loan Amount: $32,463,000

Rose Community Capital is pleased to announce a recent HUD MAP “heavy” 223(f) financing for an affordable housing community known as Community Arms Apartments, in Pasadena, CA. The Owner built this project for the benefit of the community in 1973 and has continuously operated it for the past 50 years.

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Ashtabula Towers (202 Units of HUD Assisted Senior Housing)

Type of Loan: Bridge to FHA
Loan Amount: $6,175,000

Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Ashtabula Towers, in Ashtabula, Ohio. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Ohio. The perm financing is expected to close in July, 2021. 

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Savannah Summit

Type of Loan: Bridge to FHA
Loan Amount: $11,400,000


Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Savannah Summit, in Savannah, Georgia. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Georgia. The perm financing is expected to close in June, 2021.

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