In
1997, DCHA was awarded $20.3 million in HOPE VI funding for a proposal,
ranked number one nationwide, to redevelop the largely vacant and uninhabitable
312-unit Valley Green, a public housing development, and Skytower, a
91-unit HUD-foreclosed property acquired by DCHA.
The
redevelopment team, for Valley Green/Skytower was comprised of residents,
DCHA and a joint venture of A&R Development Corporation and the
Enterprise Social Investment Corporation (ESIC). The HOPE VI funds were
leveraged with public and private funds, including public housing funds,
low-income housing tax credits and a property disposition grant from
FHA, to total approximately $54 million.
Project Summary
The Wheeler Creek
of today is a newly constructed 314-unit development consisting of 48
low-income family rental homes and 100 elderly rental apartments, both
subsidized by public funds, 32 market-rate rental units, 30 lease/purchase
units and 104 homes for purchase. Amenities include a 13,000 square
foot community building and a daycare center to support the needs of
residents. The public housing and market rate units are intermixed
and physically indistinguishable from one another.
The ease with which
the respective units were rented or sold provides further support of
the mixed-income concept employed at all of the DCHA HOPE VI sites.
Wheeler Creek represents
the first of the three properties included in the Gateway Strategy.
The completion of Wheeler Creek, and the subsequent awards of HOPE VI
funding for the other two Gateway properties, Henson Ridge and New East
Capitol, have sparked significant additional private investment into
the community.
Project Highlights
Success of
the Wheeler Creek CDC
The Wheeler Creek
CDC was formed by Valley Green/Skytower residents as part of the HOPE
VI planning process. Created originally to run the Family Self-Sufficiency
Program and assist with asset management, the CDC has since established
an on-site business employment agency, Home Buyers Club and Business
Training/Family Development/Drug Treatment programs, all funded through
over $1 million in non-HOPE VI sources secured by the CDC. The
CDC continues to provide technical assistance to resident organizations
participating in HOPE VI projects in other communities who wish to emulate
the success of the Wheeler Creek CDC.
Home Ownership
Opportunity
Wheeler Creek currently
boasts the largest percentage of home ownership units in any completed
HOPE VI site nationwide, with 104 units. A total of 11 former public
housing residents successfully made the transition to home ownership
at the newly redeveloped site, with an additional 30 public housing
residents involved in a lease to purchase program. All other units
set aside for home ownership have been purchased.
Economic
Development Activity
The HOPE VI project
resulted in individual career employment assessment and skills training
for 130 residents and full-time, living-wage employment for 80 people.
Additionally, employment services provided by the Wheeler Creek CDC
generated $500,000 for the CDC and resulted in the employment of 65
public housing residents in construction related activity.
State of the
Art Senior Center
A beautifully
constructed 100-unit senior building is located on the Wheeler Creek
property. Amenities include a community room with kitchen facilities,
library, pool room and exercise room.
On Time
Completion
Awarded a HOPE
VI Grant in 1997, all of Wheeler Creek’s 314 residential units were
completed and fully occupied within 48 months of grant execution.
Awards
Wheeler Creek was
awarded HUD’s Best Practices award in 2000, the Innovations in Government
Award sponsored by the Ford Foundation and Harvard University in 2001,
Best in American Living Design, HUD Secretary’s Award for Excellence
and the National Association of Homebuilders award in 2002.
For more information please call the
Office
of Planning and Development at
(202)
535-1445