By Doug Gaither, relationship manager
|(L to R) Orange County, Housing & Community Development Program Manager |
Mitchell Glasser, County Mayor Teresa Jacobs, Bob Ansley and Doug Gaither
The Related Group and ONIC were able to leverage funding including $7 million from the federal Neighborhood Stabilization Project ( a federal program designed to help local communities redevelop abandoned and foreclosed properties) plus $1.6 million obtained through the state’s local housing program to renovate Emerald’s Village at a total cost of $20 million.
|Doug Gaither and Jorge Perez|
I attended the grand opening of Emerald Villas along with more than 75 supporters and several beaming residents. The festivities were held in a spanking new clubhouse packed with celebratory balloons and food and beverages donated by local merchants. At the ceremony, Jorge told me, “affordable housing developments should always look market-rate.”
These apartments certainly fit that description, and, in addition to being beautiful, the apartments are functional. Using the classrooms on site, ONIC will provide an array of resident services including financial capability classes and after-school classes. All in all, Emerald Villas bodes well for the future of residents here and the community as a whole.
Want to know more?
- View a recent news clip with pictures of Emerald Villas
- Read about Jorge Perez and the Related Development Group
- Learn about ONIC’s resident services