Teri Bernert has been hired as the Director of Real Estate. Teri was the Executive Director of a small CDC in Taunton called the Neighborhood Corporation, which recently successfully completed a $15 million historic brownfields mill restoration. In addition to her real estate skills, she brings strong land use planning skills to the position. She will start at CWRI the first week in October.
Malik Aziz has been hired as the Senior Project Manager. Malik has served in project management positions with CasCap, Urban Edge and Allston Brighton CDC. He will start on September 21.
CWRI welcomes these additions to the team!
CWRI sells nine condominium homes to first time homebuyers who will help to stabilize the Elmwood neighborhood during an economic recession.
August 15, 2009, Providence, RI
Community Works Rhode Island (CWRI) is thrilled to announce that it has sold nine condominium units to first time homebuyers, since December 2008 in Providence’s Elmwood neighborhood. Seven of the homes are in the historic Parkis Avenue condominium development, and two are in the Early Street condominium development. Four remaining units are currently for sale.
The success of these sales is the combination of marketing by Joseph McCarthy of Coldwell Banker Residential Brokerage, and a program by the City of Providence to provide qualified homebuyers with downpayment assistant grants of $10,000-20,000 through a shared equity program once the eligible buyer has completed a homeownership training class.
CWRI has redeveloped 18 properties on Parkis Avenue and has transformed a street of Victorian-era urban mansions into an award-winning new community with 90 rental and homeownership units for a mix of incomes. The Parkis Avenue redevelopment has won two awards from the Providence Preservation Society for neighborhood revitalization, and also the prestigious national MetLife Award in 2008 for a community safety initiative.
The Early Street condominiums include 10 income restricted units. Eight out of ten of the homes have been sold. This project is unique in that the property is owned as a land trust which keeps the property costs low for the condo owners, which is reflected in the pricing.
The Parkis and Early Street projects are among the first income restricted and mixed income condominium projects in Rhode Island to sell enough units to transition to associations that are managed by the owners. CWRI is currently working with a grant from Neighbor Works America to provide training to the Parkis condo owners to prepare them to take on the management of the association.
Carrie Marsh, Executive Director of Community Works Rhode Island, said “We are thrilled with the recent sales that allow the vision for creating a sustainable community to be realized, particularly during a difficult economy. The sale of these units brings owner occupants with energy and commitment to stabilize their neighborhood. CWRI looks forward to continuing to work with the new owners to create and enhance their community.”
CWRI has a beautiful two family home for sale at fair market value of $289,900, listed with Jane Driver of Armory Properties.
View the listing here
This home is in the center of the Historic Homes of Parkis Avenue – an award winning transformation of a street of Victorian-era urban mansions in to 90 mixed income, rental and homeownership units.
CWRI is currently utilizing $7 million in federal tax credit exchange funds through the American Recovery and Reinvestment Act, to develop 47 units of affordable rental units. Three historic homes on Parkis Avenue are being redeveloped in to 22 units which will be available in early 2010. An additional 25 new units will be developed on several sites along Broad Street in Providence.
Read a recent Providence Journal Article here
Our website is now available in Spanish and English. Click on the box at the upper right hand corner to switch languages on the fly. This functionality is not available in the newsroom yet, but may be very shortly.
CWRI is hiring a Director of Real Estate Planning and Development. The position directs all real estate development activities for the organization and manages the development of projects, including identification of properties, financial and feasibility analysis, development of budgets and timeframes, creation of architectural designs, securing public and private funds, managing project staff, consultants and contractors through the development process, monitoring the development, and selling or leasing properties.
Please read the full Job Description here
by Peter on March 17, 2009
in Events
Saturday March 21 at 9:00pm
Admission is $5.00 – Door Proceeds to Benefit Community Works Rhode Island
Join us for a groovin’ good time at the Top Shelf Dance Party at Tazza Caffe on Saturday, March 21st, 9 pm. Mike Corso will DJ!
We look forward to seeing you there!
Click here for directions
The Elmwood Foundation and Greater Elmwood Neighborhood Services both promote affordable housing and community development in South Providence. At least they used to. Their recent merger as Community Works RI, the first of its kind in Rhode Island, should tighten the focus of neighborhood improvement at a time of ever more pressing need.
With combined staff and budget, Community Works RI has expanded its horizons beyond Elmwood and the Southside. Under newly hired director Carrie Marsh, [click to continue…]
by Peter on January 10, 2009
in Events
Come join us at Firehouse 13 for a party to celebrate Community Works Rhode Island (formerly the Elmwood Foundation and Greater Elmwood Foundation Services) and meet out new executive Director, Carrie Marsh.
Thursday, January 22, 2009
5:50 PM – 8:30 PM
Firehouse 13
41 Central St. Providence
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