The Partnership has had a remarkably productive year. Four developments producing about 300 hundred new units of high quality rental housing are near completion or are likely to be completed in 2014. The added tax revenue from these projects will be captured in a new tax incremental district, created this year. A new program is being developed to reinvest that increment into the rehabilitation of student housing and conversion back to owner occupied single-family units. That program will be guided by a comprehensive study, completed this summer, that targets the conversion efforts at two dozen of the most promising structures in the project area.
This work is being guided by stakeholders through a community advisory committee that has met quarterly and become a cohesive sounding board and a catalyst for an overall strategy for the Partnership. A website was developed and maintained as a central point for information about the Partnership and its activities.
The Partnership is now well positioned to make visible progress on the ground in 2014 and beyond.
On behalf of everyone at the Partnership we wish you a peaceful and happy holiday.