2010 Regional Forum on Workforce Housing Minneapolis, MN - July 12, 2010

CommonBond builds stable homes, strong futures, and vibrant communities.

Mission

Scale and Impact

Own and manage nearly 5,000 units in 100 housing communities

Serve 8,000 people with average household income of $14,000

Serve families, seniors & people with disabilities

Core Competencies

Deep, diverse real estate development expertise

Full service property management Commitment to engaging, partnering with the

community More than housing model – Advantage Services

Advantage Services – Core Programs

Youth: to excel academically Adults: to achieve economic self-

sufficiency Seniors/disabilities: to live

independently longer

The need for workforce housing

Most jobs being generated in this economy fit this demographic

These are essential, vital workers for our community and economy

Stable, affordable housing is key to family and economic success

New housing application experience Wait list for 100 properties exceeds 5,000 names

Saint Paul

Cathedral Hill Homes

Downtown Saint Paul

Commerce Building

St. Paul

Commerce Building - interior

Plymouth

Vicksburg Commons

Vicksburg Commons’ resident

Lonja and family

Maplewood

Trails Edge Townhomes

Trails Edge residents

Tereussell and family

Key challenges and opportunities

Financing matters Location matters Green matters Preservation matters Public perception matters Rental has new standing Immigrant / refugee population growth