Success at Sankofa
Ribbon-cutting at new affordable housing development as part of the creation of an urban farming hub celebrates place making
As much as the state is trying to woo new companies and enterprises to Rhode Island, the bigger question is where are the new workers going to live? And, how can existing residents not be displaced? A recent study found that it would require some 34,610 new units of housing to be constructed over the next 10 years – about 25,000 rental units and 9,000 owner units – just to keep up with current demand. Prosperity begins at the front door of your own home.
PROVIDENCE – It was a beautiful hot summer morning as city officials and neighborhood residents came together to celebrate an important community victory in the West End: a ribbon cutting to hail the completion of a vibrant new development of 50 affordable apartments, an integral part of the Sankofa Initiative led by West Elmwood Housing Development Corporation.
The development, spread out over nine vacant infill lots located between Elmwood Avenue and Dexter Street, consists of rental homes in 11 buildings, including one-, two-, three- and four-bedroom apartments.
It features the concept of an urban agricultural center as part of its design, including a new greenhouse funded through Rhode Island Housing, to support efforts to improve the community residents’ access to fresh food from a network of Sankofa growers.
The financing for the $13.6 million project was braided together from a number of sources, including: federal housing tax credits, private equity investments, and a construction loan and permanent first mortgage from Rhode Island Housing.
With Sharon Conard-Wells, the executive director of West Elmwood Housing, serving as emcee, a parade of notables offered their praise and blessings.
They included: Rep. David Cicilline; Providence Mayor Jorge Elorza; Sen. Juan Pichardo; Rep. Grace Diaz; Councilwoman Mary Kay Harris; Barbara Fields, executive director of R.I. Housing; Robert Charest, the senior vice president at Boston Financial Investment Management; Joan Straussman, interim regional vice president for the Northeast Region of NeighborWorks America; Angela Ankoma, chief of the Office of Minority Health at the R.I. Department of Health; and Mary Fasano, program officer at the R.I. Local Initiatives Support Corporation.
In addition, “unsung” hero awards were presented to community residents Glenda Ferguson and Sean Selleck.
Fully enrolled
For all the words during the 45-minute speaking program, delivered with the spirit of toasts at a family gathering, it was the closing words of Conard-Wells that best summed up the success of the project: there had been some 1,049 applications for the 50 apartments, and the 50 newly constructed affordable apartments were now fully enrolled.
Conard-Wells also said that after reviewing the more than 1,000 applications, she was preparing to launch a financial literacy effort to help residents overcome problems with credit, a problem identified in many of the applications.