Dear Friends,
Sometimes, it is the most unglamorous work in affordable housing that is most needed.
Over the last year and a half, SEED and our partners have been working to refinance two of our largest properties - Courtland Place and Dakota. Together, these two buildings provide nearly 400 affordable homes to families and seniors, including more than 150 children. The buildings are now approaching 20 years old and are in need of a new wave of improvements.
Through the relentless efforts of those involved, we’ve been able to bring new resources into these properties. New financing is bringing in about $2.5 million for repairs, improvements, and reserves, helping SEED maintain these affordable homes for years to come. From new flooring in common areas to upgraded community rooms, accessibility improvements, outdoor features, and enhanced security, we’re working to improve the quality of life for our neighbors.
Alongside groundbreakings and ribbon cuttings, it’s these everyday improvements that help us address the housing crisis and act as good long-term stewards of our properties.
All the best,
Michael Seiwerath, Executive Director