Fenway Community Development Corp

FENWAY CDC IMPROVED THE ECONOMIC AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE-INCOME RESIDENTS. WE HELP THEM ACCESS AFFORDABLE HOUSING, SOCIAL SERVICES, EDUCATION, JOB SKILLS TRAINING, EMPLOYMENT, FINANCIAL COACHING, FRESH HEALTHY FOOD, HEALTH & WELLNESS PROGRAMS, HOME-BUYING EDUCATION, AND COMMUNITY EVENTS. FENWAY CDC CONTINUED TO PROVIDE CRITICAL SERVICES TO HELP COMMUNITY RESIDENTS BUILD STRONGER PATHWAYS TO ECONOMIC SECURITY. THROUGH CIVIC ENGAGEMENT AND PARTNERSHIPS, WE CONTINUED TO PRESERVE AND CREATE AFFORDABLE HOUSING, PREVENT EVICTION AND HOMELESSNESS, AND ADVOCATE FOR IMPROVEMENTS IN THE CITY'S HOUSING POLICY TO ENSURE AFFORDABILITY CITYWIDE.

RENTAL PROPERTIES - IN 2021, OUR WHOLLY-OWNED RENTAL PROPERTIES INCLUDED: 15-25 HEMENWAY HOUSING WHICH IS A 24 UNIT MIXED INCOME HOUSING DEVELOPMENT; FENWAY APARTMENTS, LLC WHICH COMPRISES 22 UNITS OF AFFORDABLE HOUSING; PRIOR TO ADMISSION OF ITS TAX CREDIT INVESTOR IN MID-2021, HALF A YEAR OF FENWAY NS ACQUISITION, LLC WHICH COMPRISES 97 UNITS OF AFFORDABLE HOUSING; AFTER WESTLAND AVE APTS LP'S TAX CREDIT INVESTOR EXITED IN MID-2021, WHOLLY-OWNED NEW FENWAY WESTLAND, LLC AQUIRED THE 96 UNIT MIXED INCOME HOUSING DEVELOPMENT; BURBANK TERRACE ACQUISITION, LLC, IN MID-2021 ACQUIRED UNDEVELOPED LAND AND RELATED PRE-DEVELOPMENT COSTS. ADDITIONALLY, THROUGH OUR HOUSING DEVELOPMENT AND ASSET MANAGEMENT PROGRAMS, FENWAY CDC CONTROLS FIVE OTHER AFFORDABLE HOUSING PROPERTIES. FENWAY CDC ALSO PURSUED OPPORTUNITIES TO PRESERVE EXISTING AND BUILD NEW AFFORDABLE HOUSING AS DESCRIBED IN SCHEDULE O UNDER OTHER PROGRAM SERVICES.

COMMUNITY PLANNING & ORGANIZING - IN 2021, FENWAY CDC WORKED WITH RESIDENTS, NON-PROFITS, AND CITY OFFICIALS TO RECOMMEND IMPROVEMENTS IN THE CITY AND STATE'S HOUSING POLICIES TO PREVENT DISPLACEMENT AND HOMELESSNESS, ADDRESS RACIAL INEQUITIES, CREATE AND PRESERVE AFFORDABLE HOUSING, AND EMPOWER COMMUNITIES. OUR EFFORTS ADDRESSED THE CHALLENGES OF HIGH PROPERTY ACQUISION COSTS AND THE NEED FOR MORE AFFORDABLE HOUSING TO MEET THE NEEDS OF LOW- AND MODERATE-INCOME RESIDENTS. RESIDENT LEADERS MONITORED THE DEVELOPMENTS OF PRIVATE DEVELOPERS, HOSPITALS, AND UNIVERSITIES AND SHARED COMMENTS AT COMMUNITY MEETINGS TO MITIGATE ANY NEGATIVE DEVELOPMENT IMPACT ON THE RESIDENTIAL AREA. FENWAY CDC ALSO EDUCATED RESIDENTS AT-RISK ABOUT HOMELESSNESS PREVENTION, TENANTS RIGHTS, AND SUPPORTED COMMUNITY EFFORTS TO ENSURE EQUITABLE ACCESS TO PUBLIC TRANSPORTATION.

AFFORDABLE HOUSING PRESERVATION AND DEVELOPMENT - IN 2021, FENWAY CDC PROVIDED OVER 650 RESIDENTS WITH SAFE AND AFFORDABLE HOMES. WE COMPLETED REHABBING 97 HOMES. WE ACQUIRED THE BURBANK TERRACE SITE WHICH WILL BE DEVELOPED INTO 27 UNITS OF AFFORDABLE HOUSING IN 2022-2023. WE PURSUED OPPORTUNITIES TO BUILD AND PRESERVE NEW AFFORDABLE HOUSING. FENWAY CDC COLLABORATED WITH DEVELOPERS AND INSTITUTIONS TO FORGE HOUSING PARTNERSHIPS TO CREATE FUTURE HOUSING TO MEET THE NEEDS OF LOW- AND MODERATE-INCOME FAMILIES & INDIVDUALS.