Welcome Home PHASE I Ribbon Cutting Ceremony August 25, 2014 Follow Bay Terrace Introducing Bay Terrace Bay Terrace Phase 1 is part of THA’s larger development between South 18th and South 27th on Tacoma’s Hilltop. THA has already demolished 104 old, unsightly public housing units. In their place, in two or three phases, THA will build 140-190 apartments in cottage clusters, town homes and midrise buildings with community buildings, green spaces and new infrastructure. THA’s goals, as with all its developments, include: • • • • • • • More housing in an appropriate density that serves the city’s comprehensive plan More apartments affordable to a wider range of incomes More apartments accessible to persons with disabilities Community buildings and outdoor play and gathering spaces Financially sustainable operations Environmentally responsible features and improved tree canopy Attractive design Phase 1 includes: • 70 apartments • 6,925-square-foot community center hosting a Head Start program and community space • Connected gathering places, play areas and green spaces • New primary and secondary utility services • Environmentally responsible design: The Community Center achieved LEED Gold. The town homes are expected to achieve LEED Gold, and the midrise building is expected to achieve LEED Certified or Silver. Phase 1 funding comes from a variety of private and public sources: • JP Morgan Chase ($15.3 million in construction and financing) • Enterprise Community Investments ($8.9 million for tax credit equity investors) • Tacoma Housing Authority ($4.7 million) • Washington State Dept. of Commerce Housing Trust Fund ($2 million) • U.S. Dept. of Housing and Urban Development ($1.8 million) • City of Tacoma ($1.5 million) • Tacoma Community Redevelopment Authority ($1.1 million) Program 11:30 AM Gathering, refreshments and Bay Terrace tours Noon Tacoma School District Head Start Students Greg Mowat, THA Board Chair Judge Stanley Rumbaugh, THA Board Vice Chair Chuck Weinstock, JP Morgan Chase Chris Walvoord, Enterprise Community Investments Pamela Trevithick, GGLO Dan Absher, Absher Construction Aashia Gardner, Bay Terrace Resident Councilmember Lauren Walker, City of Tacoma Senator Jeannie Darneille, 27th Legislative District Mayor Marilyn Strickland, City of Tacoma Congressman Derek Kilmer Michael Mirra, THA Executive Director 12:50 PM Ribbon Cutting 1 PM Bay Terrace tours, music and refreshments Bay Terrace: The History of Hillside Welcome to the Bay Terrace Phase 1 Ribbon Cutting Ceremony. We gather today to mark an important milestone on a long journey. A brief timeline will help us appreciate this moment. 1970: The history of Bay Terrace began when a private developer built Conifer Village, a housing development on four blocks between 15th Street and 27th Street on South Yakima and South G Street in the Hilltop. 1976: THA purchased Conifer Village and renamed it Hillside Terrace. THA renovated all four blocks, but it could not change a challenging design. 1990s: By the 1990s, Hillside Terrace was worn out. Also, the Hilltop neighborhood was showing signs of fatigue due to public and private underinvestment. 1996: THA applied for HUD money to demolish and rebuild Hillside Terrace. Unfortunately, THA received money only to demolish. HUD allowed THA to forego the demolition while THA sought the money to rebuild the property. 1999: THA assembled a design team. In consultation with residents, the team prepared a master plan to redevelop all four blocks of Hillside Terrace. The money it would require and the challenge to find it meant THA would do this work in phases. 2002: THA assembled the financing to demolish and rebuild the 2300 block and to fix the 1500 block. This project was the first new money invested into the Hilltop in a long time. It helped encourage private investment in the for-profit and nonprofit housing developments that came later along South Yakima and South G Streets. The experience helped THA better understand its job as a developer. THA’s job is to build in neighborhoods that need the investment, and to do so in ways that embolden other people to invest there. THA should also set a high design standard. This helps to show that the higher densities the city’s comprehensive plan directs can also look very attractive. This work left the 1800 and 2500-2700 block for later. 2008: THA proposed a two-phase plan to redevelop the 1800 and 25002700 blocks. The first phase would demolish all remaining public housing units on these blocks. That demolition is done. Phase 1 would also build 70 apartments serving a range of income, a new community center, outdoor gathering spaces, and new infrastructure on the 2500–2700 block. Unfortunately, about that time the recession began. It took a while to assemble the financing. 2013: THA ultimately assembled the financing and began construction on Phase 1. 2014: THA completed phase 1 construction in July, ahead of schedule and on budget. The new project is now called Bay Terrace. Phase 1 offers 70 apartments in town house and midrise styles. They serve a wide range of incomes. The design is environmentally responsible. The new community building will host a Head Start program, denoting the growing partnership between THA and the Tacoma Public School District. Phase 1 also built brand new underground infrastructure. 2014–future: THA will continue to raise capital for phase 2 of Bay Terrace construction. THA anticipates construction could begin as soon as 2016. Phase 2 will mirror phase 1 using the remaining open space of the 500-2700 block. It will include 70 apartments on the 2500-2700 block and 20-40 units on the 1800 block. Bay Terrace Partners Wetherholt and Associates, Inc. HGE Consulting Hillside Terrace RESIDENTS Sylvie McGee - AFAGC Transportation Engineering NW THA’s Vision and Mission THA envisions a future where everyone has an affordable, safe and nurturing home, where neighborhoods are attractive places to live, work, attend school, shop and play, and where everyone has the support they need to succeed as parents, students, wage earners and neighbors. THA provides high quality, stable and sustainable housing and supportive services to people in need. It does this in ways that help them prosper and help our communities become safe, vibrant, prosperous, attractive and just. THA’s Values Service: Work in service to others is honorable. We will do it honorably, effectively, efficiently, with pride, compassion and respect. Integrity: We strive to uphold the highest standards of integrity and ethical behavior. Stewardship: We will be careful stewards of the public and private financial and environmental resources entrusted to us. Communication: We value communication. We strive to be open and forthcoming with our customers, employees and colleagues, our partners, and our communities. We will listen to others. Diversity of Staff: We value the diversity of our staff. It makes us stronger and more effective. Collegial Support and Respect: The work we do is serious. We seek to create an atmosphere of teamwork, support and respect. We also value a good humor. Excellence: We strive for excellence. We will always seek to improve. Leadership: Everyone at THA, the Board, management and staff, shares the leadership it will take to extend these values throughout THA’s work, to fulfill the mission and to advance the vision for our city.
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