Finally home: Legion Woods Apartments The Connection Fund Inc.

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Finally homeLegion Woods ApartmentsThe
Connection Fund Inc.
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Permanent, Supportive Housing
The real solution to homelessness!
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Our Tenants

• 20 apartments
• 19 tenants, 1 Super
• 13 Veterans
• All previously homeless
• None have moved or lost their housing since we
  opened one and a half years ago.

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Our Team

• The Connection Fund Inc. Non-Profit Developer,
  Owner.
• The Veterans Administration - Case Management
• Columbus House Inc. Case Management
• DeMarco Management Property Management

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Our other Partners

• U.S. Congresswoman Rosa DeLauro
• Mayor John DeStefano, City of New Haven
• CT Department of Mental Health and Addiction
  Services

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Our Funders

• U.S. Department of Housing and Urban Development
  (HUD)
• Connecticut Department of Economic and Community
  Development
• City of New Haven

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Scources of Funding

• HUD Section 811 2.2 million
• City of New Haven grant 90,000
• DECD HOME800,000
• Total Development Funding 3,090,000

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Development Costs

• Land Acquisition and Environmental 94,678.000
• Construction2,151,561.00
• Change Orders261,279.00
• Design168,151.00
• Carrying Costs79,909.00
• Developers Fee 220,000
• Legal/Audit 37,000
• Total Development Costs3,012,578.00

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Operating Budget
Expenses Administrative 31,700 Utilities
42,900 Operating and Maintenance 30,622 Taxes
and Insurance 34,116 Total Operating Expenses
139,338

• Income
• Total Rental Revenue158,400
• Actual Revenue (minus vacancies) 150,480
• Total Revenue 150,480

Replacement Reserve Deposits 9,000 Operating
Income/Cash Flow 2,142
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Obstacles to Success

• Stigma attached to homeless population
• City concerns regarding concentration of human
  services
• Money
• Finding a site

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Solutions to Obstacles

• Veterans are a population with significant
  homeless but tremendous popular support
• Aggressive outreach to neighbors and neighborhood
  leaders convince of value
• Targeting a blighted, highly visible property for
  rehabilitation brings added value to neighborhood
  and City
• Payment of property taxes and support of high
  ranking officials

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What makes the Legion Woods Work?

• Well designed and delivered
• Distinct roles played by competent partners
  working as a team.
• Relationship with the Veterans Administration
  especially important to properly serve homeless
  Veterans.
• Quality case management staff
• Community Building Activities and involvement
  with neighborhood
• Highest priority for team maintaining the
  tenants housing