galludet property
In this issue...
Achievements/Outcomes
Project Updates
Project Highlight
New Homes for Ivy City
Freddie Mac Volunteers
Major Donors
Audited Financials
Catalogue for Philanthropy again names Mi Casa
"One of the Best"
charities in DC
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Donate Online
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No. 9654

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Federal employees: Designate Mi Casa in the
Combined Federal Campaign No. 31932

Board of Directors

Jonathan Cohn, President
Maurice Perry, Vice President
Holly Lennihan, Secretary
Gilberto Cardenas, Treasurer
Megan Glasheen, Member
Tamara King, Member
Zixta Martinez, Member

Staff

Fernando Lemos, Executive Director
Ellen Zurbrigg, Deputy Director
Judy Meima, Multi-family Program Director
Juan Pablo Vacatello, Multi-family Program Associate
Juan Cardona, Multi-family Program Associate
Cheryl Davis, Operations Manager
Raquel Martinez, Multi-family Program/Admin Assistant

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      Mi Casa KeyNOTES

 An e-newsletter with news and information from Mi Casa, Inc.



Fall 2010
Jonathan CohnGreetings!
As President of Mi Casa's Board of Directors, I am pleased to report that the organization has persevered  through one of the most difficult economic periods in our nearly 20 year history. Mi Casa's strength lies with the commitment of its staff - and we are very fortunate to have in place a group of highly devoted and skilled people. However, as the national economic recovery remains fragile, the demand for quality affordable housing continues to rise. To meet this dual challenge, the Board will continue to support Mi Casa through its management and staff and, in consultation with community partners, to deliver our core services. The guidance and input from our support network continues to have a great impact on the services we deliver. On behalf of the Board, I would like to acknowledge all the community support we have received over the last year. We look forward to strengthening and expanding these relationships as we work to grow our financial resources while continuing to deliver housing and economic stability to the individuals and families we serve.

And as you begin to plan your End of Year Giving, please think of Mi Casa. We depend on your support.

-- Jonathan Cohn, Board President
Key Achievements & Outcomes
-- Increased affordable housing stock in the District and Baltimore by developing 463 affordable cooperative and condo units

-- Improved the sustainability of 11 limited equity coops in the District through home ownership education and housing development training

-- Developed and implemented post-development training in Spanish and English on cooperative homeownership and housing development as well as improved financial, management and leadership skills of coop members

-- Marked completion in the District's Home Again Program with the renovation and sale of a single-family home in the Trinidad neighborhood; this was the last of 11 houses rehabilitated and sold through this program.

 

Project Updates
Green Roofs Top Ivy City Condos
Mi Casa Ivy City Green Roof
















Construction is complete on Phase I Ivy City Green View condos -- 8 one and two bedroom units (one fully handicapped accessible) ready for sale. The homes are all highly energy efficient, Energy Star rated, with innovative green roofs and roof top patios, the latter thanks to funding from the Chesapeake Bay Foundation, Home Depot and LISC. Ground landscaping was accomplished with help from Campbell and Ferrara, which donated plants, and Freddie Mac volunteers, who put them in the ground. Other community partners included Studio39, which donated design work, and Hamel Builders and Childs Landscape Contractors, which donated other landscaping material. In keeping with Mi Casa's commitment to environmental responsibility, the project's landscaping uses native ground cover provided by Nature by Design at a discount. The Green View Condominiums are part of a neighborhood-wide redevelopment in Ivy City. They are priced from $95,000; closing cost assistance is available. For more information, visit www.robertsburkegroup.com or call our office at 202-722-7423.  

Baltimore Phase 1 Complete
              Baltimore November                              
Phase 1 of Mi Casa's first affordable rental project wrapped up this year with the rehabilitation of ten very affordable units in Johnston Square, a low income primarily African American neighborhood in East Baltimore. The project is being carried out in conjunction with Baltimore City Housing as part of the city's redevelopment strategy. Design development for Phase 2, which will involve new construction of 30 for-sale single family homes and condos, is already underway.



Piloting a Partnership for The Heights
Working in partnership with the Neighborhood Development Company, a private real estate development company, Mi Casa moved ahead this year with pre-development of a first in our portfolio: a sustainable, mixed use affordable rental project. The Heights, which is located at Georgia & Lamont Avenues in Columbia Heights, will have 70 affordable rental units and ground floor retail; at least half of the units will be priced for households earning between 50% and 80% AMI. Look for us to break ground in 2011.
Project Highlight: Quest Cooperative
EuclidMi Casa completed renovation of this 23-unit building, converted from rental to cooperative, preventing the displacement of many low-income Columbia Heights residents. The building now boasts energy efficient systems, new community space and storage.

Many coop members are long-time residents, like
Frances Beeks, a native Washingtonian who had lived there for nearly 40 years when she learned the building was going Francesto be sold. "My heart went down to my feet." she says. "The building is like a family, everyone knows each other. If Mi Casa hadn't come, who knows what would have happened. Turning the building into a cooperative kept it affordable and meant I could stay here."

This year, the coop underwent a big transition as the founding board president bought a single-family home and moved out. Thanks to extensive management and leadership training by Mi Casa, a strong and committed board remains in place.
New Homes for Ivy City Planned for 2011
Ivy City Phase 2 HomePlans are underway for construction of seven new affordable homes in Ivy City during the upcoming year. The single-family project joins Mi Casa's recently completed condos as part of the District's redevelopment strategy for the Ward 5 neighborhood. The project will include large 3, 4 and 5 bedroom homes, some with the option of an in-law suite for extended family or rental income. The new homes will be highly energy efficient, meeting Energy Star and Enterprise Green Communities criteria. Prices are anticipated to range between $198,000 and $215,000. Financial support for development comes from City First Bank as well as the DC Department of Housing and Community Development, which will invest Neighborhood Stabilization Program and HOMES funds in the project.
Freddie Mac Volunteers Team Up with Mi Casa 
Freddie Mac employees have had a persistent presence at Mi Casa project sites this year, lending their time and talents to help residents with projects their coops could otherwise not afford to take on. ThrougFreddie Mac Volsh the Home Team Program, Freddie Mac employees came armed with paint brushes, brooms, rakes and shovels to projects in Ivy City, Brightwood, and Capitol Heights/DC. Helping others is clearly a part of the company culture. Mi Casa is fortunate to have Freddie Mac's support in the form of financial as well as human resources.

If your company is looking for an employee volunteer project, please contact Ricky at ricky@micasa-inc.org and let us know your interests.
Thank You to Our Major Donors for 2009 and 2010
Abell Foundation

Bank of America

Capital One

Chicanos Por La Causa

City First Bank

Community Development Support Collaborative

DC Department of Housing and Community Development

DC Office of Latino Affairs

Enterprise Community Partners

Fannie Mae Corporation

Freddie Mac Corporation

Greater Capital Area Association of Realtors/GCAAR

Hispanics in Philanthropy/HIP

Howard University Center for Urban Progress

InterAmerican Development Bank - DC Solidarity Program

John Edward Fowler Memorial Foundation

Local Initiatives Support Corporation/Washington DC

Morris and Gwendolyn Cafritz Foundation

Neighborhood Development Corporation LLC

PNC Bank

Somerset Development Co LLC

United Planning Organization

Wachovia Wells Fargo Foundation

David B. Wiley

Women in Housing and Finance


Audited Financials 2009 Pie Charts 2009

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About Us

Mi Casa Inc is a nonprofit affordable housing developer whose mission is to provide homeownership opportunities to low and moderate-income families in the Washington DC area in order to promote healthy and thriving neighborhoods.