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Groundbreaking Set for New Affordable Senior Housing in Toledo

10/4/2017 | Recent News

Friendship New Vision, Inc. will host a Catch the Vision event, celebrating the groundbreaking of Valley Bridge, a new 70-unit affordable senior housing community located in the Reynolds Corner neighborhood of Toledo. Mayor Paula Hicks-Hudson will be among the speakers at the event, set for 11 a.m. Oct. 11 at Friendship Baptist Church, 5301 Nebraska Ave., Toledo.

National Church Residences and Friendship New Vision, Inc., a non-profit community development affiliate of Friendship Baptist Church, are partnering to build the $10.2 million community, which will serve the growing senior population in the area.

Other speakers include Thomas Mackin, chief legal counsel for Lucas Metropolitan Housing Authority; the authority’s former executive director Linnie Willis; Martin Jarret of Jarret Consulting, and Matt Rule, senior vice president, development and construction, of National Church Residences. U.S. Rep. Marcy Kaptur will present a video message.  Dr. Duane C. Tisdale, CEO of Friendship New Vision, will emcee.

The new facility, located at 5351 Nebraska Avenue, will join the growing National Church Residences portfolio in Toledo that already includes Renaissance Senior Apartments, Arlington by the Lake and Commons at Garden Lake.

“We are very excited to have a partner like Friendship New Vision,” Rule said. “This new development reconfirms our commitment to the Toledo community and will allow our organization to serve many more seniors.”

“Friendship Baptist Church has served the Toledo community for over 110 years,” said Tisdale, who is also bishop and senior pastor of Friendship Baptist Church. “We are truly humbled and excited about expanding our service to our senior community.”

 

Valley Bridge includes a health care concept, Home for Life, which will leverage the University of Toledo Medical Center Geriatrics on-site Healthy Aging Clinic and the adjacent Friendship Baptist Church Volunteer Program — to improve health and decrease health care expenditures among residents.

 

The new construction development was made possible thanks to the awarding of Low Income Housing Tax Credits by the Ohio Housing Finance Agency, equity funds from National Equity Fund, a permanent FHA loan from Red Capital Marks, HOME funds from the City of Toledo, and anticipated Project Based Vouchers from the Lucas Metropolitan Housing Authority. Toledo Local Initiatives Support Coalition serves as an advisor and consultant. Berardi Partners is the architect, and Rudolph Libbe Group is general contractor.