National Church Residences’ commitment to the Toledo community is reaffirmed with the grand opening of Valley Bridge apartments and its partnership with Friendship New Vision, Inc. Local business leaders and politicians, including Rep. Marcy Kaptur, from Ohio’s 9th Congressional District, participated in the grand opening celebration, which began at Friendship Baptist Church with the ribbon-cutting ceremony in front of Valley Bridge.
Crews finished the $10.2 million, 3-story, 70-unit building and surrounding campus, located in the Reynolds Corners neighborhood at 5351 Nebraska Avenue, within 12 months. With the addition of the Valley Bridge community, National Church Residences now has 506 units on seven affordable housing campuses in the Toledo metro area – Alpha Towers, Arlington by the Lake, Commons at Garden Lake, Cranes Landing, Pilgrim Port, and Renaissance Senior Apartments.
“It’s been a privilege to work with our partner Friendship New Vision in building Valley Bridge apartments,” said Matt Rule, senior vice president of development at National Church Residences. “With some perseverance and trust we were able to work together in overcoming obstacles and achieve our goal of providing quality housing to the growing senior community.”
Friendship New Vision, Inc. is a faith-based, community development corporation established in 2004 by Friendship Baptist Church. FNVI is a non-profit organization offering several services and programs in low-income urban areas of central Toledo.
"Working with National Church Residences has been a very valuable experience and we give all glory to God for the success of the project," said Bishop Duane C. Tisdale, Senior Pastor, Friendship Baptist Church.
Construction on Valley Bridge began in November 2017 and was outfitted with Energy Star rated light fixtures and appliances, low flow plumbing, green label certified flooring, and low- or zero-volatile organic compound building materials, which qualified it for LEED certification. Leadership in Energy and Environmental Design is the rating system used by the U.S. Green Building Council to measure a building’s sustainability and resource-efficiency.
The community offers seniors 62 and older, 60 1-bedroom and 10 2-bedroom units, a community room with a kitchen for events, library, fitness room, computer room, an all-season porch, and other amenities for residents Valley Bridge also has a medical suite with exam rooms enabling residents to receive medical attention without leaving the campus by partnering with the Stay Well I Will organization, which promotes preventive health care for seniors. In addition, volunteers from Friendship Baptist Church will provide fitness, health and social programs to residents aimed at improving their health and reducing health care expenses.
National Church Residences would like to recognize and thank the partners who made this new community possible including our development partners Rudolph Libbe and Berardi Partners. We also want to recognize our financial partners for their commitment to providing affordable housing to seniors in this area: Ohio Housing Finance Agency invested through the Low-Income Housing Tax Credit program, National Equity Fund, the equity provider and Local Initiatives Support Corporation’s affiliate, Red Capital Group, Department of Housing and Urban Development, HOME funds from the City of Toledo, project based vouchers from the Lucas Metropolitan Housing Authority and the Ohio Department of Medicaid have all invested in this project.
About National Church Residences
National Church Residences serves more than 42,000 seniors through its array of housing and health care services. The not-for-profit organization is driven by a vision of advancing better living for all seniors, enabling them to remain home for life. With 310 communities in 25 states and Puerto Rico, it is the nation’s largest not-for-profit provider of affordable senior housing and the largest manager of service coordinators. It also offers residential senior communities, home and community-based services, and permanent supportive housing for the formerly homeless and disabled. For more information, visit www.nationalchurchresidences.org.
About Friendship New Vision, Inc.
Friendship New Vision, Inc. (FNVI) is a faith-based community development corporation that works in partnership with community organizations to improve the quality of life for low- and moderate-income residents. FNVI currently provides Adult Day Services, including transportation, vocational rehabilitation, specialized assessments, and community-based work. FNVI’s primary housing development focus has been the rehabilitation of vacant properties to create home ownership opportunities for low- and moderate-income households.
LISC equips struggling communities with the capital, program strategy and know-how to become places where people can thrive. It combines corporate, government and philanthropic resources. Since 1980, LISC has invested $17.3 billion to build or rehab 366,000 affordable homes and apartments and develop 61 million square feet of retail, community and educational space. In Toledo, LISC has focused on a comprehensive approach to community development, investing $126 million to fuel economic opportunity and build stronger, healthier neighborhoods. For more, visit www.lisc.org.
About National Equity Fund®
National Equity Fund® is a nonprofit Chicago-based affiliate of the Local Initiatives Support Corporation and a leading syndicator of Low Income Housing Tax Credits. Since inception, we have played an integral role in creating affordable housing options, revitalizing communities and strengthening local economies. Our investments total more than $14 billion in 2,584 LIHTC developments, which created 166,632 affordable homes for low-income families and individuals.