-171 Unit Community -Kentucky Housing Corporation Tax Credit Property
Harvest Edge, Lyles, TN
-32 Unit Community
Lasallette Gardens-Covington, KY
The Ezekiel Foundation was a part-owner and management agent for Lasallette Gardens Apartments in Covington, KY during their rehab and first few years of operations. Lasallette Gardens is a 76 unit property with a 76 unit Housing Assistance Payment Contract. The property was completely renovated by Marian Development Group using Low Income Housing Tax Credits and other sources of financing. Although ownership of the property has changed, The Ezekiel Foundation continues to manage the property for its new owners.
Taylor County Hope Recovery Center-Campbellsville, KY
-38 Unit Community -Kentucky Housing Corporation recovery property with tax credits
Knobb Hill-Memphis, TN
-32 Unit Community -Kentucky Housing Corporation Tax Credit Property
The Ezekiel Foundation Project Partnerships
Bob Brown House-Lexington, KY
The Bob Brown House accepted its first residents in the summer of 1975 and was formally dedicated a year later. Begun as the Lexington Housing for the Handicapped, it was renamed in honor of Rev. Bob W. Brown after his untimely death in 1980. Rev. Brown was pastor of the Trinity Baptist Church in Lexington, Kentucky. Brown was a pioneer in leading his church to begin programs for many segments of society neglected by churches in the late 1950’s and 60’s. Trinity ministered to the deaf, the blind, and mentally challenged adults and children. From this ministry to the blind, Brown befriended several seniors that lived in inadequate, unsafe housing. It was the day that he visited one of his favorite blind women and she told him that her nephew had stolen all of her money again that he knew he had to do something to help. He shared his vision of a safe, affordable home where people with all kinds of challenges could live together as a family. A small group of individuals became the moving force behind a project which was to become the only facility of its kind in the country, fully paid and built solely with private funds. Today, the Bob Brown House serves 14 residents and just broke ground for 24 additional apartments for a total capacity of 38. All residents have a special need but are independent enough to bathe, dress, and feed themselves and care for their general well being. The oldest resident is almost 80 and the youngest, less than 25. Each resident has their own apartment, but they come together for all meals and many activities. The family atmosphere is an integral part of who we are at the Bob Brown House. Rent is based on income and includes utilities. Our mission is providing a door to independence for this special group of people.
Riverport Landings-Louisville, KY
Riverport Landings is a joint venture between Marian Development and LDG Development. Riverport Landings will include three types of affordable housing developments: Riverport Senior Living—a 108 unit senior property; Riverport Family Apartments—a 240 unit affordable family property and Riverport Scholar House—a 64 unit community for low-income single parent families and young adult foster alumni enrolled in FSH’s educational program. The development will also include a community park, retail space, and other amenities that residents from all three properties will be able to access. Riverport Landings have combined project budgets totaling $71,390,614. $35,400,000 tax-exempt bond financing is providing new construction and permanent loan capital. The bonds were structured in three separate issuances. $7,300,000 was issued for the Riverport Scholar House; $8,700,000 was issued for Riverport Senior Apartments, and $19,400,000 was issued for Riverport Family Apartments. Develop Louisville – HOME and Louisville CARES Kentucky Housing Corporation – HOME and Affordable Housing Trust Fund Dollars, Tax-exempt Bonds and 4% LIHTC’s PNC Real Estate – 4% LIHTC Equity (Riverport Scholar House & Riverport Senior Living) J.P. Morgan Chase – 4% LIHTC Equity (Riverport Family Apartments) Red Stone - Tax Exempt Funding – Construction and Permanent Loan Capital US Bank, Community Lending – Construction Loan Capital Family Scholar House – Capital Fundraising The Ezekiel Foundation – Capital Contribution