CREA Edge Newsletter - Oct 2021

PAGE 6

PROPERTY IMPACT STORY: JOHN ARTHUR FLATS

materials disruptions.” Nelson said. “This property represents not only years of work on behalf of Pennrose and NEST, but decades of advocacy.” The new development will feature 57 one- and two-bedroom units for

Arthur Flats will feature a community center dedicated to another local figure. The Maureen Wood Community Room carries the name of a late Cincinnati businessowner and advocate, and will provide

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Now, developer Pennrose, LLC is honoring the late John Arthur with the first affordable housing complex targeting LGBTQ+ seniors in the city, which will bear his name. John Arthur Flats will offer a range of supportive services and facilities aimed at fostering a community steeped in pride. According to CREA Account Manager Jeff Nelson, the past years of hardships presented a challenge. However, the team was able to push through to make this development a reality. “A development like this is difficult in ordinary times, and getting to this point is even more of an accomplishment given the disruptions this past year from a pandemic, working to keep everyone involved safe, and navigating remote work and

residents with a convenient, safe place to c o n g r e g a t e within their new home. The d eve l o pme n t w o u l d n ’ t

“...This property represents not only years of work on behalf of Pennrose and NEST, but decades of advocacy.” - Jeff Nelson, Account Manager

p r o s p e c t i ve residents, as well as a host of supportive s e r v i c e s sourced from P e n n r o s e

itself and local organizations such as the Council on Aging (COA) of Southwestern Ohio. The Cincinnati nonprofit Caracole, an HIV/AIDS service organization, will also provide onsite care for residents in need.

be possible without the various partnerships between Pennrose and parties both in and out of Cincinnati. One such relationship is with Fifth Third Bank’s Community Development Lending and Investment team, which provided both the investment

Additionally,

John

<<< Click to watch our recap of the John Arthur Flats groundbreaking that took place on July 15th.

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