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High-Profile Focus: Multi-Residential
April 2023
Dakota Partners Receives HPRF Grant to Expand Supportive Housing in Conn. New Britain, CT – Dakota Partners announced the receipt of a Homeless Prevention Response Fund (HPRF) grant in the amount of $1.27 million to be used for the 16 units earmarked for formerly homeless residents at Columbus Commons in New Britain and dispersed over the next 10 years. The grant is being drawn from funds received by the Corporation for Supportive Housing (CSH) from the Connecticut Department of Housing (DOH). The purpose of the grant is to expand supportive housing opportunities throughout Connecticut by providing financial assistance in the form of a capitalized operating reserve account for operational uses. With these funds, Dakota will work with the Chrysalis Center, a private, nonprofit third-party service provider to offer counseling and support to these formerly homeless residents to ensure they have the resources they need for future success. Columbus Commons was completed in 2020 and is comprised of 80 apartment units, 64 of which are affordable units that provide housing for low-income individuals and families. Of those, 48 of the one- and two-bedrooms are workforce units offered at 50-60% AMI;
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Columbus Commons in New Britain, Conn.
16 accept 811 vouchers, which only requires the residents to pay 30% of income for rent; and five are exclusively earmarked for homeless individuals or families. As a real estate developer and builder, Dakota Partners develops affordable, workforce and market-rate housing communities across New England, New York and the mid-Atlantic states.
Chrysalis Center helps those living in poverty, veterans, women and children, young adults and individuals who are struggling with mental health, addiction,
HIV/AIDS, homelessness, and those returning from incarceration, through job training, housing and other community healthcare services.
WinnResidential Named Top Company Boston – WinnResidential, 100 in the nation for resident the property management satisfaction in 2022: Manomet arm of WinnCompanies, Place II, a mixed-income complaced among the top five munity in New Bedford, Mass., multifamily operators in owned by WinnCompanies; the United States for overall The Residences at Portwalk, satisfaction in 2022, based a market-rate community in on the results of anonymous Portsmouth, N.H., owned by surveys returned by more Cathartes Private Investments; than 11,000 prospective and Tai Tung Village, a low-income current residents. community in Boston, owned Patrick Appleby The high ranking marks by the Chinese Benevolent Asthe second year in a row the company sociation of New England; Mountain View achieved Elite 5 status as one of the top Villas, an affordable community in Indian five management companies in the nation Wells, Calif., owned by the Indian Wells for resident satisfaction, according to Housing Authority; and The Wauregan, an Kingsley, a business intelligence provider affordable community in Norwich, Conn., for the multifamily industry. To quality owned by Heritage Housing, Inc. for Elite 5 performance, a management Those properties were among 68 company must survey approximately WinnResidential communities in nine 90% of the prospects and residents in its states that exceeded the Kingsley Index portfolio, survey current residents prior benchmark for overall satisfaction – to the renewal date for their lease, and meaning they scored higher than the outperform the national Kingsley Index composite satisfaction score of competitors. for resident satisfaction. Overall, WinnResidential properties “Our property management teams received 2022 scores that outpaced the work hard every day to deliver quality national Kingsley Index in four categories service through thousands of routine – likelihood of lease renewal, leasing staff interactions with residents,” said Patrick professionalism, overall satisfaction with Appleby, president of WinnResidential. management and overall satisfaction with “These anonymous survey results are maintenance. proof that they are making a difference in The company distributed more the quality of life for households within than 95,500 e-mail surveys in 2022 to a wide range of communities across the measure satisfaction from prospective country.” residents, residents who recently moved WinnResidential manages 65,200 into a property, residents from whom a apartments at 630 properties in 17 states work order was completed, residents at and the District of Columbia. the mid-point in their lease and residents The 2022 Kingsley results placed six apartment communities in the top approaching the end of their lease.