Dwight Gardens, LLC

The Dwight Garden redevelopment project is the redevelopment of the severely deteriorated Dwight Cooperative, a cooperative with low- and moderate-income members consisting of 80 housing units of which approximately 55 were occupied. The project will transform the severely distressed cooperative into a new mixed-income community that will create a stabilizing factor in the neighborhood. The development represents a mix of public and private financing with an aggressive rehabilitation schedule that will transform the structures into a healthy and livable complex. The new Dwight Gardens development will consist of Eighty (80) fully renovated housing units – twenty units (20) for individuals with income not to exceed 50% AMI, twenty units (20) for individuals with income not to exceed 60% AMI, twenty (20) units for individuals with income not to exceed 80% AMI and twenty (20) units for individuals with income not to exceed 120% AMI. The existing units are garden style, located in 9 buildings spread out throughout the site. In addition to the minimum repairs required by HUD and outlined in the Contract of Sale, Dwight Gardens LLC proposes to do substantial rehabilitation to all of the units, including but not limited to replacing all roofs, replacing all existing siding, replacing all windows, replacing all doors and hardware, replacing all trim, replacing all flooring, replacing existing heating system with individual HVAC systems, upgrading electrical wiring where necessary, replacing and redesigning all kitchens and bathrooms. Construction start is estimated by July, 2011.
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