Community Celebrates Nearly 100 New Affordable Homes for Working Families in the Grandview Commons Neighborhood of Madison
February 28 2019 - 5:53PM
Business Wire
- Ribbon-cutting and open house for
HARMONY @Grandview Commons brings together community leaders, new
residents and key project partners
- New development funded through
public-private partnership that includes $11 million from WHEDA and
$5.4 million from UnitedHealthcare
Community leaders, newly moved-in residents and development
partners came together today to celebrate the completion of HARMONY
@Grandview Commons, a new 94-unit affordable-housing community for
working families in the region.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190228006072/en/
Ellen Sexton, CEO, UnitedHealthcare
Community Plan of Wisconsin, and Lt. Gov. Mandela Barnes join
community leaders and residents to celebrate the ribbon-cutting for
the new HARMONY @Grandview Commons. Left to Right - front row:
State Sen. Mark Miller; Madison Mayor Paul Soglin; Chris Laurent,
Cinnaire; Terrell Walter, Royal Capital Group LLC; Harmony
Apartments residents; UnitedHealthcare's Ellen Sexton; Lt. Gov.
Barnes; and Ivan Gamboa, WHEDA Chairman (Photo: Lauren
Justice).
HARMONY @Grandview Commons features six two-story structures
with 28 two-bedroom and 66 three-bedroom apartment homes. On-site
amenities for residents include a community clubhouse with a
library, computer lab and meeting space, fitness center,
playground, picnic area with grills, and private garages. Residents
have access to various services and programs such as health and
nutrition classes, higher-education courses, financial training and
after-school activities, among others.
“This is an important day here in Madison, where so many
community partners have helped bring affordable, quality, new homes
for working families,” said Wisconsin Lt. Gov. Mandela Barnes, who
helped lead the ribbon-cutting ceremony. “This beautiful new
community is a model for how we can support families and bring
innovative thinking to how we support them as they build a brighter
future.”
During the ceremony the developers from Royal Capital Group
officially unveiled the new name, HARMONY @Grandview Commons, which
is meant to describe the community as a place for blending family
and experiences for progressive living.
“Harmony, as a part of Royal Capital’s nationally branded
properties, brings quality, affordable homes to working families
who want a contemporary place to live with programs and services
that add to their quality of life,” said Kevin Newell, president of
Royal Capital Group. “What we have helped create with the support
of our development partners will benefit the Grandview Commons
neighborhood for years to come.”
The major funders for the new community were the Wisconsin
Housing & Economic Development Authority (WHEDA) and
UnitedHealthcare. WHEDA provided $11 million in permanent
financing. UnitedHealthcare provided $5.4 million in equity funding
through a partnership with Cinnaire and Minnesota Equity Fund.
“Together with our outstanding partners, WHEDA is continuing its
mission to build quality, safe, affordable housing in the city of
Madison and Dane County,” said WHEDA Board Chair Ivan Gamboa.
“Harmony has a very urbanist feel to its design and has integrated
on-site services that are very appealing for residents.”
“At UnitedHealthcare, we understand that some of the greatest
barriers to better health are not clinical issues, but rather
social and financial barriers, such as access to safe and
affordable housing,” said Ellen Sexton, CEO of UnitedHealthcare
Community Plan of Wisconsin. “We are partnering with other socially
minded organizations that understand the value of good health, and
how public-private partnerships like these can succeed in helping
make a positive impact in our communities.”
UnitedHealthcare, which employs 11,000 people in Wisconsin and
serves the health care needs of nearly 1.7 million people
statewide, has invested $384 million to build more than 70
affordable-housing communities in 16 states, helping create more
than 3,400 affordable homes for individuals and families. The
investments, which include $12 million in Wisconsin, are part of
the company’s efforts to redefine healthy living by helping address
social determinants, like access to affordable housing, that affect
people’s health and well-being.
“Cinnaire, working together with our equity partners
UnitedHealthcare and Minnesota Equity Fund, is helping meet a
critical need within the Madison community to help provide families
with quality, affordable housing with supportive services,” said
Chris Laurent, senior vice president of Cinnaire.
During planning and construction, HARMONY @Grandview Commons,
which was built on vacant land located in the Grandview Commons
neighborhood on the east side of Madison near downtown, was
referred to as The Flats at Grandview Commons. Engberg Anderson was
the architect, and Horizon Construction was the general contractor.
ACC Management Group is the property manager and coordinates
on-site support services. Application and leasing information is
available by calling 608-576-6212.
Click here to subscribe to Mobile Alerts for UnitedHealth
Group.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190228006072/en/
Terrell WalterRoyal Capital Group414-847-6275
UnitedHealth (NYSE:UNH)
Historical Stock Chart
From Mar 2024 to Apr 2024
UnitedHealth (NYSE:UNH)
Historical Stock Chart
From Apr 2023 to Apr 2024