CommonBond Communities

Long range goal: CommonBond Communities seeks to broaden its impact on individuals and communities - by 2025; 15,000 people will benefit from a CommonBond Community as a foundation.

GROW & DIVERSIFY OUR HOUSING PORTFOLIO: CommonBond will increase the number and type of housing units in ownership and under management. We will serve more people and be a more sustainable organization as a result. In the face of vast need, we will pursue projects that are in proximity to our existing infrastructure and /or those that represent independent serviceable scale. We will focus first on opportunities in states where we already have a presence, considering expansion into new state jurisdictions only when compelling market and other factors-such as service funding and partner relationships are in place.

MAXIMIZE OUR RESIDENT SERVICES: Having successfully developed our framework for resident services, CommonBond is poised to enhance its industry-leading Advantage Services, while absorbing growth in the portfolio. With an eye on trends in the national, state and local funding and policy environment, we will strengthen our evaluation of programs using outcomes and impact data. We will determine our strategy and scope of participation in the health and housing field.

BUILD OUR PLATFORM FOR SUCCESS: CommonBond has considerable capacity and is well positioned to grow in spite of market and political uncertainties. Our effectiveness in the future will require innovation and continued investment in people and systems. Increasing public awareness of the social and economic impacts of affordable housing and recognition of CommonBond as a leader in the field will be important factors.

GROW & DIVERSIFY OUR HOUSING PORTFOLIO:
Key Strategy #1: Utilize government programs to the greatest extent that they are available.
Key Strategy #2: Expand our ability to provide housing beyond what is supported by existing government programs
Key Strategy #3: Increase the number of units of housing under fee management

MAXIMIZE OUR RESIDENT SERVICES:
Key Strategy #1: Prepare Advantage Services for the growth and diversification of our housing portfolio.
Key Strategy #2: Understand and illustrate the impact of Advantage Services using better data
Key Strategy #3: Identify and pursue our desired impact at the intersection of health care and housing.

BUILD OUR PLATFORM FOR SUCCESS:
Key Strategy #1: Promote CommonBond's brand and increase our visibility in order to maintain and build private and public support and financial resources.
Key Strategy #2: Build CommonBond's ability to attract and retain a diverse and skilled talent base at all levels.
Key Strategy #3: Develop new sources of funding to achieve programmatic and growth goals.

Advantage Services—life-enhancing services that provide support and opportunities for CommonBond residents—are a critical component of CommonBond's integrated Housing and Services model. Our goal is to support residentsof all ages—including families, children, veterans, and older adults—for long-term stability and independence.Through our site-based Advantage Services Coordinators, we provide direct wraparound services and connections to local resources that are vital to supporting residents. Advantage Services are heavily supported by individual donations and corporate and foundation funding every year.

We develop, own or manage over 7,000 rental apartments and townhomes throughout 52 cities in MN, WI and IA. Because of our deep involvement in every aspect of development, both our physical products and the teams that manage them are high quality and long lasting.

CommonBond is renowned for its award-winning acquisition & development and property management expertise. We've been in the business of developing homes and community since 1971. With a deep portfolio of successful, diverse, long-term partnerships and properties, we are best positioned to address the critical need for more affordable housing in our region. CommonBond manages a portfolio valued at about $500M in a pro-resident and professional manner, while simultaneously protecting the assets and interests of our public and private investors.

We are good neighbors and our presence in a community makes a difference. We go beyond effectively managing our properties, too – we provide supportive services to help residents achieve stability and independence, and we build and maintain important relationships with cities, public agencies, faith communities, and community organizations.

REAL ESTATE:
A long track record of delivering and meeting goals
Access to proprietary financing and relationships
A professional management plus services model
Well-maintained properties with a stable resident base
High resident retention: 377 evictions prevented in the last year
Built-in supportive services to foster quality staffing, residents, and community members
Creating homes that are foundations for other measurable outcomes, like health, education, and rehabilitation

RESIDENT SERVICES (2017 Outcomes):
100% of high school seniors in teen programs graduated or completed their individualized degree programs (compared to 60-70% for local school districts).
278 adults found employment and on average made 20% more than MN minimum wage.
90% of formerly homeless residents in supportive housing maintained housing for a year or more.
2,860 residents participated in community events
810 residents held active leadership roles in their communities.
87% of residents reported that living in a CommonBond community helped them pursue their hopes and dreams.