Castlegate Green October 28, 2020 Presentation Content

2904 Castlegate Avenue Mt. Lebanon, PA Castlegate Green October 28, 2020 Presentation Content

Team Introductions Overview

The Community Builders, Inc. - profile Development Proposal

Schedule

Castlegate Green 1 Team Introductions

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 2 Team Introductions

Developer: The Community Builders, Inc.

Co-Developer: Three Rivers Communities, Inc.

General Contractor: SOTA Construction

Architect: Tai+Lee Architects

Civil Engineer: Common Ground

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 3 Overview

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 4 Overview

Multifamily Housing 5. 6 acres to be developed with 7 residential buildings and a standalone management office with a community room and greenhouse.

• 4 Townhome Building Strings (24 apartments) • 2 Garden Apartment Buildings (24 apartments) • 1 Stacked Triplex Building (3 apartments)

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 5 OverviewProjectProject – OverviewOverviewSite Location

• Original campus of the DePaul Institute.

• More recently the campus of the Bradley Center.

• Site Entrance at the Intersection of Castlegate and Dorchester Avenues.

• Dorchester Avenue is located in Pittsburgh’s Brookline neighborhood.

• Site is adjacent to Pittsburgh Salvation Army which has its own private access drive.

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 6 OverviewProject – Existing Overview Site Conditions

• Site was subdivided in 2017 into parcels B-1 & B-2.

• The Dorchester of Mt. Lebanon (60 senior apartments) was developed B-2 on Parcel B-1 (2.6 acres) in 2018 and B-1 5.6 acres occupied in 2019.

The Dorchester of Mt. Lebanon

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 7 The Community Builders, Inc. - profile

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 8 Castlegate Green Vanessa Murphy Senior Project Manager Mid-Atlantic Office Pittsburgh, PA

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 9 The Community Builders (TCB) – Who We Are

Who We Are • TCB was founded in Boston in 1964 and is one of America’s leading nonprofit real estate developers & owners.

• TCB’s mission is to build and sustain strong communities where all people can thrive.

• TCB develops, finances and operates high-quality housing and implements neighborhood-based models that drive economic opportunity for our residents.

• TCB owns or manages 12,000 apartments in 14 states.

• TCB is headquartered in Boston with regional hubs in Chicago, New York and Washington, D.C.

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 10 The Community Builders – What We Do

REAL ESTATE DEVELOPMENT PROPERTY MANAGEMENT

• Completed or preserved over 30,000 • TCB manages 112 properties containing nearly apartments including 14 public housing 9,000 apartments. transformations. • TCB is an Institute of Real Estate Management Projects Developed: 375 Accredited Management Organization. Properties Owned: 137 Units Owned: 11,912 • TCB’s portfolio is ranked in the National Affordable Housing Management Association’s • Developed or invested in more than 1.9 Top 100. million square feet of neighborhood commercial and retail space.

RESIDENT SERVICES – “COMMUNITY LIFE” TCB supports over 5,600 families in 38 communities

• Empowered Communities: Every family and senior has the potential to thrive. We connect adults, children and seniors to resources and opportunities to build a brighter future for their community. • Strategic Partnerships: TCB is rooted in the neighborhoods where we work; collaborating with innovative local partners to share resources, design programs and deliver results. • Measured Outcomes: TCB’s evidence-informed approach measures progress & outcomes for early education, youth development, asset building, workforce development, civic engagement & health.

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 11 The Community Builders – Mixed Income Housing

Each neighborhood we work within is HISTORIC PRESERVATION UNIQUE and results in a site-specific housing solution.

Spring Garden Apartments Philadelphia, PA

Hillside View Apartments Schenectady, NY

Central Grammar Apartments Gloucester, MA

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 12 The Community Builders – Mixed Income Housing

Each neighborhood we work within is UNIQUE and results in a site-specific NEIGHBORHOOD housing solution. TRANSFORMATION

Schoolhouse Terrace The Pointes at Avondale Yonkers, NY Cincinnati, OH

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 13 The Community Builders – Mixed Income Housing

Each neighborhood we work within is UNIQUE and results in a site-specific Master-planned Communities housing solution.

Village Hill Northampton, MA

Armstrong Renaissance Richmond, VA

Broad Creek Norfolk, VA

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 14 The Community Builders – Mixed Income Housing

Each neighborhood we work within is URBAN LIVING UNIQUE and results in a site-specific housing solution.

The Lofts at NODA Mills Charlotte, NC Residences at Oakwood Shores Chicago, IL

Charlesview Residences Brighton, MA

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 15 The Community Builders – Mixed Income Housing

Each neighborhood we work within is UNIQUE and results in a site-specific SUBURBAN LIVING housing solution.

Morgan Woods Cascade Village Edgartown, MA Akron, OH

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 16 The Community Builders – Pennsylvania Investments

TCB has been building communities in Pennsylvania for over 20 years, having constructed/preserved over 900 quality housing units throughout PA. (Pittsburgh, Moon Township, McKees Rocks, Coatesville and Philadelphia)

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 17 TCB Projects in Pittsburgh

Forest Green - ACHA Hope VI (Moon Township)

New Pennley Place & Garland Park Meyer’s Ridge - (East Liberty) ACHA Hope VI (McKees Rocks)

Gladstone & 4800 2nd Ave. (Hazelwood)

Castlegate Green (Mt. Lebanon) Hillcrest Senior Residence (Carrick)

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 18 The Community Builders – East Liberty Redevelopment

New Pennley Redevelopment Pittsburgh, PA

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 19 The Community Builders – East Liberty Redevelopment

East Liberty Place Mixed-Income Residential & Mixed-Use

East Liberty Phased Redevelopment Pittsburgh, PA

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 20 The Community Builders – Carrick

TCB Green In 2018, TCB’s Hillcrest Residences in Pittsburgh was the largest project in North America at the time to receive Passive House Institute US Certification.

Hillcrest Senior Residences Pittsburgh, PA

Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 21 Development Proposal

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 22 Development Proposal – Multifamily Site Plan

Castlegate Green

• 51 Apartments - 11 one-bedroom apts. - 29 two-bedroom apts. - 11 three-bedroom apts. • 2 and 3-story buildings • 101 parking spaces including (includes 7 ADA parking spaces) • Internal drives will be privately owned • On-site Management Office • Open Greenspace & Gardens for residents • Property will generate Real Estate Tax

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 23 Development Proposal – Triplex & Townhomes

New Housing on Dorchester Ave. to be contextual in scale & architecture with adjacent neighborhood (2-story).

One Triplex Building

• One 3-bedroom accessible, ground floor apartment. • Two 1-bedroom apartments on 2nd Floor. • All units have private patios or balconies. Four Townhome Strings

• 2 and 3-bedroom, two-story apartments. • All units have private patios.

Castlegate Green Preliminary Design Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 24 Development Proposal – Triplex & Townhomes

Proposed Unit Types

Castlegate Green Preliminary Design Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 25 Development Proposal – Garden Apartments

Two Garden Apartment Buildings

• 4-square plan with 12 units per building • 1 and 2-bedroom apartments. • One-story living. • All units have private patios or balconies.

Castlegate Green Preliminary Design Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 26 Development Proposal - Agrihood

An agrihood offers a sustainable lifestyle. It is a community that integrates agriculture into a residential neighborhood to facilitate food production while at the same time providing recreation and opportunities for engagement for members of the community.

"The Patch": KTGY Architecture & Planning, Irvine, Calif. Illustration: KTGY Architecture & Planning Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 27 Development Proposal – Management Building & Community Gardens

• On-site Management Office • Private Community Room • Greenhouse • Adjoining Community Garden for residents with Shed

Castlegate Green Preliminary Design Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 28 Castlegate Green – Unit Types & Income Restrictions

Castlegate Green: 51 Units

Income Tier 1 Bdr 2 Bdr 3 Bdr Total % 20% AMI 1 1 1 3 6%

30% AMI 0 0 2 2 4%

50% AMI 3 16 4 23 45%

60% AMI 1 6 2 9 18%

Market / Unrestricted 6 6 2 14 27%

11 29 11 51 100%

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 29 Low Income Housing Tax Credits (LIHTC)

Low Income Housing Tax Credits (LIHTC) : The Requirements • The LIHTC program restricts rents. It does not provide rental subsidy.

• Sometimes a developer may secure rental subsidy (such as Section 8) for some LIHTC units within a property, but this is not always the case.

• What does it mean to be affordable to a household?

Rent + Estimated Utilities <= 30% of a household’s income

Allegheny County household incomes - 2020 Rent + Estimated Utilities = Max. Rent Income 1 2 3 4 Rent 1 Bdr 2 Bdr 3 Bdr Tier Person Person Person Person Tier Max Max Max Rent Rent Rent 20% $11,620 $13,280 $14,940 $16,600 AMI 20% AMI $311 $373 $431 50% $29,050 $33,200 $37,350 $41,500 AMI $778 $933 $1,079 AMI 50% $34,860 $39,840 $44,820 $49,800 60% 60% AMI $933 $1,120 $1,295 AMI

Castlegate Green 31 Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 30 Site Engineering

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 31 Site Engineering – Design Features Midland Street Castlegate Avenue Dorchester Avenue Site Design Features • Site entrance at intersection of Dorchester & Castlegate Avenues (existing location) • Addition of street trees & sidewalk along Dorchester Ave. • Widened Dorchester Ave. • New crosswalks at Dorchester Ave. to create a pedestrian connection to Brookline Blvd. • Decentralized bicycle parking. • ADA Accessible Routes within the development. • Community Garden with Shed • Smaller Planting Beds (herbs/flowers) • Playscape Area & Common Lawn • Informal Garden with perennials, berry patches and fruit & nut trees.

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 32 Project Schedule

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 33 Project Schedule

Fall 2019 - LIHTC Application submitted to PHFA.

Spring / Summer 2020 – Demolition by Owner.

Summer 2020 – PHFA award of 9% LIHTC financing.

Fall 2020 – Spring 2021 – Land Entitlements

Summer 2021 – Construction Start.

Fall 2022 - Construction Completion & Leasing

Contact: [email protected]

Castlegate Green Team Introductions Overview The Community Builders, Inc. Development Proposal Site Engineering Schedule 34