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transformed the Marshall-Ridley area in the Southeast Community, creating new housing options,
community services, recreational opportunities and parks. As part of the CNI Transformation Plan, Ridley
Place will be redeveloped over several phases with affordable housing replacement units onsite and in
two other nearby locations as well as some units replaced as tenant based or project-based vouchers. To
date, the CNI Transformation Plan includes the completion of two housing developments known as Lift
and Rise I and II. In total, 81 units were built. LIHTCs were awarded for the construction and totaled
$10.343 million.
During PY 2023-2024, the CNI revitalization of the Ridley on-site development continued. The Choice
Neighborhood Initiative (CNI) projects involve Phase 2 & 3 housing developments on the former Ridley
site, strategically positioned between 12th and 18th streets, covering the extensive area from Jefferson
Ave to Ivy Avenue. These initiatives aim to rejuvenate the community by introducing a diverse array of
housing options. With the objective of enhancing residential opportunities, the development plans include
the construction of 155 new rental units and 24 single-family homes for purchase. This holistic approach
seeks to address various housing needs within the community.
Among the rental units, 79 will be specifically designated for project-based rental assistance, prioritizing
former Ridley Place residents to ensure continuity and support for the existing community. Additionally,
48 units will cater to families earning less than 60% of the area median income, addressing affordability
challenges faced by many households. Furthermore, 28 units will be available at market rate, offering
housing options beyond subsidized or income-restricted housing.
Construction is currently underway for both phases of the project, with Ridley III-R (phase 1) slated to be
finished in August 2024 with lease up beginning September 2024; while Ridley IV-R (phase 2) is slated to
be completed in January 2025 and lease up will begin the following month.
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