Fletcher, Oklahoma Mayor Dick Herrin Welcomes Families to
New Affordable Homes at Northtown Apartments
WHO: Local families and Great Plains Improvement Foundation, Inc. (GPIF) , the town of Fletcher, Oklahoma Housing Finance Agency, Mercy Housing, and Enterprise Community Investment, Inc.
WHAT: Dedication, grand opening, ribbon cutting and tours of the new Northtown Apartments
WHEN: Friday, May 30, 2008, at 10:30 a.m.
WHERE: 500 North East Drive, Fletcher, OK, 73541;
At Martin Street and North East Drive
GUEST SPEAKERS:
- Mayor Dick Herrin, Town of Fletcher
- Senator Don Barrington, Senate District 31
- Keri Dennis, Representative for Congressman Tom Cole, U.S. House of Representatives, 4th District
- Representative Ann Coody, House District 62
- Representative Joe Dorman, House District 60
- John Marshall, Housing Development Team Leader, Oklahoma Housing Finance Agency
- Gail Turner, Comanche County Eastern District County Commissioner
- Chris Nervig, Senior Project Developer, Mercy Housing, Inc.
- Lisa Albers, Assistant Vice President, Bank of Oklahoma
- Russ Kaney, Senior Program Director, Enterprise Community Partners
BACKGROUND: Northtown Apartments is a community of 24 newly built homes for families earning 60 percent or less of area median income in Fletcher, Oklahoma. The apartment complex features 14 two-bedroom homes and 10 three-bedroom homes located within six buildings on a 5.6 acre site. The development also includes a community building with an office, a computer room, library and a meeting room with a kitchen. The $3.5 million project was developed by the Great Plains Improvement Foundation, Inc., with a $2.3 million tax credit equity investment from Enterprise Community Investment, Inc., $820,000 in financing from the Oklahoma Housing Finance Agency, $250,000 in permanent financing from the Bank of Oklahoma and $91,000 from the Federal Home Loan Bank.
The mission of Great Plains Improvement Foundation is to improve the overall quality of life and economic vitality for customers by promoting opportunities in order to achieve a better standard of living. Great Plains Improvement Foundation is a mission driven agency that is an advocate for the poor population of Comanche County. GPIF focuses on the needs of individuals and families in the service area and operates programs that assist families to achieve stability and self-sufficiency.
Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. Enterprise leverages low-income housing, new markets and historic rehabilitation tax credits, short and long-term debt, and development services to capitalize projects that make a catalytic difference in communities. Enterprise has privately raised over $9 billion to finance more than 240,000 affordable rental and for-sale homes, create vital communities and help transform the lives of low-income Americans, particularly those at the lowest end of the economic scale. Currently, Enterprise is investing in communities at a rate of $1 billion a year. Visit www.enterprisecommunity.org and www.enterprisecommunity.com to learn more about Enterprise's efforts to build communities and opportunity.
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Media Contacts
Terri Bolling
Enterprise
410.772.2449
Email Terri
Virginia Spencer
GPIF
580.353.2364
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