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i ' <br /> PC Exhibit A <br /> ; <br /> Proiect Description <br /> CommonBond Communities is proposing to construct a 42-unit workforce apartment community in the <br /> City Orono to be known as"Willow Commons." The housing community will provide an affordable, <br /> workforce housing option for those wishing to live in the Western Suburbs. <br /> Willow Commons will provide two,three and four bedroom units. The units will be rented to <br /> households earning no more than 60%of the County Median Income ($50,340 for a family of four).The <br /> development will be located adjacent to the Long Lake/Orono Fire Department and Highway 12.The <br /> development of Willow Commons as a quality, affordable housing community will help support the <br /> area's growing need for quality, rental housing. <br /> C_ommonBond Communities—Buildin�Homes Hope&Communitv Since 1971 <br /> Founded 39 years ago, CommonBond has grown to become the largest nonprofit provider of affordable <br /> housing in the Upper Midwest located in 45 cities in Minnesota,Wisconsin and lowa with net assets <br /> over$89.9 million and employing^'300 people in its three divisions: housing development, property <br /> management and resource development. CommonBond's portfolio includes 98 housing communities <br /> providing 4,900 apartments and townhomes,serving over 7,800 residents. Starting with the belief that <br /> stable housing is the cornerstone of vibrant, healthy communities,CommonBond provides a strong <br /> model for building and sustaining high quality apartments and townhomes with services for working <br /> families,seniors and people with special needs. <br /> Exqerience <br /> CommonBond has deep real estate development and finance experience, a sophisticated property <br /> management capacity and an innovative, nationally recognized resident services component. This <br /> comprehensive approach to building housing and community sets us apart from many affordable housing <br /> developers. CommonBond was an early national leader in resident services and we have kept an <br /> unwavering commitment to help residents achieve greater social and economic self-sufficiency by <br /> providing customized resident services administered through Advantage Centers that stabilize residents' <br /> lives. <br /> CommonBond is the largest nonpro�t provider of afFordable housing in the Upper Midwest,operating <br /> 98 rental-housing communities located in 45 cities throughout Minnesota,Wisconsin and lowa. This <br /> represents 4900 units of housing overall. <br />