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� I <br /> Frequently Asked Questions ^ <br /> Q:Who is CommonBond Communties? <br /> A: CommonBond Communities is the largest non-profit developer of affordable housing in the Upper <br /> Midwest. As a developer,owner and manager, CommonBond is invested in all of its housing <br /> communities. Since its first housing development, built in 1971,CommonBond has maintained <br /> ownership and management of all of the housing communities it develops. To ensure that its housing <br /> . communities continue to be successful, CommonBond develops partnerships with the neighborhood <br /> and City to ensure that its housing communities are seen as an ongoing asset to the community. � <br /> CommonBond Communities builds stable homes,stronger futures and vibrant communities. <br /> Q: "What is "worfcforce housing"? <br /> A: Workforce housing is not Section 8 subsidized housing. Workforce housing is housing intended to <br /> appeal to gainfully employed, essential workers in the community,i.e. police officers,firemen,teachers, <br /> nurses and medical technicians, office workers,etc.Workforce families are generally younger and are <br /> often establishing their roots in the neighborhood or city where they work and want to live long term. <br /> Q:Who will be living in this housing community? <br /> A:The populations that fall into the workforce housing category,and that qualify for our proposed <br /> project have incomes ranging from$20,130 to$50,340. This would include health aides with incomes of <br /> $21,000, retail workers with incomes of 29,000,and teachers with incomes of$40,000. <br /> Q: How will the development of workforce housing affect my property values? <br /> A:There a number of independent studies, but a recent brief by The Center of Housing Policy, - <br /> Washington, D.C. does an excellent job of condensing all of the studies into one brief.The brief states <br /> that"the majority of sites found that affordable housing does not depress neighboring property values, <br /> and may even raise them in some cases"That being said the brief does stress the importance of several <br /> factors including good design and management of the property. CommonBond is working with a high <br /> quality architecture firm to ensure that the housing community is well designed and will fit within the <br /> community. <br /> ���o�f��� <br /> APR 21 201Q <br /> ci-�r oF oROn�o <br />