Last week the Missouri Environmental Improvement and Energy Resources Authority (aka EIERA, yes we joked about E-I-E-I-O) presented a $15,000 check to the Red Brick Community Land Trust (RBCLT) for clean-up of the brownfield site where they plan to build some affordable housing. The St. Louis Business Journal announced the event last week.
First let’s figure out who is who and what is what.
The EIERA explains best who they are on their website:
“The Environmental Improvement and Energy Resources Authority (EIERA) is a quasi-governmental agency that serves as the financing arm for the Missouri Department of Natural Resources. Established by the Missouri General Assembly in 1972, the EIERA Board Members are appointed by the Governor.
The EIERA’s primary mandate is to provide financial assistance for energy and environmental projects and protect the environment. The agency also conducts research, supports energy efficiency and energy alternatives and promotes economic development. The Authority is not a regulatory agency.”
So what is a brownfield? In short, a brownfield is a previously developed site (with or without a building) that is contaminated (see wiki entry). Contamination can happen a number of ways; from the type of construction materials used to the former activities on the site, such as this former gas station site with two empty tanks remaining in the ground. These tanks will be removed before the RBCLT can construct the new affordable housing. RBCTLT’s press release covers more about how a land trust works:
RBCLT separates the cost of the land from the cost of what is built on it. This allows low-income residents to buy a quality home and at an affordable price. When homeowners choose to move and sell the home, they sell the home at a price that balances their interest to have a downpayment for their next home with the community’s interest in keeping the home affordable for another low-income family. In this way RBCLT homes remain permanently affordable from generation to generation. Community land trusts also help to preserve open green space for community gardens, parks and playgrounds.
“The land trust locks in resources like the state grant, permanently securing the benefits for the entire community. This allows the state agency to recycle the subsidy,†said Sarah Coffin, RBCLT board president and assistant professor in the Department of Public Policy Studies at Saint Louis University. “The benefits of the subsidy to the wider community include connecting previously fragmented segments of neighborhoods into cohesive units. One more brownfield will be removed from the urban landscape and the cleaned up site will be maintained as a public good in perpetuity. But more importantly, Red Brick CLT will be able to create homes that low-income people can afford from generation to generation, improving the quality of life for the children and the families who buy these homes, further increasing neighborhood stability and securing economic and cultural diversity in the community.â€
So basically a home owner buys just the home, not the land. With the trust retaining ownership of the land the property can stay more affordable for the next buyer. This is a big contrast to how we’ve been doing affordable housing in St. Louis in the past where the original owner gets a grant or other incentives to help them get a home but once they sell the place basically becomes market rate.
The affordable housing “will be built through a partnership with Youth Education and Health in Soulard (YEHS) and YouthBuild St. Louis Americorps.” Here is more info on YouthBuild:
YouthBuild St. Louis AmeriCorps (Youthbuild St. Louis) is an alternative education, construction training, employment, and leadership development program serving low-income St. Louis youths, ages 18-24, who have not completed high school. Youthbuild St. Louis, which began in 1992, is sponsored by Youth Education and Health in Soulard (YEHS), a community-based organization founded in 1972.
What is uniquely exciting about YouthBuild is that it is combating the St. Louis public schools’ high school drop-out crisis, while helping to replenish St. Louis’s critical shortage of affordable housing.
Although a site plan was distributed the architecture for the new construction has not yet been finalized. Representatives indicated existing buildings adjacent to the site will also be renovated by YouthBuild. As you may recall, this area was threatened with complete demolition earlier this year (see post) but in May the city rescinded their offer of purchase (translation: we no longer seek to take your property away from you).
Above: members of YouthBuild join Mark Bohnert, executive director of Red Brick Community Land Trust; Sarah Coffin, president of RBCLT; and Robert Kramer, EIERA board member.
Above from left, Kristin Allen, development director with EIERA; Karen Massey, deputy director of EIERA, Bob Brandhorst, executive director of YEHS; Mark Bohnert, executive director of Red Brick Community Land Trust; Sarah Coffin, president of RBCLT; Solana Rice, vice president of RCBLT.
Above from left; Sarah Coffin, president of RBCLT; State Senator Maida Coleman (D-5th District); Robert Kramer, EIERA board member; Kristin Allen, development director with EIERA
Above, Sen. Coleman discusses project with RBCLT Board VP Solana Rice and ED Mark Bohnert.
I talked with Exec. Director Mark Bohnert after the presentation was over, here is a short clip:
[youtube]http://www.youtube.com/watch?v=ok8DYP2CVxE[/youtube]
Ald. Phyllis Young was invited to the event but she sent her regrets in advance.
I personally look forward to seeing the progress on the project.