Recent Purchases and Renovations

Two homes have now been purchased. One home is in Seven Hills and after some general repair work is completed, its tenants will be able to move in sometime in later 2005. The other home is located in Gates Mills and will be home to four individuals with Prader Willi. This home was a very difficult find, taking over one year of real estate search, due to the very special needs of its prospective tenants. To date this home in Gates Mills is North Coast Community Homes' most expensive purchase and renovation and is expected to incur final costs of approximately $600,000.

Since its inception the vast majority of the tenants for whom North Coast Community Homes (NCCH) has provided housing are of low income. While the counties in which NCCH properties are located are responsible for paying for all support services, the tenants in our rental properties pay rent to NCCH which NCCH strives to keep at a very low level, typically no more than 30% of a tenant's income. As property and renovation costs have grown, as government funding has become more limited and as our tenants have become more severely disabled, maintaining these low rents becomes more and more difficult.

NCCH's goal is to keep rents affordable and it does so by managing properties in a cost effective manner, creating capital reserves for repair and replacement and developing a property only when sufficient funds are available so as to eliminate the need for borrowing, the costs of which would make the rents unaffordable for our tenants. To help support increasing costs, NCCH seeks financial support from individual donors, corporations and foundations.

NCCH has developed more community based housing for individuals with mental retardation and mental illness than any other organization in Ohio.

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