REDEVELOPMENT OF RIVERSIDE
REDEVELOPMENT OF RIVERSIDE
REDEVELOPMENT WITHOUT DISPLACEMENT
With first-rate housing being the heart and soul of a community, REACH Riverside is committed to building 700-units of high-quality, mixed-income housing that elevates the standard of living for Riverside residents and provides the quality amenities our families deserve.
REDEVELOPMENT WITHOUT DISPLACEMENT
With first-rate housing being the heart and soul of a community, REACH Riverside is committed to building 700-units of high-quality, mixed-income housing that elevates the standard of living for Riverside residents and provides the quality amenities our families deserve.
High-Quality Mixed-Income Housing
In partnership with Philadelphia-based Pennrose, a widely acclaimed builder of affordable housing, and the Wilmington Housing Authority, REACH Riverside is developing 700 units of high-quality, mixed-income rental homes in the community. Click here to learn how you can become a member of Imani Village.
A Community Driven Plan
Beginning in 2020, REACH Riverside initiated a two-year planning process with the community to create a shared vision for Riverside and surrounding areas of Northeast Wilmington.
Click here to read the full Northeast Wilmington Transformation Plan.
RESTORE
RESTORE invests in our community through real estate strategies that attract and build community-serving businesses, neighborhood amenities and opportunities for affordable home ownership for residents.
- Home Ownership: Build and/or convert up to 130 homes for affordable ownership.
- Economic Development: Support legacy businesses and create the conditions for new businesses to enter the neighborhood.
- Placemaking: Develop a community culture through green spaces, public art, branded signage, and tree planting.
Why Physical Capital?
Your longevity and health are more determined by your ZIP code than they are by your genetic code. Health, education, safety, access to jobs, and overall well-being are oftentimes closely tied to the conditions of our build environment, which includes housing, revitalizing land, and investing in existing physical capital, and revitalizing land and real estate will directly impact the quality of life in our community!
Through RESTORE, REACH seeks to create:
- A new Kingswood Community Center
- A neighborhood grocery store
- Homeownership opportunities
- A community land trust
- A commercial corridor
- Public green spaces
A huge thanks to our partner, Wells Fargo, for their generous and ongoing support.
