SAN BERNARDINO, Calif. – National CORE has tabbed a leading anti-blight and neighborhood development executive to lead the highly anticipated Waterman Gardens revitalization.
Erik Johnson, 42, former executive director of the Livable City Initiative in New Haven, Conn., will serve as Vice President of Development at CORE, one of the nation’s largest nonprofit developers of affordable housing. He will focus primarily on Waterman Gardens, a transformational project in the heart of San Bernardino.
“We’re fortunate to get a person of Erik’s experience and credentials to help lead our Waterman Gardens project,” said Steve PonTell, President and Chief Executive Officer at Rancho Cucamonga-based CORE. “The work he did in New Haven is a standard for community and neighborhood redevelopment, and exemplifies the opportunity that exists in San Bernardino.
Waterman Gardens is a 70-year-old public housing project that will be transformed into a state-of-the-art community of affordable, senior and market-rate housing. Construction is expected to begin in early 2015 on the first phase of the project, a 76-unit multifamily project at 9th Street and Valencia Avenue.
Studies by the Center for Economic Research and Forecasting at California Lutheran University show the Waterman Gardens redevelopment will be catalytic to the community at large, creating more than 1,000 jobs – directly and indirectly – during construction and generating $81 million in direct economic impact to the county.
Johnson, who will arrive in his new role on Nov. 17, said San Bernardino’s location in the heart of the region’s growing logistics industry creates abundant economic opportunities for residents and the community at large.
“Waterman Gardens is an opportunity to make a difference not just in a neighborhood, but a city,” he said. “I’ve built my career on making a difference, and CORE has an impressive track record of doing that –transforming lives and communities. Waterman Gardens is a perfect example of that.”
At the Livable City Initiative, Johnson led a team of 46, oversaw an investment pipeline of 1,000 new units in $500 million in potential development activities, grew the city’s investment in workforce and affordable housing, and managed a heightened code enforcement operation that significantly reduced the number of blighted properties.
According to the New Haven Independent, Johnson’s innovations included selling five abandoned homes to five different owners to test five different approaches to neighborhood renewal.
Before joining the City of New Haven in 2010, Johnson spent five years in Washington, D.C., as project manager for the real estate development firm William C. Smith & Co and as a project manager and special assistant for the city’s Home Again economic development initiative. He also has worked for the Reinvestment Fund in Philadelphia and the Development Credit Fund Inc. in Baltimore.
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About National CORE
National CORE, based in Rancho Cucamonga, Calif., is one of the nation’s largest nonprofit developers of affordable housing. CORE manages nearly 9,000 affordable, senior and market-rate units in California, Arkansas, Texas and Florida. Over the past two decades, its Hope through Housing subsidiary has provided more than 2 million hours in supportive services to enhance quality of life, including preschool, afterschool, senior wellness and upward mobility programs. For more information on both organizations, please visit www.nationalcore.org or follow us on Facebook at www.facebook.com/nationalcore.
Contact: Steve Lambert, The 20/20 Network
(909) 841-7527/ firstname.lastname@example.org