Preferred Properties Celebrates Bridge Point Village
Apartments
Special to The Truth
Preferred Properties, Inc. (P˛), a leading non-profit
affordable housing provider celebrated its Ribbon Cutting
Ceremony for the Bridge Point Senior Village Apartments on
March 24. This new multi-family development located at 2005
Suder Avenue offers 11 newly constructed one-bedroom
apartments under a universal design concept and has
accessibility, mobility and sensory features to benefit
seniors age 62 years or older. |

Yvonda A. Bean, Kelan Craig, Michael Marsh |
The building was completed at a total development cost of
over $2 million dollars and the last in the country, with
significant funding provided from the U.S. Department of
Housing and Urban Development – Section 202 Supportive
Housing for the Elderly Program. Other major funders include
the Ohio Housing Finance Agency, and the City of Toledo. The
project itself created 20 local construction jobs, and
supports six recurring local jobs from the operation of the
development.
The BPSV Ribbon Cutting Ceremony event was well attended,
and most activities were held inside the new interior
community room, hosting five key speakers as funders and
community partners. The agenda was led by Yvonda A. Bean,
executive director, then followed by remarks from honorary
speaker Mayor Paula Hicks- Hudson; and key note speakers
Pamela Ashby, Cleveland Field Office Director for the U.S.
Dept. of HUD; Tom Kroma, director of Department of
Neighborhoods for the City of Toledo; Kelan Craig, business
manager of Planning, Preservation and Development for the
Ohio Housing Finance Agency; Michael Marsh, executive
director from the Toledo Fair Housing Center; and Charlotte
O’Neil, board president of Preferred Properties.
Board members, staff, guest speakers, builders, architects
and residents were among the crowd of attendees to enjoy
learning about the history of this project, apartment tours,
and admire the grounds! Yvonda Bean, “today’s reality marks
the culmination of an idea that began nearly 15 years ago by
her predecessor Lew Ellis. The subdivision has morphed into
a mixed community creating housing not only for seniors, but
also individuals with disabilities.”
As Bean extended an appreciation to the project architect
for the building’s design, one resident excitedly exclaimed
“Oh thank you, we love this building!” The development is
reflective of P˛’s mission to create affordable and safe
housing opportunities for the disabled, seniors, and others
in need who can be integrated within the community. |