PNC CEO visits Westlawn Gardens
HACM was pleased to welcome Bill Demchak, Chairman, President & Chief Executive Officer of The PNC Financial Services Group, to the Westlawn Gardens neighborhood on July 24. The visit provided an opportunity for Demchak to see firsthand the impact of PNC Real Estate’s investment in Westlawn Gardens through the Low-Income Housing Tax Credit program and to discuss best practices for neighborhood redevelopment. To date, PNC has invested over $90 million in construction of the award-winning neighborhood.
The American Planning Association recently awarded Westlawn Gardens the HUD Secretary’s Opportunity & Empowerment National Planning Award, one of the nation’s highest planning awards. The honor recognizes the large-scale redevelopment of Westlawn, Wisconsin’s largest public housing development on Milwaukee’s northwest side, into Westlawn Gardens, a mixed-income, mixed-use neighborhood that is an international leader in healthy, sustainable design.
Phase I of Westlawn Gardens replaced distressed public housing units with modern, affordable apartments and townhomes within a highly sustainable neighborhood. Featuring parks, playgrounds, community gardens, a network of storm water bioswales, ground source heating/cooling, and LED street lamps, Westlawn Gardens has been recognized as one of the “greenest” neighborhoods in the world by the U.S. Green Building Council. In addition to the APA award, the project has garnered national recognitions from The Congress for the New Urbanism and the Affordable Housing Tax Credit Coalition.
Phase II is underway with construction of 184 new mixed-income affordable and market-rate apartments and homes by the end of 2019 and an additional 524 housing options constructed through 2022. The Choice Neighborhood Initiative of the U.S. Department of Housing and Urban Development is supporting work to improve quality of life in and around Westlawn Gardens, including commercial/retail development, new community amenities, and improved educational quality through neighborhood schools.