Sure, there's a fundraising gala on May 19 at the Depot to celebrate 4,000 units of safe, well-maintained apartments and other homes.
But as part of the festivities, CommonBond also recently refinanced about a third of its housing portfolio at a lower interest rate that will permit the organization to reinvest some of the savings to renovate about 1,300 of its oldest units.
The deal also represents a fitting send-off for Joe Errigo, 62, CommonBond's first and only president, who is calling it a career in 2006 after 35 years.
In 1971, Errigo left a job as a planner at the St. Paul Housing and Redevelopment Authority to start CommonBond as a part of the social-justice arm of the Catholic Archdiocese of St. Paul. StarTribune
[CommonBond is no longer part of the Archdiocese's structure.]