September 24, 2021

AHEPA Management Announces Two HUD Awards

AHEPA Management Announces Two HUD Awards for New Multifamily Affordable Housing for Seniors

Projects will be built in Des Moines, Iowa and South Bend, Indiana

*FISHERS, Ind. — *AHEPA Affordable Housing Management Company (AMC) is proud to be the recipient of two U.S. Housing and Urban Development (HUD) Section 202 Supportive Housing for the Elderly program grant awards totaling $16.7 million to support the development of new affordable multifamily rental housing for very low-income seniors in Des Moines, Iowa, and South Bend, Ind., announced AMC President and CEO Steve Beck.

The award for the 100-unit Des Moines project is $8.9 million.

The award for the 80-unit South Bend project is $7.8 million.

“The need for affordable housing, especially for very low-income seniors, is great,” Beck said. “Each of our existing affordable elderly housing communities in Des Moines and South Bend have significant waitlists. We are excited and proud to be able to help meet this need with a significant addition of new units in Des Moines and South Bend administered by the HUD Section 202 program.”

Beck added, “I commend our team, and we look forward to working with HUD, federal and city officials, our financing partners, and local AHEPA sponsors to complete these vital projects that will bring safe and dignified affordable housing to Des Moines’ and South Bend’s vulnerable seniors.”

Carl Hollister, chairman of AMC’s parent company, AHEPA National Housing Corporation, stated, “AHEPA is a service organization of Greek Americans and philhellenes that has always sought to give back to the community since its founding in Atlanta in 1922. As volunteers serving on our local housing boards, AHEPA members are proud to be doing their part to help care for our nation’s vulnerable seniors. Congratulations to the board members of AHEPA 192 in Des Moines and AHEPA 100 in South Bend and to the AMC team.”

About AMC

AHEPA Affordable Housing Management Company (AMC) is a mission-driven, nationwide provider of affordable independent senior living and affordable assisted living communities. It has developed and manages 87 affordable independent senior living communities totaling 4,467 units in 19 states that are administered by the U.S. Department of Housing and Urban Development’s 202 program.

AMC, through its subsidiaries, Hellenic Senior Living, Inc., and Hellenic Management, Inc., owns and manages four affordable assisted living communities with 532 units located in Indiana.

AMC is a subsidiary of AHEPA National Housing Corporation (ANHC) and is based in Fishers, Ind.

For more information, please visit www.ahepamgmt.com