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Tag: olderadults

AHEPA Senior Living Lands Two QA for Service Coordination Contracts

Posted on by Andrew Kaffes

FISHERS, Ind.–AHEPA Senior Living, a nationwide provider of affordable housing for older adults, is pleased to announce it reached agreements to provide quality assurance and training for service coordination to two affordable senior housing providers, announced AHEPA Senior Living President and CEO Steve Beck.

 

AHEPA Senior Living reached agreements with Church of Christ Care Community in Clinton Township, Mich., and Marion Housing Authority in Marion, Ind.

 

“We have a proud longstanding record of delivering quality service coordination training to dedicated affordable housing providers,” Beck said. “It’s a testament to the excellent standard of service our team of professionals provides. Older adults and persons with disabilities win when we share our knowledge base with fellow providers.”

 

AHEPA Senior Living’s Service Coordination team is led by Director of Service Coordination Jen Parks. Parks works with a team of four Quality Assurance managers to train and provide support to AHEPA Senior Living clients.


Laura Harris with Prairie Tower Apartments, Northwest Real Estate Capital Corp. recently completed a 90-day training session with AHEPA Senior Living.

 

“The training and support I received from AHEPA Senior Living was incredible,” Harris said. “I was not only given the tools and training to perform my job to the highest standard, I was also supported by my Quality Assurance manager every step of the way.”

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About AHEPA Senior Living

Serving more than 5,000 older adults across the United States, AHEPA Senior Living  is a mission-driven, nationwide provider of affordable independent and assisted senior living communities. Since 1980, it has developed and managed more than 90 affordable senior housing communities in 21 states administered by the U.S. Department of Housing and Urban Development’s Section 202 Supportive Housing for the Elderly program.

Through its subsidiaries, AHEPA Senior Living owns and manages four affordable assisted living communities with 532 units in Indiana.

The mission of AHEPA Senior Living is to provide older adults with safe, healthy, and enriching affordable residential communities and quality services that allow them to thrive and enjoy peace of mind.

AHEPA Senior Living is based in Fishers, Ind.

ASL Closes on $25.18 Million Deal to Revitalize Three Alabama Communities

Posted on by Andrew Kaffes

FISHERS, IND.— AHEPA Senior Living (ASL), a nationwide nonprofit provider of affordable multifamily housing for older adults, is pleased to announce the closing of a $25.18 million RAD for PRAC conversion to rehabilitate and preserve three properties in Mobile, Ala., ASL President and CEO Steve Beck announced.

It is ASL’s first closing under HUD’s new RAD for PRAC conversion, a process that allows a nonprofit to rehabilitate an affordable senior housing community for the long term. The deal closed on Aug. 3, 2023.

AHEPA 310 Phases V, VI, and VII Apartments were originally funded by Project Rental Assistance Contracts (PRAC) administered by the U.S. Department of Housing and Urban Development (HUD) Section 202 program for very low-income older adults. HUD’s Rental Assistance Demonstration (RAD) allows the properties to convert their Section 202 PRAC contracts to project-based rental assistance (PBRA), which enables the properties to access financing through low-income housing tax credits (LIHTC), and other sources, to make significant repairs, improvements, and upgrades.

The project’s financing is comprised of a $11.8 million in tax-exempt bonds from the Alabama Housing Finance Authority, $7.39 million in low-income housing tax credit equity, and a $6 million HUD 221 (D)(4) mortgage loan.

“Thanks to our financing partners and the support we received from HUD and the AHFA, we will be able to provide our residents at three Mobile communities with an improved quality of life, a commitment we make every day to providing safe and dignified affordable housing and quality aging services to seniors,” Beck said. “The properties will be completely revitalized upon completion.”

According to Beck, extensive renovations will be made to the units and common areas. Construction will start in September.

“As an Alabamian, I am proud our first RAD for PRAC closing will help Alabama’s seniors for the long term,” ASL Chairman Ike Gulas said. “We plan to pursue more RAD for PRAC deals in Alabama and nationwide as part of a long-range strategy to preserve affordable housing for the betterment of our residents.”

The board president of AHEPA 310 Phases V, VI, and VII, is Attorney Christ Coumanis of Daphne, Ala.

“We’re thrilled for the residents,” Coumanis said. “When the project is completed, they will enjoy modern upgrades and updated amenities in their apartments and community areas.”

The 51-unit AHEPA 310 V Apartments is located at 100 AHEPA Lane.

AHEPA 310 VI, comprised of 65 units, is located at 5223 Cottage Hill Road.

The 59-unit AHEPA 310 VII is located at 6430 Cottage Hill Road.

ASL operates 18 affordable senior housing communities in Alabama, totaling 920 units.

AHEPA Senior Living affordable independent living communities offer very low-income older adults, 62 and over, residential apartment-home living with the voluntary supportive services they may need to continue to live independently as they age. Through service coordination, the services may include meal services, case management, transportation assistance, public benefits programs enrollment assistance, fitness and wellness programs, housekeeping assistance, and health services. As HUD Section 202 developments, they are subsidized and provide rental assistance for very low-income seniors.

About ASL

Serving more than 5,000 older adults across the United States, AHEPA Senior Living (ASL) is a mission-driven, nationwide provider of affordable independent and assisted senior living communities. Since 1980, it has developed and managed more than 90 affordable senior housing communities in 21 states administered by the U.S. Department of Housing and Urban Development’s Section 202 Supportive Housing for the Elderly program.

Through its subsidiaries, ASL owns and manages four affordable assisted living communities with 532 units in Indiana.

The mission of ASL is to provide older adults with safe, healthy, and enriching affordable residential communities and quality services that allow them to thrive and enjoy peace of mind.

To support our mission, please visit https://ahepaseniorliving.org/donate/

ASL is based in Fishers, Ind.

AHEPA Senior Living Breaks Ground on Fifth Des Moines Area Community

Posted on by Andrew Kaffes

DES MOINES, IOWA— AHEPA Senior Living (ASL), a nationwide nonprofit provider of affordable multifamily housing for older adults, held a groundbreaking ceremony for AHEPA 192 IV Apartments in Des Moines, Iowa, Aug. 18, 2023, announced ASL President and CEO Steve Beck.

The speaking program featured City Councilman Joe Gatto, Steve Eggleston, HUD Des Moines Field Office director; ASL Chairman of the Board Ike Gulas, and AHEPA 192 IV, Inc., Board President James L. Karthan, and AHEPA and Daughters of Penelope local chapter officers. Beck moderated the program, which also featured a ceremonial first shovel dig. Father Basil Hickman of Saint George Greek Orthodox Church performed the ground blessing. Attendees included representatives from the offices of U.S. Senators Charles Grassley (R-IA) and Joni Ernst (R-IA), and U.S. Rep. Zach Nunn (R-IA). Several ASL Executive Board officers and members also attended.  The event earned coverage from the Des Moines Register, McKnights Senior Living, The Business Record, Senior Housing News, and The National Herald.

AHEPA 192 IV will be a three-story, 90-unit affordable senior housing community located on 4.4 acres of the old Southridge Mall site. It will be the fifth Des Moines-area affordable senior housing community managed by ASL and administered by the U.S. Department of Housing and Urban Development Section 202 program.

According to Beck, AHEPA 192 Phase IV is the first HUD 202 community ASL is constructing since HUD began funding capital advances for new 202s in earnest a few years ago.

AHEPA 192 IV is a $23.5 million project.  Its financing is comprised of a $8.3 million HUD Section 202 capital advance, a $9.4 million low-income housing tax credit allocation, a $1.25 million Polk County Housing Trust Fund award, a $3.7 million HUD 223(f) mortgage loan, and $400,000 from the City of Des Moines.

“The need for affordable housing, especially for very low-income seniors, is great, and in the Des Moines area, each of our four existing communities has a waitlist,” Beck said. “We are excited and proud to be able to help seniors in need of safe and dignified housing with 90 new units thanks to our financing partners and the support we have received from the City of Des Moines, Polk County Housing Trust Fund, and HUD, and special thanks to our development team.”

ASL also manages AHEPA 192 Phase I Apartments in Johnston; AHEPA 192 Phases II and III Apartments, and Penelope 38 Apartments, in Ankeny. These four communities total 196 units.

AHEPA Senior Living affordable independent living communities offer very low-income older adults, 62 and over, residential apartment-home living with the voluntary supportive services they may need to continue to live independently as they age. Through service coordination, the services may include meal services, case management, transportation assistance, public benefits programs enrollment assistance, fitness and wellness programs, housekeeping assistance, and health services. As HUD Section 202 developments, they are subsidized and provide rental assistance for very low-income seniors.

About ASL

Serving more than 5,000 older adults across the United States, AHEPA Senior Living (ASL) is a mission-driven, nationwide provider of affordable independent and assisted senior living communities. Since 1980, it has developed and managed more than 90 affordable senior housing communities in 21 states administered by the U.S. Department of Housing and Urban Development Section 202 Supportive Housing for the Elderly program.

Through its subsidiaries, ASL owns and manages four affordable assisted living communities with 532 units in Indiana.

The mission of ASL is to provide older adults with safe, healthy, and enriching affordable residential communities and quality services that allow them to thrive and enjoy peace of mind.

To support our mission, please visit https://ahepaseniorliving.org/donate/

ASL is based in Fishers, Ind.

AHEPA Senior Living Announces Grants Totaling Half Million Dollars

Posted on by Andrew Kaffes

FISHERS, IND.— The Board of Directors of AHEPA Senior Living (ASL), a nationwide nonprofit provider of affordable multifamily housing for older adults, is pleased to announce the distribution of $500,000 in grants to nonprofit charitable and service organizations.

“Congratulations to this year’s round of grantees,” ASL Chairman of the Board Ike Gulas said. “We are proud to support these worthy mission-driven organizations. In doing so, we strengthen vital life-saving services for survivors of domestic violence and their families, advance opportunities for access to education, bolster critical at-home nutritional services for vulnerable seniors, support programs that empower and celebrate women, and encourage volunteerism.”

The board announced the grant recipients at this year’s annual board meeting held in Las Vegas, July 21 to 23.

Since 1996, AHEPA Senior Living has supported nonprofits to an amount that exceeds $9 million.

About ASL

Serving more than 5,000 older adults across the United States, AHEPA Senior Living (ASL) is a mission-driven, nationwide provider of affordable independent and assisted senior living communities. Since 1980, it has developed and managed more than 90 affordable senior housing communities in 21 states administered by the U.S. Department of Housing and Urban Development’s Section 202 Supportive Housing for the Elderly program.

Through its subsidiaries, ASL owns and manages four affordable assisted living communities with 532 units in Indiana.

The mission of ASL is to provide older adults with safe, healthy, and enriching affordable residential communities and quality services that allow them to thrive and enjoy peace of mind.

To support our mission, please visit https://ahepaseniorliving.org/donate/

ASL is based in Fishers, Ind.