Targeted tenancy: Seniors 55 and over affordable (30% & 60% AMI and market)

Project type: 3 story new construction with elevator

# of units: 80  1 and 2BR units

Total development costs: $22 million

Project sources: 9% LIHTC equity and conventional  financing.

Project status: Complete

This project is designed specifically for the aging population and the building design allows for an abundance of social space. The first floor will include approximately14,000 sf of community spaces, including the main lobby that will have couches and tables, a dining room with kitchen, two sitting areas, doors that open onto the outdoor green area with a gazebo, a nurse’s office, a banker’s office, and an exercise room with equipment appropriate for the 55 and over population. The second floor includes over 11,000 sf of common area with two sitting areas, a library, a multi-media room, and a beauty salon. The third floor includes a computer room and games and craft room. Each spacious unit will have an outdoor balcony, will have wireless internet, and be cable ready. All kitchen appliances will all be energy star rated and include refrigerator/freezer, microwave, electric range/oven, and dishwasher. The units will have vinyl or laminate flooring in the kitchen and bathroom and wall-to-wall carpet in the living and bedrooms.

Reached National Green Building Standard (NGBS)- Emerald Status