152 Units of Affordable Assisted Living
The Senior Residences at Southern Avenue, located in Ward 8, will be a 5-story, 152-unit, Affordable Assisted Living Community (AALC) that accepts Medicaid reimbursements for low-income individuals who would otherwise be unable to afford assisted living. This project combines apartment-style housing with personal care and supportive services, which allows residents to live more independently than a nursing home setting. AALC services include three meals per day, personal care, homemaking, laundry, medication supervision, transportation, social activities, recreation, and 24-hour staff to meeting resident’s scheduled and unscheduled needs. The project is being financed using 4% LIHTC credits, tax exempt bonds, and deferred developer fees. The development commenced construction in July 2019 and is anticipated to be placed in service by the 1st quarter of 2021.
