The US Department of HUD recently announced the awardees for the Section 202 Program. Jph & Associates is pleased to announce the award of the following projects:
Project Name: Blessed Pope XXIII Manor, Fort Myers, FL
Non-profit Sponsor: Diocese of Venice
Capital Advance: $9,724,600; Three-year rental subsidy: $691,200
The funds will be used to construct 68 units for very low-income elderly persons. The project design features a three-story building with 68 one-bedroom units. The construction will incorporate energy efficient features, as well as, visitability and universal design standards. The project will include a community room for social activities and a common laundry area. Residents will have access to a wide variety of supportive services that will allow them to live as independently as possible. In addition to the HUD financing, Lee County is contributing $600,000 in HOME funding and over $250,000 in impact fee reductions.
Project Name: DGN III, Pembroke Pines, FL
Non-profit Sponsor: Miami Jewish Home & Hospital
Capital Advance: $10,634,700; Three-year rental subsidy: $762,300
The funds will be used to construct 75 units for very low-income elderly persons. The project design features a three-story building with 75 one-bedroom units. The construction will incorporate visitability and universal design standards. The project will include a community room for social activities and a common laundry area. The site is in close proximity to medical services, shopping, banking, etc. Residents will have access to a wide variety of supportive services that will allow them to live as independently as possible. The site is being leased from the State of Florida for 75 years at $1 per year. This represents the third phase of the previously successful two Section 202 projects which account for 147 units.
Project Name: Glen East II, Dothan, AL
Non-profit Sponsor: Bnai Brith Housing Inc
Capital Advance: $4,007,200; Three-year rental subsidy: $354,600
The funds will be used to construct 37 units for very low-income elderly persons. The project represents a second phase and when built will provide a total of 76 units adjacent to another senior center. The residents will be within walking distance of a number of shopping, medical facilities, as well as other service facilities. Public transportation is also available to the site.
Tags: Affordable, Elderly Housing, HUD, Nonprofits, poverty, rental housing, Section 202, Senior Housing