The Senior Residences at Southern Avenue, located in Ward 8, is 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 was placed into service June 2021.
4656 Livingston Rd SE
- 152 Units of affordable assisted living
- Approximately 112,000 GSF
- $67M Total Development Cost
- 4% LIHTC and Tax-exempt bonds
- Rents will be affordable to Medicaid-eligible seniors at and below 60% Area Median Income
- Completed June 2021