Supportive Housing: 202 Refinancings

NEF Partners with LifeLinkSt. Andrews Court

NEF partnered with LifeLink Housing Corporation and Scott Canel & Associates to build nearly 1,000 units of affordable scattered site senior housing projects in the Chicagoland area: Anchor Senior Living, Greenwood Senior Living, Grove Senior Living and Oasis Senior Living. Each development is a HUD 202 refinancing using 4 percent tax credits, tax-exempt bonds and FHA insurance under HUD's 223(f) insurance program, and all units are subsidized via a Section 8 HAP contract with HUD. A full-time, on-site social services coordinator and office is available at each property.


More Information

LifeLink Housing is a multi-faceted health and human service organization providing quality programs and services to people of all generations, cultures, religions, genders and socio-economic status. Learn more about LifeLink.

To find out how you can help prevent and end homelessness in America, please visit the National Coalition for the Homeless website at www.nationalhomeless.org.

The American Association for Homes and Service for the Aged (AAHSA) helps millions of individuals through their 5,700 member organizations, which offer the continuum of aging services: adult day services, home health, senior housing, assisted living residences, nursing homes, and more. Get more information.

Contact:
Vince O'Donnell
Local Initiatives Support Corporation (LISC)
VP Affordable Housing Preservation Initiative
617-338-5170 or vodonnell@lisc.org

Featured Project: Seneca SRO

Seneca SRO

The $15 million Seneca SRO project is a stellar example of collaboration and creative financing that addresses a dire housing shortage in Buffalo, N.Y. Developed by two organizations with stellar track records in providing supportive housing for persons living with psychiatric disabilities and other special needs populations, the Seneca SRO is a new 75-unit construction project built upon the former site of an asbestos-ridden bowling center, and it is one of the first projects to leverage tax credits and private debt with OMH funding designated for a CR-SRO.  Sponsor DePaul Group, provides support services that focus on assisting residents in developing individual support plans.

View project profile.

NEF Project Portfolio >GO

NEF has invested $6.4B of equity that has helped build 94,000 homes in 1,600 projects across America. Learn more about partnering with NEF.

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