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.


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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: Verne Barry Place

Verne Barry Place

Verne Barry Place is a creative example of building preservation and adaptation in Grand Rapids, Mich., designed to meet the needs of some of the area’s lowest-income residents. NEF invested $13.5 million on behalf of eight investors to fund this impressive "green" development.

The 116-unit supportive housing project, developed by Dwelling Place, Inc., features seven commercial spaces and serves homeless residents, including veterans.

View project profile.

NEF Project Portfolio >GO

NEF has invested $6.9B of equity that has helped build 100,000 homes in 1,600 projects across America. Learn more about partnering with NEF.

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