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NEVILLE PLACE AT FRESH POND

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Presentation on theme: "NEVILLE PLACE AT FRESH POND"— Presentation transcript:

1 NEVILLE PLACE AT FRESH POND
650 Concord Avenue Cambridge, MA 02138 71 Mixed-income Assisted Living Units Partners: Cambridge Housing Authority (CHA) Neville Community Partners Massachusetts Group Adult Foster Care and PACE programs

2 BACKGROUND In 1996, Cambridge HA was seeking ways to assist its increasing frail elderly population At the same time, the City released an RFP to redevelop a city-owned nursing home CHA proposed to redevelop the property into mixed-income Assisted Living facility Awarded contract in 1997 Opened facility in 2001 NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

3 DESIGN Licensed Assisted Living facility 57 low-income units and 14 market rate units Services for low-income units paid for by the State’s Medicaid Waiver programs Services offered: daily meals, 24 hour on-site personal care and assistance with ADLs Extensive amenities: walking paths, common spaces, outside patio/dining area and beauty parlor NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

4 UNIT TYPES UNIT MIX LOW INCOME UNITS
DESIGN (Continued) UNIT TYPES 0 BR 34 1 BR 24 ALZHEIMER’S 13 Total: 71 UNIT MIX Low Income (up to 60% median) 39 Moderate Income (up to 80% median) 18 Market Rate 14 Total: 71 LOW INCOME UNITS Tax Credits & Project-based S8 30 Tax Credit only 9 Total: 39 NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

5 EFFICIENCY ONE BEDROOM
DESIGN (Continued) UNIT TYPE EFFICIENCY ONE BEDROOM Low/Mod Income Units $2,220 $2,325 Market Rate Units $2,700 $3,200 Medicaid and Section 8 assistance averages $2,000 per unit Low income residents with Medicaid pay approximately $200 - $300 in rent Low income residents without Medicaid pay approximately $1,200 - $1,300 in rent NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

6 CHA assembled a development team and responded to RFP
PROCESS In 1996,Cambridge Public Health Commission issued RFP to redevelop city-owned nursing home CHA assembled a development team and responded to RFP Upon bid award (1997) CHA solicited for financing: tax credits and other types of affordable housing financing Service provider obtained Medicaid waiver subsidy Began construction in 2000 and applied for ALF license Construction and licensing process complete in 2001 NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

7 NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA
PROCESS (Continued) SOURCE TYPE AMOUNT LISC National Equity Fund Tax Credit Equity $6,280,000 49% East Cambridge Savings Bank Construction Loan $3,345,000 26% LISC Predevelopment Loan $750,000 6% City of Cambridge Forgivable Loan $675,000 5% Cambridge Health Alliance $547,000 4% MA Department of Housing & Community Development $500,000 Community Economic Development Assistance Corporation Federal Home Loan Bank Grant $250,000 2% Total: $12,847,000 NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

8 NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA
PROCESS (Continued) DEVELOPMENT COSTS Hard Costs $8,116,152 Soft Costs $4,058,076 Other Costs $122,972 Total Development Costs: $12,297,200 $173,200 per unit NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

9 MANAGEMENT / MARKETING
Staffing and Management: Managed by Senior Living Residences, an experienced Assisted Living service provider The facility has a director, social worker, activities director, 24-hour caregiver staff, part-time nurse, receptionist/office staff, maintenance staff and subcontracts with a food service provider CHA oversees the Manager/Service Provider with one FTE position responsible for Neville Place and other development ventures NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

10 MANAGEMENT / MARKETING (Continued)
Location, Location, Location Referrals from public housing managers and service coordinators NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

11 CHALLENGES/FAILURES/LESSONS LEARNED
All public housing authorities are challenged to provide a continuum of care to low income persons Income threshold for Medicaid disqualifies many low-income households who cannot afford the facility without a service subsidy Affordable Assisted Living development is complicated and ongoing monitoring is substantial Partnering with an experienced service provider is a must NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

12 ACCOMPLISHMENTS/SUCCESSES/HIGHLIGHTS
Ability to provide affordable Assisted Living in a mixed-income setting. MTW program enabled CHA to develop Neville Place through project based section 8 vouchers and fungibility of agency funds NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA

13 SUMMATION Model for PHAs wishing to expand current housing stock or role as an affordable housing resource Layering project-based Section 8 with other capital subsidies enables the development of affordable ALFs. Lessons learned from this model may be applied to other HUD initiatives and the conversion of public housing into affordable assisted living. NEVILLE PLACE AT FRESH POND CAMBRIDGE, MA


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