From Lucas Metropolitan Housing's press release:
National Church Residences, in partnership with Lucas Housing Services Corporation-a Lucas Metropolitan Housing (LMH) Non-Profit Affiliate-has been awarded $5,898,509 from HUD's Section 202 Supportive Housing Grant for the Elderly for Collingwood Green Phase V. The Section 202 Supportive Housing for the Elderly Program provides rental assistance and capital advances to private, nonprofit sponsors to finance the development of housing for very low-income elderly residents.
Collingwood Green Phase V will consist of a 75-one-bedroom apartment mixed-use building, with commercial space on the first floor. The 20-acre site with the mid-rise building will serve the elderly. The projected total development cost will exceed $17 million.
Congresswoman Marcy Kaptur was on hand for the announcement. She stated, "Our seniors have spent their lives building up and providing for the next generations - and we owe it to them to ensure they are provided the dignity, care, and respect they deserve. This remarkable partnership between National Church Residences, Lucas Metropolitan Housing, and the federal government is indicative of the community-wide dedication to lifting up our aging residents. We appreciate the tireless efforts undertaken by all to advance this project and bring us one step closer to housing our neighbors in need."
The award will support the construction of 30 of the 75 apartments that will be available for very low-income elderly households. The remaining 45 apartments will be funded through a variety of other sources including, but not limited to, private funding, Low-income Public Housing Tax Credits, and the Federal Home Loan Bank-Affordable Housing Program.
"At Lucas Metropolitan Housing (LMH), we are translating vision into reality-to create and maintain sustainable, affordable housing opportunities, provide pathways to a better quality of life, and empower vibrant communities. This award supports our vision to expand the supply of affordable housing with supportive services. In this case, to provide options for the elderly that will allow them to live independently but in an environment that provides additional support activities," said Joaquin Cintron Vega, LMH President and Chief Executive Officer and President of the Lucas Housing Services Corporation.