AHEPA Senior Living breaks ground on second South Bend community

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AHEPA Senior Living breaks ground on second South
Bend community
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• South Bend, Indiana AHEPA Senior Living (ASL),
  a nationwide nonprofit provider of affordable
  multifamily housing for older adults, held a
  groundbreaking ceremony for AHEPA 100 Phase II
  Apartments in South Bend, Ind., Oct. 10, 2024,
  announced ASL President and CEO Steve Beck.
• AHEPA 100 II, Inc. Board President Panos Niarchos
  welcomed the attendees. The speaking program
  featured Indiana State Senator Linda Rogers,
  Courtney Papa, regional director, U.S. Senator
  Todd Young Griffin Nate, district director, U.S.
  Representative Rudy Yakym HUD Account Executive
  Jessica Duarte and Senior Project Manager
  Coordinator Mary Watkins, and AHEPA Supreme Vice
  President E. Chris Kaitson, who also serves on
  the local housing board, AHEPA 29, Inc., Houston.
  Beck moderated the program, which also featured a
  ceremonial first shovel dig. Rev. Father Alexis
  Torrance, University of Notre Dame Department of
  Theology, performed the ground blessing.

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• AHEPA Senior Living board members who
  participated included Executive Committee Members
  Angelo Kostarides and Charrie Regopoulos and
  Directors Kathy Bizoukas and Angela Magrames.
  AHEPA Supreme Treasurer Themistocles Frangos and
  AHEPA Board of Trustees Member Louis G. Atsaves
  attended.
• I applaud AHEPA for what theyre doing and
  adding on with the second building for new
  residents. This is a great day for those of us in
  our community, and Im so thankful that you have
  chosen to be here, State Senator Rogers said.
• AHEPA 100 II Apartments will be a three-story,
  72-unit HUD-assisted affordable senior living
  community located on 3.86 acres. It will be the
  second affordable senior housing community
  administered by the U.S. Department of Housing
  and Urban Development Section 202 program and
  managed by AHEPA Senior Living in South Bend.
  AHEPA 100 II, Inc., is the projects nonprofit
  sponsor.

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• AHEPA Senior Living closed on the 20.45 million
  deal on October 8, 2024. Financing is comprised
  of a 7.3 million HUD Section 202 capital
  advance, 10.161 million low-income housing tax
  credit allocation, and a permanent mortgage loan.
• The need for affordable housing, especially for
  seniors, is great, Beck said. In South Bend,
  our Phase One community has a waitlist. So, we
  are excited and proud to help seniors who need
  safe and dignified housing with the addition of
  72 units thanks to our financing partners and
  with the support we received from HUD and the
  Indiana Housing and Community Development
  Authority.
• The event earned media coverage from WNDU16 News
  Now, ABC57, Inside INdiana Business, Senior
  Housing News, and McKnights Senior Living.

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• AHEPA Senior Living affordable independent living
  communities offer very low-income older adults,
  62 and over, residential apartment-home living
  with the voluntary supportive services they may
  need to continue to live independently as they
  age. Through service coordination, the services
  may include meal services, case management,
  transportation assistance, public benefits
  programs enrollment assistance, fitness and
  wellness programs, housekeeping assistance, and
  health services. As HUD Section 202 developments,
  they are subsidized and provide rental assistance
  for very low-income seniors.
• (Photo credit Tristan Anderson (Milieu Media)
• About AHEPA Senior Living
• Serving more than 5,000 older adults across the
  United States, AHEPA Senior Living (ASL) is a
  mission-driven, nationwide provider of affordable
  independent and assisted senior living
  communities.

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• Since 1980, it has developed and managed more
  than 90 affordable senior housing communities in
  21 states administered by the U.S. Department of
  Housing and Urban Development Section 202
  Supportive Housing for the Elderly program.
• Through its subsidiaries, ASL owns and manages
  four affordable assisted living communities with
  532 units in Indiana.
• The mission of ASL is to provide older adults
  with safe, healthy, and enriching affordable
  residential communities and quality services that
  allow them to thrive and enjoy peace of mind.
• To support our mission, please visit
  https//ahepaseniorliving.org/donate/
• AHEPA Senior Living is based in Fishers, Ind.

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AHEPA 78 II Senior Apartments
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Penelope 60 Senior Apartments
AHEPA 78 Senior Apartments