AHEPA Senior Living breaks ground on fifth Des Moines area community

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AHEPA Senior Living breaks ground on fifth Des
Moines area community
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• Des Moines, Iowa AHEPA Senior Living (ASL), a
  nationwide nonprofit provider of affordable
  multifamily housing for older adults, held a
  groundbreaking ceremony for AHEPA 192 IV
  Apartments in Des Moines, Iowa, Aug. 18, 2023,
  announced ASL President and CEO Steve Beck.
• The speaking program featured City Councilman Joe
  Gatto, Steve Eggleston, HUD Des Moines Field
  Office director ASL Chairman of the Board Ike
  Gulas, and AHEPA 192 IV, Inc., Board President
  James L. Karthan, and AHEPA and Daughters of
  Penelope local chapter officers. Beck moderated
  the program, which also featured a ceremonial
  first shovel dig. Father Basil Hickman of Saint
  George Greek Orthodox Church performed the ground
  blessing. Attendees included representatives from
  the offices of U.S. Senators Charles Grassley
  (R-IA) and Joni Ernst (R-IA), and U.S. Rep. Zach
  Nunn (R-IA). Several ASL Executive Board officers
  and members also attended. The event earned
  coverage from the Des Moines Register.
• Photo gallery (Credit to Joe Crimmings Creative
  Media)

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• AHEPA 192 IV will be a three-story, 90-unit
  affordable senior housing community located on
  4.4 acres of the old Southridge Mall site. It
  will be the fifth Des Moines-area affordable
  senior housing community managed by ASL and
  administered by the U.S. Department of Housing
  and Urban Development Section 202 program.
• According to Beck, AHEPA 192 Phase IV is the
  first HUD 202 community ASL is constructing since
  HUD began funding capital advances for new 202s
  in earnest a few years ago.
• AHEPA 192 IV is a 22 million project. Its
  financing is comprised of a 8.9 million HUD
  Section 202 capital advance, a 6 million
  low-income housing tax credit allocation, a 1.25
  million Polk County Housing Trust Fund award, and
  a HUD 223(f) mortgage loan.
• The need for affordable housing, especially for
  very low-income seniors, is great, and in the Des
  Moines area, each of our four existing
  communities has a waitlist, Beck said.

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• We are excited and proud to be able to help
  seniors in need of safe and dignified housing
  with 90 new units thanks to our financing
  partners and the support we have received from
  the City of Des Moines, Polk County Housing Trust
  Fund, and HUD, and special thanks to our
  development team.
• ASL also manages AHEPA 192 Phase I Apartments in
  Johnston AHEPA 192 Phases II and III Apartments,
  and Penelope 38 Apartments, in Ankeny. These four
  communities total 196 units.
• 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.

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• About ASL
• 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. 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/
• ASL is based in Fishers, Ind.

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AHEPA 192 II Senior Apartments
AHEPA 192 Senior Apartments
Penelope 38 Senior Apartments
AHEPA 192 III Senior Apartments