Phase II of Enterprise’s Senior Community Begins
- Dec 14, 2015
Salisbury, Md.—Phase II of The Lodges at Naylor Mill, an affordable housing community for seniors, has kicked off. Enterprise Community Investment announced a $7.8 million Low-Income Housing Tax Credit which made it all possible. The first phase of the development opened in 2007 and has a wait list of 161 people, which makes this next addition extremely necessary.
“After the success of the first phase of The Lodges at Naylor Mill, Enterprise is thrilled to return to Salisbury to meet the demonstrated need for more affordable homes for seniors in the area,” said Raoul Moore, SVP of Syndication at Enterprise. “This investment speaks to our commitment to finding creative, innovative ways to finance affordable housing in communities that need it across the country.”
Construction is expected to be completed in October 2016, and the new property will contain 45 one- and two-bedroom apartments, seven of which will be set aside for seniors with disabilities. Residents will have access to a community room, computer room and exercise and laundry facilities. A services coordinator from the nonprofit Maintaining Active Citizens will provide recreation activities, transportation, light housekeeping, health screenings and other services that promote independent, healthy living. The development will meet the Enterprise Green Communities Criteria, the first national framework for creating and preserving green affordable housing.
Enterprise’s generational goal is to end housing insecurity in the U.S., which means no more homelessness and no more families paying more than half of their income on housing. As a down payment toward that goal, Enterprise will help provide opportunity to 1 million low-income families by 2020 through quality affordable housing and connections to jobs, good schools, transit and health care.
Rendering courtesy of Group Gordon.