Washington, DC Affordable Senior Housing Breaks Ground
- Nov 25, 2019
A group of developers and community organizations have broke ground on Livingston Place at Southern, a 152-unit affordable assisted living community in Washington, D.C. The new facility, which is reserved for seniors age 60 and above, is the first assisted living property to open in Ward 8, which encompasses about a dozen neighborhoods in the southern part of the city.
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Livingston Place at Southern is being developed by Gilbane Development Co., Carding Group, Dantes Partners and H Street Community Development Corp. Financing was provided by the District of Columbia Housing Financing Agency, which issued $50 million in bond financing and underwrote $15.3 million in low-income housing tax credit equity for the $67 million property.
The community will offer a mix of 84 efficiency and 68 one-bedroom units to individuals or couples with incomes at 60 percent or less of the annual median income, as well as those who qualify for Medicaid. A property management company will be licensed by the DC Department of Health to operate the community as an assisted living facility.
Residents of the community will have access to a range of support services including medical, dental, rehab, counseling services and assistance with daily living activities. Common amenities at the property include a club/community room, dining rooms, library, theater/TV center, fitness center, beauty/barber salon and transportation for off-site activities.
Earlier this month, BCI Management picked up a 100-unit age-restricted community in Baltimore from sellers Osprey Property Cos. and Pax-Edwards.