Affordable Assisted Living Case Studies

Coming Home Program - Phase I

The goal in Phase I of the Coming Home Program (1992-1998) was to prove that it is feasible to develop affordable models of assisted living. Here are case studies of Coming Home's first five demonstration projects, which all continue to operate successfully today.

Phase I Demonstration Projects:

Cache Valley Assisted Living 
Ullin, Illinois 

Owner:	Cache Valley River to River L.P.
Sponsor:	River to River Residential Development Corporation
Developer:	River to River Residential Development Corporation & The Siedlund Company
Project Description:	40 units of affordable assisted living
Project Budget:	$3.6 million

Overview: 
This 40-unit affordable assisted living facility was constructed on five acres in rural Southern Illinois (Ullin) with River to River Residential Corporation, an Illinois nonprofit. Cache Valley is a demonstration by the Illinois Department on Aging of their ability to adapt the State's Medicaid waiver program and the Community Care Program to serve seniors in an assisted living (congregate care) setting. The Department reimburses for seven different levels of services based on periodic evaluations of the residents. The assisted living facility is a single-story structure, totaling 30,192 square feet. The residential component of the structure consists of 22 studios (368 s.f.), 17 one-bedroom (409 s.f.) units, and 1 two-bedroom (643 s.f.) units. All of these units are designated for low- and very low-income residents who are also Medicaid-eligible residents.

Financing: 
The Coming Home revolving loan fund provided the project with $382,000 in pre-development funds. Construction financing of $2.5 million was provided by NCB Capital Impact (formerly NCB Development Corporation) and the Coming Home revolving loan fund. Permanent financing consisted of a $680,000 loan from Southern Illinois Health System (SIHS); a $500,000 loan from the Illinois Trust Fund; and $2.2 million in Low Income Housing Tax Credit equity. In addition, the project received a $90,000 grant for working capital from the Retirement Research Foundation.
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Big Muddy Assisted Living  Murphysboro, Illinois

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Owner:	Big Muddy River to River, L.P.
Sponsor:	River to River Residential Development Corporation
Developer:	River to River Residential Development Corporation & The Siedlund Company
Project Description:	50 units of affordable assisted living
Project Budget:	$4.5 million

Overview: 
This is the second of five planned projects with River to River Residential Corporation, an Illinois nonprofit. This 50-unit assisted living facility was constructed on approximately five acres in rural Southern Illinois (Murphysboro). Unlike, the facility in Ullin, IL, this project received a waiver from the Illinois Nursing Home Act and the Illinois Department on Aging allowing the sponsor to be the service provider as well. Supportive services will be reimbursed through the Illinois Department on Aging Medicaid program.

The facility is a single-story structure, totaling 42,255 square feet. The residential component of the structure consists of 30 studios (368 s.f.), 28 one-bedroom (409 s.f.) units, and 2 two-bedroom (643 s.f.) units. All of these units are designated for low- and very low-income residents who are also Medicaid eligible.

Financing: 
The Coming Home revolving loan fund provided the project with $191,000 in pre-development funds. Construction and permanent financing consisted of a $2.2 million Illinois Housing Development Authority HOME loan and $2.3 million in Low Income Housing Tax Credit equity. In addition, the project received a $100,000 grant for working capital from the Retirement Research Foundation.

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Orchard House Assisted Living 
Mt. Angel, Oregon 

Owner:	Benedictine Housing, Inc.
Sponsor:	Benedictine Nursing Center, Inc.
Developer:	NCB Development Services, LLC
Project Description:	50 units of assisted living and 15 units of adult foster care
Project Budget:	$7.3 million

Overview: 
In a collaborative effort, NCBDS and the Benedictine Nursing Center (BNC), a nonprofit affiliate of Benectine Housing, Inc (BHI), built a facility that houses 50 units of assisted living and 15 units of Adult Foster Care. The property is a 4-acre plot of land that sits adjacent to the Benedictine Nursing Center in Mt. Angel, Oregon. The facility is called the Benedictine Personalized Living Center. Fifty residents of the facility will receive funding for both housing and supportive services under the state of Oregon's Vision 2000 Program — a program that allows nursing home-eligible individuals to reside in any community setting and provides a more residential level of care. The residents of this new facility will come from the skilled nursing home that is located on the same campus; 50 nursing home beds will be taken out of service once the assisted living facility is completed.

The facility is a two-story structure, totaling 39,583 square feet. The residential component of the structure consists of 20 studios (361 s.f.), 28 one-bedroom (424 s.f.) units, and 2 two-bedroom (643 s.f.) units. The foster care component consists of three single-story structures, each approximately 3,100 square feet in size. Each building has six bedrooms, one for the caregiver and five resident rooms (170 s.f.).

Financing: 
The Coming Home revolving loan fund provided the project with $250,000 in pre-development funds. Construction financing included a $5.8 million construction loan from Bank of America, FSB and $584,000 in deferral of land acquisition cost and development fees. Permanent financing is a loan commitment of $7,338,860 from the U.S. Department of Agriculture Community Facilities Fund.

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Mesa Vista Assisted Living 
Battlement Mesa, Colorado 

Owner:	Battlement Mesa Residents, Inc.
Sponsor:	Senior Housing Options, Inc.
Developer:	Senior Housing Options, Inc. & NCB Development Services, LLC
Project Description:	40 units of affordable and market rate assisted living
Project Budget:	$3.6 million

Overview: 
In collaboration with Senior Housing Options, Inc. (SHO), a Colorado not-for-profit organization, a 40- unit assisted living facility was constructed within the existing retirement community of Battlement Mesa, Colorado. As the developer of this community in western Colorado, the Battlement Mesa Company invited the Coming Home program to develop an affordable assisted living project there. The company donated five acres for development of the project (value $133,000). NCBDS partnered with SHO, an organization that has 17 years of experience providing affordable senior care and housing in the Denver metro area and a mission to serve Colorado's smaller rural communities.

The facility is a single-story structure, totaling 28,496 square feet. The residential component of the structure consists of 28 studios (368 s.f.), 11 one-bedroom (409 s.f.) units, and 1 two-bedroom (643 s.f.) unit. The project includes 32 units designated for low- and very low-income seniors.

Financing: 
The Coming Home revolving loan fund provided the project with $148,000 in pre-development funds. Construction financing was provided by the Colorado Housing Finance Agency (CHFA) ($2.6 million) and $174,000 in deferred development fees. Permanent financing is provided by the First Federal Bank of Colorado ($160,000 Federal Home Loan Bank — Affordable Housing Program), the Division of Housing ($500,000 — Community Development Block Grants) and $2,835,500 by the U.S. Department of Agriculture Community Facilities Fund.

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Osage Terrace 
Bentonville, Arkansas 

Owner:	Osage Terrace, L.P.
Sponsor:	Community Development Corporation of Bentonville
Developer:	Community Development Corporation of Bentonville/Bella Vista
Project Description:	40 units of affordable senior housing
Project Budget:	$3.3 million

Overview: 
The Community Development Corporation of Bentonville/Bella Vista (CDC), an Arkansas nonprofit served as both sponsor and developer for the construction of this 40-unit senior housing facility. The facility was constructed on approximately five acres of land in the town of Bentonville, Arkansas. It sits adjacent to a new senior center from which it will access services. The construction of an additional senior facility (HUD 202) is planned for the year 2000.

The facility is a two-story structure, totaling 33,734 square feet. The residential component of the structure consists of 30 one-bedroom (552 s.f.) units, and 10 two-bedroom (728 s.f.) units. All of these units are designated for low- and very low-income residents.

Financing: 
The Coming Home revolving loan fund provided the project with $164,000 in pre-development funds. Construction financing of $2,003,575 and permanent financing of $580,000 were committed by the Bank of Bentonville. Additional permanent financing was provided by the Arkansas Development Finance Authority ($748,000 in soft secondary financing), the Federal Home Loan Bank/Bank of Bentonville ($250,000 in Affordable Housing Program grant funds,) and a $1.9 million Low Income Housing Tax Credit investment.

Read more about Osage Terrace in our press release, Arkansas Opens One of the Nation's First True Affordable Assisted Living Residences (12/09/02), and on the HUD website, " Assisted-Living Facility First for Arkansas ".

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