Spring 2011 - Retirement Housing Foundation

Expanding the Mission
2011 Will Be a Year of Expansion
Nevada Welcomes RHF
A large crowd gathered for the groundbreaking
ceremony of College Villas in Henderson, Nevada on
February 24th. Partnering with First Federal Reality -
DeSimone, RHF began construction on its 164th
community and its first community in the state of Nevada.
College Villas will be a 226-unit, tax credit apartment
community for older adults when finished in the Spring
of 2012. The list of speakers for the event included Former
Nevada Governor Richard H. Bryan, Nevada State Senator
Mike Schneider, Mayor Andy Hafen and Councilwoman Gerri Schroder,
from the City of Henderson.
Financing for the development, construction, and operation of College Villas
has been provided by the United States Department of Housing and Urban
Development, the Nevada Housing Division, a Clark County HOME Loan, a
City of Henderson HOME Loan, PNC Real Estate, and Wells Fargo Bank.
RHF’s Mission Expands in the New England Area
RHF continues to acquire affordable communities in
the New England area. This now brings the total to 12
communities that are
Shepherd Park
Shepherd Park is a 372-unit senior community in Hartford,
Connecticut and is RHF’s first community in the
state of Connecticut. Immediately after the paperwork
was final, we began rehab work on the community.
Riverside Village
Riverside Village is a 312-unit family community in
Leominster, Massachusetts.
RHF Opens Two More Affordable Communities
RHF continues to partner with the Department of Housing and
Urban Development (and other local agencies and organizations)
and build HUD 202 communities - even as funding for this program
continues to be cut.
Village Gardens
Village Gardens is a 40-unit community for seniors (Norfolk,
VA). This community is located next to RHF’s Village Pointe
and is the fifth RHF community in Virginia.
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