Spring 2011 - Retirement Housing Foundation

Expanding the Mission2011 Is a Year of ExpansionNevada State SenatorMike SchneiderNevada Welcomes RHFCollege VillasA large crowd gathered for the groundbreakingceremony of College Villas in Henderson, Nevada onFebruary 24th. Partnering with First Federal Reality -DeSimone, RHF began construction on its 164thcommunity and its first in the state of Nevada.College Villas will be a 226-unit, tax credit apartmentcommunity for older adults when finished in the Springof 2012. The list of speakers for the event included formerNevada Governor Richard H. Bryan, Nevada State SenatorMike Schneider, Mayor Andy Hafen and CouncilwomanGerri Schroder, from the City of Henderson.Financing for the development, construction, and operation of College Villashas been provided by the United States Department of Housing and UrbanDevelopment, the Nevada Housing Division, a Clark County HOME Loan, aCity of Henderson HOME Loan, PNC Real Estate, and Wells Fargo Bank.RHF’s Mission Expands in the New England AreaRHF continues to acquire affordable communities in the New England area,now bringing the total to 12.Shepherd ParkShepherd ParkShepherd Park is a 372-unit senior community in Hartford,Connecticut and is RHF’s first community in the state ofConnecticut. Immediately after the transfer of ownership,$4.5 million in rehab work began at the community. Thescope of work to be done includes replacing windows,painting the building exterior, renovating elevators,some work in the interior of apartments and replacingboilers and chillers.Village GardensRiversideVillageRiverside VillageRiverside Village is a 312-unit family community in Leominster,Massachusetts. More than $3.25 million in rehab work has begunthat will mostly address exterior issues: parking lot repairs, gutters,signage and lighting.RHF Opens Two More Affordable CommunitiesRHF continues to partner with the Department of Housing andUrban Development (and other local agencies and organizations)and build HUD 202 communities - even as funding for thisprogram continues to be cut.Village Gardens is a 40-unit community for seniors (Norfolk,VA). This community is located next to RHF’s Village Pointeand is the fifth RHF community in Virginia.Harshfield Terrace (pictured on the cover of this newsletter)is RHF’s fifth community in California’s Antelope Valley.The Lancaster area was the site of RHF’s first community,Mayflower Gardens. Harshfield Terrace is named after oneof RHF’s founders, Rev. Clark Harshfield, and is a 75-unitcommunity.-6-