A low-income senior housing project in Kent is set to receive $250,000 from the city, pending Kent City Council's final approval on Wednesday.
In a committee meeting April 3, council voted in favor of granting $250,000 in Community Housing Improvement funds to NRP Group for its 68-unit Maplebrook at Golden Pond project on Sunnybrook Road near S.R. 261.
Kent Community Development Director Bridget Susel said that the transition of Silver Oaks, a senior apartment complex, to University Oaks, a student housing complex, showed the city's need for affordable senior housing.
"It highlighted what the city already knew: There's a shortage of affordable housing for seniors here," Susel said. "Many seniors are on fixed income and they make less than 80 percent of the area median income, so we need to find those housing opportunities that allow them to live in a safe and decent housing that is also within their budgets."
Maplebrook at Golden Pond is geared toward seniors 55 years or older living at or below 60 percent of the median area income level.
NRP Group's Maplebrook at Golden Pond project gave Kent the opportunity to use CHIP funding, which is used for low-income housing projects, on not just one home, but 68 units, Susel said, adding that stipulations in tax credit applications insure it will remain a low-income senior living center for at least 30 years.
"It was a win-win and a situation where the need was there, and the city could move forward knowing that at no time was it going to revert to fair market rents," she said.
"This really is a population that needs targeted, and if not for tax credits, affordable senior housing is just not built," she said.
Construction on Maplebrook at Golden Pond is already under way, and is expected to be complete in December.
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