Pictured is a rendering of the AHEPA Senior Living apartments. Image provided by AHEPA Senior Living.

News Release

SOUTH BEND — A groundbreaking ceremony took place for new affordable senior housing at 11 a.m. Thursday, Oct. 10.

AHEPA Senior Living broke ground on its three-story, 72-unit affordable senior living community, administered by the U.S. Department of Housing and Urban Development Section 202 Housing for the Elderly Program, at 53871 Generations Drive, South Bend. The project is financed at $20.457 million — comprised of a $7.3 million HUD Section 202 capital advance, $10.161 million in equity generated from the low-income housing tax credit program, and a permanent mortgage loan. AHEPA Senior Living manages one other 50-unit HUD Section 202 community in South Bend, AHEPA 100 Apartments. Section 202 residents are aged 62 and older with household incomes less than 50% of the area median income

AHEPA Senior Living President & CEO Steve Beck said, “The need for affordable housing, especially for low-income seniors, is great. In South Bend, our Phase One community has a waitlist. We are excited and proud to help South Bend seniors who need safe and dignified housing with the addition of 72 units thanks to our financing partners and with the support we received from HUD and the Indiana Housing and Community Development Authority.”

Fishers-based AHEPA Senior Living is a mission-driven, nationwide provider of affordable independent senior and assisted living communities that serves more than 5,000 older adults across the United States. Since 1980, AHEPA Senior Living has developed and managed over 90 HUD Section 202 communities in 21 states. The mission of AHEPA Senior Living is to provide older adults with safe, healthy, and enriching affordable residential communities and quality services that allow them to thrive and enjoy peace of mind.