Explanation
BACKGROUND: This ordinance authorizes the appropriation and expenditure of up to $2,175,000.00 of grant funding from the U.S. Department of Housing and Urban Development (HUD), through the HOME Investment Partnerships Program, American Rescue Plan (HOME-ARP) and authorizes the Director of Development to execute a commitment letter, loan agreement, promissory note, mortgage, and restrictive covenant with Berwyn East Place Senior Housing Limited Partnership for the Berwyn East Place project.
Total City funding of the project is $2,575,000.00. Of this amount, $2,175,000.00 is found within this ordinance and establishes HOME -ARP funding for the Berwyn East Place. A subsequent ordinance will be put forth to City Council in an amount up to $400,000.00 for the remaining HOME-ARP funding to provide supportive services for residents at this location over the course of four years.
National Church Residences (NCR) is the developer of Berwyn East Place. The HOME-ARP funds placed into this project will go directly to the limited partnership, Berwyn East Place Senior Housing Limited Partnership.
Berwyn East Place will be an innovative new “triple blend” service enriched, supportive housing model whereby rental subsidy, care coordination, as well as health and wellness services will be offered to the low-income senior residents. This innovative supportive housing model will in part target older adults having experienced long-term homelessness with a concurrent disabling condition in the form of advanced geriatric conditions. The program is intended to provide housing stability while also empowering residents to better manage chronic conditions, lessen reliance upon and divert usage of emergency medical services and institutional care, and even avoid premature death. Berwyn East Place will contain a total of eighty-eight (88) units. Of those eighty-eight units (88), the City’s contribution to this project will fund eleven (11) units. The units will be re...
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