AHEPA Management Receives HUD Financing for Two Affordable Developments in Midwest

DES MOINES, Iowa, and SOUTH BEND, Ind. — AHEPA Affordable Housing Management Co. (AMC) has received two HUD Section 202 Supportive Housing for the Elderly program grant awards totaling $16.7 million to support the development of two new affordable seniors housing communities.

The award for the 100-unit Des Moines project is $8.9 million. The award for the 80-unit South Bend project is $7.8 million.

“The need for affordable housing, especially for very low-income seniors, is great,” says Steve Beck, AMC’s president and CEO. “Each of our existing affordable elderly housing communities in Des Moines and South Bend have significant wait lists.”