Presbyterian Homes & Services Receives Grant Funding for Deerfield Expansion Project in New Richmond, Wisconsin

NEW RICHMOND, Wis. — Presbyterian Homes & Services (PHS) has received $2.5 million in private grant funds for the expansion of The Deerfield, a senior living community in New Richmond, approximately 40 miles east of downtown Minneapolis.

One hundred percent of the campus’ 24 new independent living apartments — scheduled to open in summer 2023 — were reserved within weeks of the start of marketing, according to the company. The apartments target low- and middle-income residents.

“Clearly there is great demand for modest priced housing in the market,” says Jon Fletcher, senior vice president, Senior Housing Partners, the development arm of PHS. “We are pleased to work with public and private financial partners to efficiently deliver housing that meets the needs of residents.”