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Retirement Housing Foundation Awarded $40.6 Million by Department of Housing and Urban Development

By Chris Ragon, Director of Communication, Retirement Housing Foundation

     RHF (Retirement Housing Foundation) has been awarded $40.6 million by the Department of Housing and Urban Development (HUD) to build and operate four communities for low/fixed income seniors.  The HUD 202 grants are for two communities in Los Angeles, California (158 units); one community in Houston, Texas (61 units); and one community in San Antonio, Texas (49 units).

     RHF received more 2011 HUD 202 grants than any other nonprofit in the nation.

     More than $36 million of these monies are for the planning and construction phases of building these four communities while the remaining $3.8 million are for subsidies (over a three year period) to operate the buildings once they have been built.

 

 

IN LOS ANGELES

 More than $25.2 million was awarded to build communities in Los Angeles.  These two apartment buildings will be located at 50th and Main and on Whittier Avenue. 

     All of the apartments will have one bedroom, a fully-equipped kitchen, a bathroom and dining/living room areas. They will also have common areas that include a community room with kitchen, and library/craft room/fitness areas.

More than $2.7 was awarded to provide rent subsidies to operate the building for the first three years of operation.  A condition of the award is RHF’s commitment to guarantee that the building will be affordable for low income/fixed income seniors for a minimum of 40 years.

RETIREMENT HOUSING FOUNDATION 

    In 1961, two clergymen with the United Church of Christ and a layperson, founded Retirement Housing Foundation (RHF).  With $7,000 and a vision that every older adult was entitled to safe, decent and affordable housing, they set out to build an organization that now operates 165 communities in 25 states, the District of Columbia, Puerto Rico and the U. S. Virgin Islands. More than 17,000 people call an RHF community “home”.

     RHF’s national headquarters is located in Long Beach, California.  With a staff of more than 2600 throughout the country, RHF not only builds and operates affordable communities, but they also operate multi-level retirement communities that offer residential, assisted living, memory care and skilled nursing services.

     Learn more about Retirement Housing Foundation here  < link the word here to: http://rhf.org >

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