Posted on October 24, 2023
METHUEN --- At a groundbreaking for YWCA Residences at Ingalls Court on September 15, city leaders, representatives of social service agencies and financial supporters spoke of the importance of the affordable housing development and the type of services it will provide.
The facility at 14 Ingalls Court will feature 48 one-bedroom apartments at 100 percent affordable senior housing, affordable at 60 percent of the area median income (AMI), for households age 62 and up who are eligible for a nursing home level of care.
The development is sponsored by the YWCA Greater Newburyport. Comprehensive medical care will be provided by home health services organization Element Care PACE, which will be located on the first floor. Residents will also have access to Nevins Nursing Home and Rehabilitation Centre next door.
“This project is a rare example of three separate agencies with separate missions working together to allow seniors to age in place with dignity and support and helps begin to address one of the issues of our most vulnerable population,” said Methuen Mayor Neil Perry.
“We’re excited to be establishing senior housing that comes with social opportunities and easy healthcare access.,” said YWCA Greater Newburyport Executive Director John Feehan. “This is one-stop-shopping for residents and their families.”
The development is the first phase of a project that will ultimately include 96 units of housing. MHP is providing $2.1 million in permanent financing.
“When underwriting this loan, I learned that there are over 4,600 senior households who are income qualified to live here,” said MHP Senior Loan Officer Amanda Roe. “That number up against the dearth of available affordable opportunities confirmed how very strong the need and demand for this housing is in this area.”
For more information contact MHP Communications Manager Lisa Braxton at lbraxton@mhp.net or at (857) 301-1526.