# Presentation: 668315

## NEVILLE PLACE AT FRESH POND

**NEVILLE PLACE AT FRESH POND**

**Neville Place**
**650 Concord Avenue**
**Cambridge, MA 02138**

_**Partners**_**:**
** ****Cambridge Housing Authority (CHA)**
** ****Neville Community Partners**
** ****Massachusetts Group Adult Foster Care and PACE**
**   ****programs **

**71 Mixed-income**
**Assisted Living Units**

## NEVILLE PLACE AT FRESH POND

**NEVILLE PLACE AT FRESH POND**

** ****In 1996, Cambridge HA was seeking ways to assist its increasing frail elderly population**
** ****At the same time, the City released an RFP to redevelop  a city-owned nursing home**
** ****CHA proposed to redevelop the property into mixed-income Assisted Living facility **
** ****Awarded contract in 1997**
** ****Opened facility in 2001**

**BACKGROUND**

**CAMBRIDGE, MA **

##  Licensed Assisted Living facility 

** ****Licensed Assisted Living facility **
** ****57 low-income units and 14 market rate units**
** ****Services for low-income units paid for by the State’s Medicaid Waiver programs**
** ****Services offered: daily meals, 24 hour on-site personal care and assistance with ADLs**
** ****Extensive amenities: walking paths, common spaces, outside patio/dining area and beauty parlor **

**DESIGN**

**CAMBRIDGE, MA **

**NEVILLE PLACE AT FRESH POND**

## DESIGN (Continued)

**DESIGN ****(Continued)**

**CAMBRIDGE, MA **

| UNIT TYPES |  |
| --- | --- |
| 0 BR | 34 |
| 1 BR | 24 |
| ALZHEIMER’S | 13 |
| Total: | 71 |

| UNIT MIX |  |
| --- | --- |
| Low Income (up to 60% median) | 39 |
| Moderate Income (up to 80% median) | 18 |
| Market Rate | 14 |
| Total: | 71 |

| LOW INCOME UNITS |  |
| --- | --- |
| Tax Credits & Project-based S8 | 30 |
| Tax Credit only |  9 |
| Total: | 39 |

**NEVILLE PLACE AT FRESH POND**

##  Medicaid and Section 8 assistance averages $2,000 per unit

** ****Medicaid and Section 8 assistance averages $2,000 per unit**
** ****Low income residents with Medicaid pay approximately $200 - $300 in rent**
** ****Low income residents without Medicaid pay approximately $1,200 - $1,300 in rent**

**CAMBRIDGE, MA **

| UNIT TYPE  | EFFICIENCY | ONE BEDROOM |
| --- | --- | --- |
| Low/Mod Income Units | $2,220 | $2,325 |
| Market Rate Units | $2,700 | $3,200 |

**DESIGN ****(Continued)**

**NEVILLE PLACE AT FRESH POND**

##  In 1996,Cambridge Public Health Commission issued RFP to redevelop city-owned nursing home

** ****In 1996,Cambridge Public Health Commission issued RFP to redevelop city-owned nursing home**
** ****CHA assembled a development team and responded to RFP**
** ****Upon bid award (1997) CHA solicited for financing: tax credits and other types of affordable housing financing**
** ****Service provider obtained Medicaid waiver subsidy **
** ****Began construction in 2000 and applied for ALF license **
** ****Construction and licensing process complete in 2001**

**PROCESS**

**CAMBRIDGE, MA **

**NEVILLE PLACE AT FRESH POND**

## PROCESS  (Continued)

**PROCESS  ****(Continued)**

**CAMBRIDGE, MA **

| SOURCE | TYPE | AMOUNT |  |
| --- | --- | --- | --- |
| LISC National Equity Fund | Tax Credit Equity | $6,280,000 | 49% |
| East Cambridge Savings Bank | Construction Loan | $3,345,000 | 26% |
| LISC | Predevelopment Loan | $750,000 | 6% |
| City of Cambridge | Forgivable Loan | $675,000 | 5% |
| Cambridge Health Alliance | Forgivable Loan | $547,000 | 4% |
| MA Department of Housing &
Community Development | Forgivable Loan | $500,000 | 4% |
| Community Economic Development Assistance Corporation | Forgivable Loan | $500,000 | 4% |
| Federal Home Loan Bank | Grant | $250,000 | 2% |
| Total: |  | $12,847,000 |  |

**NEVILLE PLACE AT FRESH POND**

## PROCESS  (Continued)

**PROCESS  ****(Continued)**

**CAMBRIDGE, MA **

| DEVELOPMENT COSTS |  |
| --- | --- |
| Hard Costs | $8,116,152 |
| Soft Costs | $4,058,076 |
| Other Costs | $122,972 |
| Total Development Costs: | $12,297,200 |

**$173,200**
** ****per unit**

**NEVILLE PLACE AT FRESH POND**

## MANAGEMENT / MARKETING

**MANAGEMENT / MARKETING**

_**Staffing and Management**_**: **
** ****Managed by Senior Living Residences, an experienced Assisted Living service provider **
** ****The facility has a director, social worker, activities director, 24-hour caregiver staff, part-time nurse, receptionist/office staff, maintenance staff and subcontracts with a food service provider **
** ****CHA oversees the Manager/Service Provider with one  FTE position responsible for Neville Place and other development ventures**

**CAMBRIDGE, MA **

**NEVILLE PLACE AT FRESH POND**

## Marketing: 

_**Marketing**_**:**** **
** ****Location, Location, Location**
** ****Referrals from public housing managers and service**
**   ****coordinators**

**CAMBRIDGE, MA **

**MANAGEMENT / MARKETING  ****(Continued)**

**NEVILLE PLACE AT FRESH POND**

##  All public housing authorities are challenged to provide a continuum of care to low income persons

** ****All public housing authorities are challenged to provide a continuum of care to low income persons**
** ****Income threshold for Medicaid disqualifies many low-income households who cannot afford the facility without a service subsidy**
** ****Affordable Assisted Living development is complicated and ongoing monitoring is substantial**
** ****Partnering with an experienced service provider is a must**

**CHALLENGES/FAILURES/LESSONS LEARNED**

**CAMBRIDGE, MA **

**NEVILLE PLACE AT FRESH POND**

##  Ability to provide affordable Assisted Living in a mixed-income setting.

** ****Ability to provide affordable Assisted Living in a mixed-income setting.**
** ****MTW program enabled CHA to develop Neville Place through project based section 8 vouchers and fungibility of agency funds**** **

**ACCOMPLISHMENTS/SUCCESSES/HIGHLIGHTS**

**CAMBRIDGE, MA **

**NEVILLE PLACE AT FRESH POND**

##  Model for PHAs wishing to expand current housing stock or role as an affordable housing resource

** ****Model for PHAs wishing to expand current housing stock or role as an affordable housing resource**
** ****Layering project-based Section 8 with other capital subsidies enables the development of affordable ALFs.**
** ****Lessons learned from this model may be applied to other HUD initiatives and the conversion of public housing into affordable assisted living.   **

**SUMMATION**

**CAMBRIDGE, MA **

**NEVILLE PLACE AT FRESH POND**