UnitedHealthcare is investing $2.3 million in Riverbend Estates Senior Community, a new 42-unit affordable-housing development that will give local seniors access to quality housing and onsite support services. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161103006906/en/
Community leaders and development partners celebrate the start of construction for Riverbend Estates Senior Community, a new 42-unit affordable-housing development in Washington, Mo., that will give seniors access to quality housing and onsite support services. UnitedHealthcare is investing $2.3 million in the new community, part of $34 million the company has invested to help build 21 affordable-housing communities in the state. L to R: Tom Green, Missouri Housing Development Commission; State Rep. Justin Alferman; Washington Councilmember Joe Holtmeier; David Putnam and Scott Brekenkamp, First State Community Bank; Chuck Pierce, MOCAP Development; Washington Mayor Sandy Lucy; Washington Councilmember Steve Sullentrup; Monica Swoboda, Affordable Equity Partners; Kurt Heumann, UnitedHealthcare; and State Sen. Dave Schatz (Photo: Andrea Weber).The announcement was made at a groundbreaking ceremony where community leaders and development partners celebrated the start of construction. UnitedHealthcare is making the investment in partnership with Affordable Equity Partners (AEP) through the use of Low Income Housing Tax Credits (LIHTC), which were approved by the Missouri Housing Development Commission (MHDC). The property is being developed by MOCAP Development and will be managed by Fairway Management. Riverbend Estates is located approximately 45 miles southwest of St. Louis and will feature onsite management, a community room, fitness center and computer center, among other amenities. Nearby conveniences include transportation services, restaurants, banks, shopping and Mercy Regional Hospital. Within two miles of the property is historic Downtown Washington, which features local businesses and restaurants.