The completion of the structure of Green Oaks of Goshen, a senior living community in Goshen, Indiana, has been announced. Evergreen Real estate group, the main contractor of the project announced this milestone.
The project involved the construction of a 120-unit neighborhood with four storeys. The implementation of the project began in October. It included building enclosures and framework supports. The installation of mechanical, electrical, plumbing, and fire protection rough-ins will be followed by the installation of windows. Furthermore, it will involve façade treatments, such as stone veneer and fiber cement siding.
All of the apartments at Green Oaks Goshen will be designated for seniors aged 62 and over. Additionally, the apartments will cater to people with earnings at or below 80% of the area median income.
Also Read:Â Plans announced for the construction of Forest Edge in Indiana
Green Oaks apartment features and amenities
Each apartment at Green Oaks will have a full private bathroom with grab bars and a shower. The kitchens will also be fully decked out with electrical equipment. There will also be a communal room with a kitchen, a media and theatre room, a computer room, and a conference room.
Moreover, Green Oaks Goshen will feature a fitness center, a beauty salon, a library, a community garden, and an outdoor space with a pond. There will also be a courtyard and a pavilion. These are just a few of the on-site amenities at Green Oaks of Goshen.
In order to fund the project, the Indiana Housing and Community Development Authority approved 4% Low Income Housing Tax Credits. Additionally, debt financing was provided by the city of Goshen, which issued tax-exempt bonds that were marketed by PiperSandler. Low-Income Housing Tax Credit equity was contributed to the project by Affordable Housing Partners.
Evergreen is currently building two inexpensive assisted living communities in Indiana, the first of which is Green Oaks of Goshen. The second project is Green Oaks of Valparaiso, a three-story, 120-unit assisted living community for low-income seniors in Valparaiso.
