CDFI/Stories/Commercial Real Estate/AHP Assisted Living – Yorktown, IN

AHP Assisted Living – Yorktown, IN

$4.4MM for the Acquisition and Rehabilitation of Affordable Assisted Living Facility and Memory Care for Senior Citizens
$4.4MM for the Acquisition and Rehabilitation of Affordable Assisted Living Facility and Memory Care for Senior Citizens
$4.4MM for the Acquisition and Rehabilitation of Affordable Assisted Living Facility and Memory Care for Senior Citizens

Clearinghouse CDFI (CCDFI) is working with Paul Ezekiel Turner to continue bringing affordable assisted living to Indiana’s low-income communities. With a $4,432,000 loan provided by CCDFI, Mr. Turner will convert a vacant property to an assisted living and memory care facility.

The high demand for affordable assisted living and memory care in Indiana far surpasses the current availability. Mr. Turner aims to increase that availability in Yorktown – a city identified as a “significantly undersupplied market” in a recent market study. CCDFI’s loan allows Mr. Turner to purchase a property previously operated as an independent senior living facility and transform it into 48 units of affordable assisted living and memory care. The completed facility will offer transportation services, beauty/barber services, a library, courtyards, walking paths, and more.

Paul Ezekiel Turner has spent over 20 years focusing on transforming lives for the better. In 2021, he founded Generous Heart Community Development, Inc. to own and develop assisted living projects. The new Yorktown facility will be managed by Priority Life Care, an established operator of rural assisted living.

Read the full story here: Just Funded – AHP Yorktown

Related Articles and Insights

HI-Express-Main-Image-Web

Holiday Inn Express & Suites Bethlehem | Hotel Acquisition Financing

Clearinghouse CDFI provided $8,037,500 in financing to Danbury Real Estate LLC to support…
Read Full Article
LifeROOTS-Inc-Main1

LifeROOTS, Inc. | $2 Million Loan Supporting Employment for Individuals with Developmental Disabilities

Clearinghouse CDFI provided a $2 million loan to LifeROOTS, Inc., supporting…
Read Full Article
Pinewood-Crossings-Main2

Pinewood Crossings | Acquisition Financing Supports Stabilized Retail Center

Clearinghouse CDFI provided $3,138,000 in acquisition financing for Pinewood Crossings, a…
Read Full Article
SSG-APCTC-1

Special Service for Groups – APCTC Center | Mental Health Center Financing

CCDFI provided $1.4 million to finance a community mental health facility, sustaining…
Read Full Article
HotelMarkTwain-SSG-1

Special Service for Groups – Mark Twain Hotel | Housing and Mental Health Support

CCDFI provided $10.1 million to sustain housing and mental health support at a 62-unit…
Read Full Article
Windsong-at-Southridge-web1

WindSong at Southridge – Kennewick, WA

CCDFI provided a $10.42 million loan for WindSong at Southridge Memory Care, a…
Read Full Article