Nevada HAND breaks ground on Pacific Pines 4 in Henderson
The city of Henderson along with Nevada HAND broke ground on a new senior facility.
April 13, 2011 - 9:37 pm
In order to address the increasing need of finding affordable housing for low-income seniors, the city of Henderson, in partnership with Nevada Housing and Neighborhood Development, is in the process of building the Pacific Pines 4 Senior Apartments.
“Pacific Pines 4 represents an important part of Henderson’s downtown redevelopment,” said Mayor Andy Hafen.
From the rubble of the former Henderson Senior Center at 27 E. Texas Ave., the city of Henderson broke ground on the 1.2-acre facility Feb. 22.
“We think it should be completed by early January of next year,” said Kim Becker, communications and marketing supervisor with the city of Henderson Parks and Recreation department.
The facility is one of three that are slated to open next year across the valley.
According to Becker, the city owns the land where the project is being built and is leasing it to Nevada HAND, a nonprofit with the mission of providing affordable housing solutions.
The organization owns and operates more than 2,600 apartments in 27 communities and provides third-party property management services to 377 affordable senior rental apartments in four communities.
“There is always a concern because there is always a demand,” Becker said.
The building can provide 62 new one- and two-bedroom apartments.
According to Jacque Haas, real estate development coordinator with Nevada HAND, a one-bedroom apartment should cost approximately $493 and a two-bedroom $591.
Because Nevada HAND is a Housing and Urban Development-certified community housing development organization, it can qualify for funding under the Nevada Low-Income Housing Tax Credit Program.
Haas said Nevada HAND received a 2010 tax credit for about $1 million.
“The 2010 allocation of the low-income tax credit roughly covers 80 or 90 percent of the total development cost,” Haas said.
Once the building is completed, Nevada HAND is slated to lease a portion of the complex back to the city so the parks and recreation department can implement a senior adult recreation program. Becker said the recreation area won’t be as extensive as the Heritage Senior Center. However, it should offer similar amenities for seniors, making it more convenient to stay active.
Becker said when the project is closer to being finished, the city can take a closer look to see which programs to put at the facility.
To be placed on the waiting list for the facility, call 565-8165.
Contact Henderson and Anthem View reporter Michael Lyle at email@example.com or 387-5201.