The Ahepan Fall 2023 - 30

HOUSING
ASL Breaks Ground on Fifth Iowa Community
ASL held a groundbreaking ceremony
for AHEPA 192 IV Apartments in Des
Moines, Iowa, Aug. 18, 2023.
The speaking program featured
City Councilman Joe Gatto, Steve
Eggleston, HUD Des Moines Field
Office director; ASL Chairman of the
Board Ike Gulas, and AHEPA 192
IV, Inc., Board President James L.
Karthan, and AHEPA and Daughters
of Penelope local chapter officers.
ASL President and CEO Steve Beck
moderated the program, which also
featured a ceremonial first shovel
dig. Father Basil Hickman of Saint
George Greek Orthodox Church
performed
the
ground
blessing.
Attendees included representatives
from the offices of U.S. Senators
Charles Grassley (R-IA) and Joni Ernst
(R-IA), and U.S. Rep. Zach Nunn (R-IA).
Several ASL Executive Board officers
and members also attended. The event
earned coverage from the Des Moines
Register, McKnights Senior Living,
The Business Record, Senior Housing
News, and The National Herald.
AHEPA 192 IV will be a three-story,
90-unit affordable senior housing community
located on 4.4 acres of the old
Southridge Mall site. It will be the fifth
Des Moines-area affordable senior housing
community managed by ASL and
administered by the U.S. Department
of Housing and Urban Development
Section 202 program.
According to Beck, AHEPA 192
Phase IV is the first HUD 202 community
ASL is constructing since HUD
began funding capital advances for new
202s in earnest a few years ago.
AHEPA 192 IV is a $22 million
project. Its financing is comprised of a
$8.9 million HUD Section 202 capital
advance, a $6 million low-income housing
tax credit allocation, a $1.25 million
Polk County Housing Trust Fund award,
and a HUD 223(f) mortgage loan.
" The need for affordable housing,
especially for very low-income
seniors, is great, and in the Des
Moines area, each of our four existing
communities has a waitlist, " Beck
said. " We are excited and proud to
be able to help seniors in need of
safe and dignified housing with 90
new units thanks to our financing
partners and the support we have
received from the City of Des Moines,
Polk County Housing Trust Fund, and
HUD, and special thanks to our development
team. "
ASL Chairman Gulas.
Gulas presents AHEPA 192 IV President Jim Karthan and
Penelope 38, Inc. President Christy Karthan with a special
recognition.
ASL also manages AHEPA 192 Phase
I Apartments in Johnston; AHEPA 192
Phases II and III Apartments, and
Penelope 38 Apartments, in Ankeny.
These four communities total 196 units.
ASL Board Executive Committee Officers with HUD Des Moines Field Director Eggleston and Des Moines City Councilman Gatto.
30 | THE AHEPAN ยท Fall 2023
www.ahepa.org
Photo Credits: Joe Crimmings Creative Media
https://www.desmoinesregister.com/story/money/business/development/2023/08/20/housing-project-for-seniors-breaks-ground-on-south-side/70623843007/ https://www.desmoinesregister.com/story/money/business/development/2023/08/20/housing-project-for-seniors-breaks-ground-on-south-side/70623843007/ https://www.mcknightsseniorliving.com/home/news/business-daily-news/actions-transactions-aug-22-2/ https://www.businessrecord.com/construction-beginning-on-90-unit-affordable-housing-project/ https://seniorhousingnews.com/2023/08/24/in-the-pipeline-arrow-senior-living-opens-35th-community-55m-expansion-on-tap-for-emerald-heights-in-washington/ https://seniorhousingnews.com/2023/08/24/in-the-pipeline-arrow-senior-living-opens-35th-community-55m-expansion-on-tap-for-emerald-heights-in-washington/ https://www.thenationalherald.com/ahepa-led-iowa-affordable-housing-senior-complex-breaks-ground/ https://ahepaseniorliving.org/location/ahepa-192-senior-apartments/ https://ahepaseniorliving.org/location/ahepa-192-senior-apartments/ https://ahepaseniorliving.org/location/ahepa-192-ii-senior-apartments/ https://ahepaseniorliving.org/location/ahepa-192-iii-senior-apartments/ https://ahepaseniorliving.org/location/penelope-38-senior-apartments/ http://www.ahepa.org

The Ahepan Fall 2023

Table of Contents for the Digital Edition of The Ahepan Fall 2023

The Ahepan Fall 2023 - Intro
The Ahepan Fall 2023 - 1
The Ahepan Fall 2023 - 2
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