NEW SENIOR HOUSING DEVELOPMENT IN TOPEKA, KS AWARDED AFFORDABLE HOUSING TAX CREDITS & HOME FUNDS
Topeka, KS: Southern Hills Senior Homes, a new 24-unit affordable senior (55+) housing development has been awarded $625,000 in Federal Housing Tax Credits from the Kansas Housing Resources Corporation (KHRC), and $1.5 million in HOME Investment Partnerships Funds (HOME) from KHRC. Cornerstone of Topeka is the General Partner, and Excel Development Group is the developer on the project. The New Beginning Baptist Church is selling the land for the project. Topeka Senior Living will be located at SE Adams St and SE 37th St in Topeka, Kansas. The total project cost is estimated to be $7,255,468. Construction is estimated to start in early summer of 2023.
“Cornerstone of Topeka is excited to be part of the largest housing development in our history. Affordable housing, especially for seniors is in high demand, and we are happy to continue our work to address that challenge”. – Chris Palmer, Cornerstone of Topeka, Executive Director
Southern Hills Senior Homes will be made up of 12 duplexes (2 bedrooms and 1 bathroom) and a community building. All units will be one-level with 1,034 Sq. Ft. of living space, 292 Sq. Ft. of garage space, 53 Sq. Ft. of storage space, for a total of 1,379 Sq. Ft. Additional amenities include a backyard patio, range oven, microwave, dishwasher, refrigerator, washer and dryer. The units will be all-electric energy-efficient units. At least one unit will be fully accessible and one a sensory unit.
“We look forward to bringing another affordable housing development to Topeka, KS so Topeka residents can have more quality affordable housing options”. – Brent Williams, Excel Development Group, President
Unit Make-up and Area Median Income (AMI) Served
- 19 units will be for people making at or below 60% AMI, $650 a month (water, sewer, and trash included)
- 1 unit will be for people making at or below 40% AMI, $525 a month (water, sewer, and trash included)
- 4 units will be for people making at or below 30% AMI, $400 a month (water, sewer, and trash included)
“To help bring affordable, quality housing to our seniors is truly a blessing from God! A place where our seniors can be safe and independent; this will be a catalyst for helping our community grow and prosper. We pray and look forward to being available for this new community of seniors”. – Pastor Cecil Washington Jr, The New Beginning Baptist Church, Senior Pastor
About Excel Development Group: Excel Development Group is a development, property management and consulting firm specializing in affordable housing for over 33 years. Excel Development Group has completed over 2,500 low- to moderate-income, and market-rate units totaling over $300 million in development throughout the Midwest. Excel Development Group creates partnerships with not-for-profit and for-profit housing organizations, community organizations and city, county, and state agencies to produce high-quality affordable housing.
About Cornerstone of Topeka: Cornerstone of Topeka, Inc. is a non-profit affordable housing provider and developer dedicated to providing safe, decent, and affordable housing of choice to low to moderate income households and revitalizing neighborhoods in the Topeka community. Established in 1986, Cornerstone now has 191 Housing units in Topeka with 24 of those dedicated to families experiencing homelessness.