Groundbreaking Scheduled for New Albany Affordable Assisted Living Facility

NEW ALBANY, IN — AHEPA Affordable Housing Management Company, Inc. has announced that a groundbreaking ceremony will take place on Wednesday, November 16, for Hellenic Senior Living of New Albany, its new Affordable Assisted Living Facility to be constructed at 2632 Grant Line Road, New Albany, IN, 47150.

The event will include dignitaries from developer AHEPA Affordable Housing Management Company, owner Hellenic Senior Living of New Albany, LLC, Affordable Housing Partners, Inc. which provided the tax credit equity, Deutsche Bank, the Indiana Housing & Community Development Authority, Gardant Management Solutions which will provide property management for the community, Shiel Sexton, the general contractor, and Berardi + Partners, the architect.

The event begins at the property at 1pm with presentations, followed by the groundbreaking and refreshments.

Hellenic Senior Living of New Albany will be designed to serve low income older adults who need some help to maintain their independence.  Prospective Hellenic_Senior_Living_of_New_Albanyresidents must meet income requirements and be at least 62 years of age. Hellenic Senior Living of New Albany will be three stories and offer a mix of 125 private, one-bedroom and efficiency apartments. The community is expected to be completed by the end of 2017.

Individuals who would like their names added to the Interest List to receive more information about this community as soon as it is available may call Gardant toll-free at 1-877-882-1495.

AHEPA Affordable Housing Management Company, Inc. is a wholly owned subsidiary of the AHEPA National Housing Corporation. For additional information, contact AHEPA Affordable Housing Management Company at

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Released Nov. 9, 2016

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