Saco VOA Elderly Housing

A two story structure housing  with thirty-six apartments was recently completed in Saco, Maine with a HUD Section 202 Capital Advance of  $2.5 million and an additional grant of $250,000 from  Federal Home Loan Bank of Boston. 

Fernwood Apartments

The historic Mediterranean Revival style building is a three story, eighteen unit concrete structure.  The design concept for the  housing provides a modest environment which specifically addresses the particular needs  of 18 persons disabled as a result of HIV/AIDS and encourages the integration of the project residents into the surrounding neighborhood.  A HUD Section 811 Capital Advance of $1.4 million will be combined with more than a million dollars from secondary financing sources to develope this project.  The project isscheduled for occupancy  in Fall 2001.

Arbors at Amherst

A seventy-eight unit Assisted Living Residential Community set on 12 acres in Amherst, Massachusetts.  The project's mixture of studio, single and two-bedroom apartments was designed to allow maximum independence while providing individual assistance as the residents age in  a community setting.

Gagnier, Hicks Associates worked with the private developer  to secure
financing through HUD's Section 232 Mortgage Insurance Program. 

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