Washington, D.C. – February 9, 2016 – (RealEstateRama) — With closing of $11.3 million in project financing structured by HDC, QUAD Inc. has started construction of Station 162. HDC has been working with QUAD Inc. for more than two years to develop this innovative special-needs housing community in Gresham, and is now serving as owner’s rep on the 12-month construction project.
What’s special about Station 162? A few things…
Community-based housing. Station 162 will serve both adults with severe physical disabilities and seniors in a community setting.
Affordability to very-low-income residents. All of the project’s 44 apartment units will rent affordably to low-income residents, and more than half will serve people at the lowest income levels, 30% or less of area median.
Self-directed living. All eligible residents will be able to access QUAD Inc.’s unique round-the-clock personal care attendant services. The program provides help with things like medication, grooming and meal preparation, and enables residents to direct their own schedule and scope of care.
Quality, cost-efficient care. The services provided by QUAD Inc. and its partners will allow residents, many of whom are eligible for nursing-care levels of services, to prolong their independence. Station 162 will also reduce the burden upon public resources, such as Medicaid, that would be required to care for the same people in a nursing home.
Advanced accessibility. Apartments will be designed to higher standards of accessibility than those required by the American with Disabilities Act (ADA), and will incorporate durable materials and features that QUAD Inc. has learned, through 40 years of experience, work best for people with limited mobility. (Notable for a small nonprofit, QUAD Inc. raised $435,000 for accessibility upgrades from private foundations including the M.J. Murdock Charitable Trust, Meyer Memorial Trust, Collins Foundation and others.)