LITITZ — Nonprofit affordable housing developer Community Basics held a grand opening last week for its Saxony Ridge Apartments.
Located on West 6th Street in Lititz on Moravian Manor Communities’ Warwick Woodlands campus, the four-story complex offers 44 one-bedroom units and 18 two-bedroom units for seniors aged 62 and older.
They are open to households with incomes of 20% to 60% of area median income. For a two-person household, using 2022 guidance, that works out to $14,440 (20%) to $43,320 (60%).
Eight apartments include assistive features for individuals with impaired mobility, including grab bars and controls mounted lower on walls. Two units are tailored for individuals with hearing and vision impairments and 10 units are reserved for seniors who are homeless or at risk of homelessness.
Amenities include a community room, fitness center, game room and bocce ball court. Moravian Manor Communities will provide supportive services to residents who need them.
Site work for the project began in late summer 2021. Even before then, project costs had increased by more than $1.8 million to more than $11 million, Community Basics Executive Director Lisa Greener said, an
Funding sources included $1.2 million in state Low Income Housing Tax Credits, federal HOME funding from the Lancaster County Redevelopment Authority and grants from the state and United Disabilities Services.
Community Basics also used a construction bridge loan, Greener noted. Hikes in the federal prime rate have added more than $300,000 in additional interest; the organization is working to secure a funding source to cover that overage, she said.