Senior Housing Development

Our society faces a formidable challenge: as Americans live to an older age in unprecedented numbers, we must find a way to provide a sufficient continuum of quality housing and services to meet consumer preferences and needs. An even greater challenge is providing consumers choice and options in housing and services within their repective budget limitations.

For organizations interested in developing Senior Housing, TDCG will:

• Offer project development/ project management services
• Assemble and manage a project team
• Exhibit creativity in identifying and obtaining local, state and federal funds
• Identify effective fund raising techniques

The challenge to maintain and grow market share has lead many industry leaders to pursue an expanded or new vision for their organization. TDCG will help you refine your vision into focused, clear-cut objectives, stated in precise and concise language. After the vision and goal are articulated, a plan will be developed that includes the identification of potential stakeholders, targeting those who will benefit or will be affected by the project.

Experience has shown that executing an ambitious plan, whether funding a new building or bringing a new service to the marketplace requires an extraordinary amount of brainstorming, strategic planning, persistence, personal and political savvy, common sense and know how.

TDCG brings these qualities to your table. We can take a project from the glimmer of an idea to absolute completion or simply focus on one aspect of the project and still participate effectively.

During Pam DeLissio's 15 years as President/CEO of Kearsley, a multi-level non-profit retirement community, a major expansion project was completed. Creative funding was a key component to the success of this 15 million dollar project. Funding sources included:

• Securing a City of Philadelphia Community Development Block Grant for $1.5 million
• Raising approximately $3.6 million in equity from a corporate investor, using Federal Low Income Housing Tax Credits
• Issuing a $4.25 million tax-exempt bond
• Securing a $1 million subordinate loan from a city economic development agency
• Receiving $1 million from the Pennsylvania Housing Finance Agency's HOMES program
• Raising $3.8 million from Kearsley's first-ever capital campaign.

In several instances, this was the first time such funding had been used for this purpose. In three cases, these amounts represented threshold-funding allocations.