Construction of Penelope 60 Apartments, a three-story, 50-unit affordable apartment building for low-income seniors is under way in Mishawaka, Ind. Scheduled for completion in September 2012, the property will house residents age 62 or older and the disabled upon income qualification.
AHEPA National Housing Corp. (ANHC) of Fishers, Ind. and the Department of Housing and Urban Development are co-developers of the project. Owner-corporation AHEPA/Daughters of Penelope 60 Inc. is co-sponsoring the project.
Penelope 60 Apartments will be managed by AHEPA Management Co. A non-profit 501(c)3 organization, AHEPA Management supports 86 apartment buildings throughout the United States.
ANHC develops HUD-subsidized Section 202 housing for low-income, disabled people and the elderly age 62 and up. Established in 1983, ANHC serves more than 4,700 senior citizens throughout 21 states with apartments and expanding amenities.