The Crown Group Inc., Evergreen Realty Services and Pathway Senior Living will break ground on Thursday for Oak Hill, a 94-unit licensed supportive living community in Round Lake Beach, Ill.
The community, slated to open in December 2012, will offer older adults deluxe accommodations in private studio and one-bedroom apartments, along with access to a community dining room and fitness center, a greenhouse, walking paths, and a garden.
Additionally, residents will receive a variety of supportive services that include three daily meals, weekly housekeeping, scheduled transportation, medication management, and light nursing assistance. Some residents may be eligible for financial aid through Illinois’ Medicaid program.
Oak Hill will be operated by an affiliate of Des Plaines-based Pathway Senior Living, which runs 10 other supportive living residents in the Illinois.
The $20 million project was funded largely through Low Income Housing Tax Credits awarded by the Illinois Housing Development Authority, investor proceeds from Hunt Capital Group, and a first mortgage loan through the Federal Housing Administration insurance program, brokered by Draper & Kramer, Inc.
Written by Alyssa Gerace