HUD Sec. 202 Project Underway on Westside

A 43-unit affordable senior housing project is under construction at 2220 N Silverbell Road on the Westside of Tucson. The owner, Silverwood Casitas, is a 501(c)3 Arizona non-profit corporation (John Glaze, President) on 5.9 acres at the southwest corner of Silverbell and Grant Roads.

The project is Section 202 HUD Supportive Housing for the Elderly Program.

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HUD provides capital advances to finance the construction of structures that will serve as supportive housing for very low-income elderly persons, including the frail elderly, and provides rent subsidies for the projects to help make them affordable.

HUD provides interest-free capital advances to private, nonprofit sponsors to finance the development of supportive housing for the elderly. The capital advance does not have to be repaid as long as the project serves very low-income elderly persons for 40 years.

The Section 202 program helps expand the supply of affordable housing with supportive services for the elderly. It provides very low-income elderly with options that allow them to live independently but in an environment that provides support activities such as cleaning, cooking, transportation, etc.

Project rental assistance funds are provided to cover the difference between the HUD-approved operating cost for the project and the tenants’ contribution towards rent. Project rental assistance contracts are approved initially for 3 years and are renewable based on the availability of funds.

The general contractor, Tofel Construction of Tucson, is responsible for delivery of the project at a $4.2 million construction cost. Poster Frost Mirto of Tucson is the architect. March 2014 is the anticipated delivery date.

Glaze can be reached at (520) 318-0993. Tofel can be contacted at (520) 571-0505. The Architects, Poster Frost Mirto are at (520) 882-6310.

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[ismember]On 3/27/2013, Family Housing Resources, Inc (John Glaser) transferred the 5.9 acres of vacant land to Silverwood Casitas (John Glazer) for a declared value per affidavit of value of $545,000 in a non-arms length transaction. West Submarket. [/ismember]