Praxis Consulting Group is currently providing development finance services to Accessible Space, Inc., a nationally recognized developer of affordable, service-enriched housing for people with physical disabilities, including the frail elderly. Coronado Drive Senior Apartments will entail the new construction of 60 accessible, and adaptable apartments, serving low-income and frail elderly residents. Twenty percent of the units at Coronado Drive will be set aside for very low-income seniors with physical disabilities.
The proposed development financing will include ARRA Section 1602 Tax Credit Exchange Program funds, HOME funds from both the City of Henderson and the Clark County HOME Consortium, 30 Project-Based Housing Choice Vouchers from the Clark County Housing Authority, and Federal Home Loan Bank of San Francisco Affordable Housing Program funds. Construction began in April 2010.
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