Arrowhead Gardens: Grand opening for new WSB sponsor

One of our newest sponsors is Arrowhead Gardens, the senior-living community that’s celebrating its grand opening in West Seattle this weekend; here’s a map to its location, and here’s the official announcement:

The Senior Housing Assistance Group (SHAG) is pleased to announce the opening of Arrowhead Gardens, its newest affordable senior living community. Residents have been able to take occupancy of the first of three (3) residential buildings about two weeks ahead of the originally scheduled opening date.

Arrowhead Gardens will be hosting its official Grand Opening event over the upcoming weekend of September 18-20, 2009. The festivities will begin at 10:30 am on Friday, September 18th, with a special Grand Opening ceremony by invitation only. The general public is invited to a Grand Opening celebration on both Saturday, September 19th and Sunday, September 20th, with food, refreshments and live music. Prospective senior residents and their families can tour the community during the Grand Opening event weekend, or at anytime by appointment. Visit Arrowhead Gardens today, where the lifestyle is rich and the rents are affordable. And don’t miss the Grand Opening event! See what all the fuss is about.

Located in the Highland Park neighborhood of West Seattle, Arrowhead Gardens is the latest of 27 affordable senior living communities operated by SHAG, the largest senior housing provider in the Puget Sound region. Certain age and income restrictions apply. Arrowhead Gardens provides affordable independent living opportunities designed specifically for active seniors, age 61 years or older, or disabled seniors, age 55 or older.

Arrowhead Gardens will contain an aggregate of 449 dwelling units in three (3) unique and architecturally distinctive residential apartment buildings situated on a lushly landscaped four (4) acre campus and configured in a village-like setting around a fourth building, the Village Center, a community building which contains leasing and management offices and most of the community’s special amenities and facilities. All buildings are access-controlled, elevator-serviced and fully sprinklered. Secure underground parking is also available. In addition to the affordable rents and the large selection of one- and two-bedroom apartment homes to choose from, it’s the beautifully landscaped gardens and courtyards, soothing water features and a wealth of other amazing amenities and facilities that have most new and prospective residents excited. ³We¹ve heard from seniors who have visited and toured Arrowhead Gardens that have said it has a ‘resort’ feel to it,” said Bill Fenner, SHAG¹s Executive Director.

Lots more information about the grand opening, and Arrowhead Gardens, can be found here.

S September 18, 2009 (2:48 pm)

Note that Arrowhead Gardens is a private company which will be the beneficiary of ‘income restriction’ tax credits.
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I wish my disabled relative was 55 or older, so that she would have a chance of living there. Also, a prospective resident may only have a chance of moving into this housing facility if s/he has a Section 8 voucher or can come up with the rent money (ie. perhaps via a notorized gifting aftadavit from a friend or relative).
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Sadly, when I spoke with one of the leasing specialists there today, it was clear that person was working for a for-profit company.

Houser September 18, 2009 (9:37 pm)

The Low Income Housing Tax Credit is awarded to the property, not the owner. That credit is sold to syndicators of tax credits to raise equity for the property. The more equity, the less mortgage is needed and therefore the rents can be lower. The rents are income restricted and there are federal laws that require each property to only rent to individuals that are making a maximum of 60% of the Area Median Gross Income or less and some target much lower income individuals. I appreciate what the Senior Housing Assistance Group (SHAG) has done for all of the 27 communities that they have built properties in. They develope clean and safe environments for families and seniors.

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