Press Release
CareSource Funds Senior Affordable Apartments in Scioto County
March 16th, 2021 | 2 min read
Portsmouth Senior Lofts to be developed with St. Mary Development Corporation and Community Action Organization of Scioto County.
(DAYTON, OH – March 16, 2021) – CareSource, a nationally recognized nonprofit health plan, announced the financial support of senior affordable apartment community in Portsmouth, Ohio in partnership with St. Mary Development Corporation, Community Action Organization of Scioto County, Ohio Housing Finance Agency, Ohio Capital Corporation for Housing, Huntington Bank, the Federal Home Loan Bank, Russell Construction, MVAH Management and BDCL Architects. Named Portsmouth Senior Lofts, the construction is expected to be completed in the summer of 2022.
“Safe and affordable housing is a critical social determinant of health, particularly for one of Ohio’s most vulnerable populations,” said Steve Ringel, CareSource Ohio Market President. “CareSource is proud to join experienced partners supporting opportunities to improve senior citizens’ health and wellness.”
St. Mary Development has a long history creating affordable apartment communities with service coordination to combat negative social determinants of health and allow seniors to live independently for as long as possible.
"Safe, decent housing is a key factor in a person's physical and mental health," said Tim Bete, President of St. Mary Development. "CareSource is a great partner and we're thrilled they are playing a larger role in the creation of new affordable housing."
