AHEPA 232 Apartments in Indianapolis Receive $2.38 Million Grant in HUD Assisted Living Conversion Program

Released December 4, 2014

Fishers, Indiana – AHEPA National Housing Corporation has announced that AHEPA 232 Apartments, located at 7355 Shadeland Station Way in Indianapolis, IN is the recipient of one of only six grants awarded nation-wide by the US Department of Housing and Urban Development as part of its Assisted Living Conversion Program. The program as stated by a HUD press release, “supports the transformation of housing into units that can accommodate the special needs of seniors seeking to remain in their homes or “age in place.”’ According to AHEPA National Housing Corporation President Angelo Kostarides, 24 of AHEPA 232’s 74 units will be converted to service-enriched senior housing.

Kostarides noted, “This is a significant milestone to be added to our ANHC history of senior housing development.” AHEPA 232 Apartments opened in 1985 as a Section 202 affordable senior property. The building is managed by AHEPA Management Company, which will oversee the new services. Completion of the modified units is projected for 2015.

About AHEPA National Housing Corporation 

AHEPA National Housing Corporation (ANHC) develops HUD-subsidized Section 202 housing for low income disabled and elderly ages 62 and up. Established in 1983, ANHC is headquartered in Fishers, IN and serves over 4887 senior citizens throughout 22 states with apartments and expanding amenities. AHEPA National Housing Corporation complies with the Federal Fair Housing Act through Equal Housing Opportunity. It is a not-for-profit 501(c)3 organization.

Property management services for AHEPA National Housing Corporation communities are provided by AHEPA Management Company, a wholly-owned subsidiary of AHEPA National Housing Corporation established in 1991 to provide on-site property management, maintenance and resident-empowering support services for all AHEPA National Housing Corporation communities. Currently AHEPA Management Company, a non-profit 501(c)3 organization, supports 90 apartment buildings throughout the United States. AHEPA Management Company also provides management services for subsidized apartments with outside ownership.

For more information on AHEPA National Housing Corporation, visit www.ahepahousing.org, or call 317-845-5890.

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