The north Pierce County and south King County area has gained more than 100 units of housing for seniors with the opening of the Alder Ridge senior apartments in Milton.
Village Concepts, the Alder Ridge developer, calls the new facility located near the county line an affordable housing community for independent seniors 62 years old and up. It has 116 one-bedroom and two-bedroom apartments with washers and dryers, private patios and balconies in select units. Amenities include a media room, library, computer lab, beauty salon and barber shop, fitness room and a large social room with a full kitchen. The community is near a walking and biking trail and retail establishments such as stores and banks.
A grand opening Jan. 9 featured raffle prizes, tours and an appearance by Milton Mayor Debra Perry.
Fiinancing for Alder Ridge’s construction was arranged through the Washington State Housing Finance Commission, which issued $8 million in tax-exempt bonds combined with $4 million in housing tax credits for the developer. The financing package also included a taxable loan backed by the U.S. Department of Housing and Urban Development. The commission will work with Village Concepts in a relationship that will keep rents low and help the owner comply with federal and state requirements, officials said.
Village Concepts, based in Federal Way, operates 14 senior living communities that are home to more than 1,400 residents in the Puget Sound region, the Olympic Peninsula and central Washington. The dedicated company is at the forefront of the industry with programs and communities to offer the best senior living options.
Alder Ridge is at 38338 28th Ave. S. Its manager can be contacted at 253-878-5665 and email@example.com.