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Pennrose Opens New Senior Apartment Community to Meet Growing Market Demands
May 16, 2013
TREVOSE, Pa.– May 16, 2013 – On Tuesday, May 15th at 2:00 PM, Pennrose held a grand opening and ribbon cutting ceremony to celebrate the completion of Somerton Court Senior Residences in Trevose. The development consists of 54 one-bedroom units and six two-bedroom units for low-income seniors.
Prospective residents took part in the celebration, which included a ribbon cutting ceremony with speeches from Mark H. Dambly of Pennrose; Bensalem Mayor Joseph DiGirolamo; and Bucks County Commissioners Robert Loughery and Charles Martin. Attendees also had the opportunity to tour the completed units.
Bensalem Township, the largest municipality in Bucks County, is a growing area and rich in services. The property, located just minutes from the retail and service-laden Street Road corridor and the Parx Casino, will provide housing for sixty seniors.
“There is a great need for affordable senior housing in this area and we’ve received tremendous interest in Somerton Court so far,” said Mark H. Dambly, Pennrose President. “We are pleased to be able to fill the community’s need and offer high quality housing that provides a place for the seniors in Bucks County to call home.”
The property, developed by Pennrose Properties and managed by Federation Housing, Inc., offers many amenities. A large community room on the first floor provides a dining space with a kitchenette, comfortable seating for reading or watching television and an adjacent outdoor patio with built-in benches. Residents can also take advantage of the wellness center, computer room, library with game tables, ample parking, a gazebo and walking path connecting Somerton Court with Beechwood Estates, a single-family community being developed by DeLuca Homes. Somerton Court is also ENERGY STAR® Certified, which is achieved by using ENERGY STAR® lighting fixtures, appliances, high-performance windows, high efficiency HVAC systems, upgraded building insulation, low VOC paints and water-conserving plumbing fixtures.
The property is funded by a variety of sources, including investor equity from the purchase of low-income housing tax credits, PennHOMES funds from the Pennsylvania Housing Finance Agency, HOME funds from Bucks County, Redevelopment Assistance Capital Program funds from the Commonwealth of Pennsylvania and Neighborhood Stabilization Program 3 funds from the Department of Community and Economic Development. To date more than 500 households have expressed an interest in residing at Somerton Court, and units are leasing quickly, further demonstrating the strong need for such housing in this location.