Construction on the GreenHouse began in July 2015 and is expected to open in 2016.
Colorado has one of the fastest growing aging populations in the U.S., where over the next 15 years, the number of people 60 or older is expected to more than double.
Through the Age Strong initiative, Capital Impact Partners and Calvert Foundation recently made a $2.2 million loan for the reconstruction of a new nursing home in the Washington County town of Akron, CO. The construction will replace an outdated traditional nursing facility with a radically new, national model for skilled nursing care called the Green House.
These homes are designed from the ground up to look and feel like a real home, returning control, dignity and a sense of well-being to elders and their families, while providing high-quality, personalized care. This is the seventh GreenHouse project funded by Capital Impact Partners.
This is the seventh GreenHouse project funded by Capital Impact Partners.
The loan through Age Strong is part of a larger $10 million construction loan for the project, which will include homes for 40 residents, 60% of whom are low-income people covered by Medicaid.
The project will also create eight permanent jobs and 140 construction jobs, helping to boost the local economy.
The project broke ground in July 2015 with a ceremony that brought together 60 people from the area, including county commissioners, board members, nursing home staff, elders and community members.
Read more about the groundbreaking, and look forward a to ribbon cutting on the new facility in 2016.