The Green Houses at the Thome Rivertown open in December 2016.
In June 2016, Capital Impact Partners completed a $4.5 million loan to The Harry & Jeannette Weinberg Green Houses at the Thome Rivertown Neighborhood, a wholly owned subsidiary of Presbyterian Villages of Michigan.
The loan will finance the acquisition of a 20,000 sq. ft. building in Detroit, MI, and its conversion to two assisted living Green House homes and a ground floor retail space.
The Green House project is the final phase of the Thome Rivertown Neighborhood, a community that currently serves 370 low-income elders through affordable and independent assisted living, supportive services and a PACE (Program of All-Inclusive Care for the Elderly) day center.
When completed, the Green Houses will serve 21 low-income, Medicaid-eligible elders. Currently these elders live in skilled nursing facilities despite not needing such a high level of care, or live in their own homes and are at risk.
By transitioning them into Green House living, PACE of Southeast Michigan expects to save approximately $130,000/year over institutional nursing care. The project is the first partnership between PACE and a Green House operator.
A radical new model for skilled nursing care, Green House homes are designed to provide individualized care in an environment that looks and feel like a real home, thus returning control, dignity and a sense of well-being to its residents and their families.
This facility will include a self-contained 10-bed residence on the 2nd floor and a self-contained 11-bed residence on the third floor. Each Green House will have private rooms with private baths and common amenities like a central hearth area with open living room, dining room, kitchen, and a terrace.
Convenient access to Belle Isle leisure amenities, along with nearby shopping, services and restaurants, serve to integrate residents into the fabric of the community. When older persons experience being a valuable part of the community, their health and well-being flourish. Through volunteering, socializing and otherwise contributing they meaningfully connect across generations, thereby enriching the community.
Presbyterian Villages of Michigan (PVM), the operator of the Green House, is a faith-based organization established in 1945 that serves seniors of all faiths. PVM has a long track record of creating affordable housing options for underserved elders, and was the 2nd Green House adopter in the U.S.
Construction is expected to take 10 months, with completion by December 31, 2016.