Construction of housing project for the elderly begins in Dupont - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 29, 2020 Newswires
Share
Share
Post
Email

Construction of housing project for the elderly begins in Dupont

Citizens' Voice, The (Wilkes-Barre, PA)

Dec. 29—Construction of a new affordable housing project for the elderly has begun in Dupont.

The Dupont Housing for the Elderly project is being developed at the former Ben Franklin School at 611 Walnut St.

Michael Molitoris, executive director of the Housing Authority of Luzerne County, the developer, said the project represents a unique public and private partnership and the culmination of three years of planning to create a housing development which will remove a vacant deteriorated building and transform the site into a "true community asset" to provide affordable housing to low-income seniors. Construction is projected to be completed in December 2021, he said.

A + E Group JV of Wilkes-Barre designed the building which consists of 36 one-bedroom units. Four of the apartments will be designed to be accessible handicapped units and one apartment will be designed for the hearing/sight impaired.

Common amenities, which are located on the first floor, include a community area, a kitchen, an elevator accessing all floors, on-site management and supportive services office and community facilities for laundry.

The building was certified with Enterprise Green Communities for its advanced energy efficiency, the use of zero VOC paints and sealers and water-resistant materials in humid areas for quality interior environment.

The financing structure for the $10.79 million project includes low-income housing tax credits through the Pennsylvania Housing Finance Agency with equity investment of $7.56 million facilitated by Enterprise Housing Credit Investment, LLC and other permanent financing commitments from PHFA Housing Trust Fund and the County of Luzerne HOME and Housing Trust Fund programs. Citizens Bank has provided a $5.4 million construction loan.

Trade Eastern, Inc. is the general contractor. Legal partners include Dermot Kennedy, Ernest (Bucky) Closser and Bruce Anders/ Low-Income Housing Tax Credit technical services are being provided by Tom Elias of T. Elias and Associates.

The Housing Authority of Luzerne County will provide management and maintenance staff with technical support from JLD Compliance Advisory, LLC of Hummelstown, PA. Catholic Social Services of the Diocese of Scranton will provide supportive services to assist residents in meeting their everyday needs to remain independent.

Dupont Borough Council and Council President Stanley Knick were key to the plan to develop affordable housing for the elderly when they acquired the school back in 2015, according to a press release announcing the project.

Contact the writer: [email protected], 570-821-2115, @CVAllabaugh

___

(c)2020 The Citizens' Voice (Wilkes-Barre, Pa.)

Visit The Citizens' Voice (Wilkes-Barre, Pa.) at citizensvoice.com

Distributed by Tribune Content Agency, LLC.

Older

ATF response team investigating apartment building fire that displaced 30 families

Newer

Coronavirus updates: California surpasses 20,000 cases in hospitals as ICUs stay full

Advisor News

  • How advisors can prepare clients for an uncertain retirement landscape
  • Investors aren’t waiting out uncertainty
  • Transamerica and Advo(k)ate Advisors launch pooled employer plan
  • ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
  • Why women must be more engaged in investing
More Advisor News

Annuity News

  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
  • Market-value adjusted annuities: Key considerations for advisors
  • Private equity’s next play in insurance
  • Immediate Care Plan: A new solution for funding LTC
  • Delaware Life Launches a New Bonus Fixed Index Annuity Built for Growth, Protection, and Flexibility
More Annuity News

Health/Employee Benefits News

  • Farm families consider options for health coverage
  • Medicaid insurers’ contracts on the line in tight Iowa governor’s race
  • Here are the corporate PACs fueling Tennessee’s race for governor
  • OPINION: Healthcare costs are surging. Taxing billionaires will help Californians keep their coverage
  • Doctors concerned about Medicaid work rule
More Health/Employee Benefits News

Life Insurance News

  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
  • Court sides with Ameritas in denying $4M STOLI payout to Wells Fargo
  • AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of The Fortegra Group, Inc.’s Insurance Subsidiaries
  • Yancey Jr., Delos Harley
  • Vincent Esparza CFP, CLU joins Wilde Wealth Management Group as Senior Wealth Advisor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet