CONTACT: Traci West, Strategic Communications Manager I twest@voa.org
ALEXANDRIA, Va., (Feb. 19, 2025) – Volunteers of America National Services (VOANS) and Volunteers of America of Florida are pleased to announce the grand re-opening of two affordable housing properties for seniors in Clearwater, Florida. The celebration, which took place on today, marks the completion of a comprehensive rehabilitation project for older adults, ages 62+, in the community.
The celebration was held at VOANS’ newly renovated Clear Bay Terrace, a 40-year old, 101-unit affordable housing property for seniors located in the City of Clearwater, Florida, which is in close proximity to VOANS’ Creekside Manor I & II, a newly renovated 91-unit housing property for older adults located in two buildings separated by a stormwater creek berm.
Both of these properties have undergone significant rehabilitations in efforts to preserve the structures and fulfill VOANS’ mission of providing safe, affordable housing for those in need.
“We are thrilled to welcome seniors back to these beautifully renovated homes,” said Dee Dee Beaty, VOANS senior vice president of housing. “This rehabilitation project represents our ongoing commitment to preserving affordable housing options for older adults in Clearwater, providing them with safe, accessible, and comfortable living spaces that will enhance the quality of their lives.”
The developments feature myriad enhancements designed to offer a contemporary and comfortable living environment for residents, like in-unit features inclusive of new flooring, energy-efficient appliances, water heaters, light fixtures, bathroom upgrades, and enhanced ADA unit upgrades to ensure accessibility. Notable common area improvements include new flooring, new light fixtures, a new HVAC system, and a WiFi system.
Rehabilitation of Clear Bay Terrace and Creekside Manor I & II was financed through an allocation of state and 4% low-income housing tax credits (LIHTC) from Florida Housing and Finance Corporation (FHFC). Additional financing was provided by tax-exempt bonds from the Pinella County Housing Development Authority, a construction loan from Boston Capital Finance, LLC (BCF), and equity from VOANS Capital Magnet Fund. The properties are part of a large portfolio of Florida properties that have been developed by VOANS and managed by VOA Florida for many years.
The grand re-opening event was attended by local city officials, as well as project sponsor, National Affordable Housing Trust (NAHT). “NAHT is proud of our continued partnership with Volunteers of America National Services (“VOANS”) and excited to participate in the renewal of almost 200 homes for seniors in Clearwater, Florida, at both Clear Bay Terrace and Creekside Manor,” said Paul Cummings, Senior Vice President of NAHT. “Preserving high quality, affordable homes for seniors is important in every market and we, along with our investor UnitedHealth Group, congratulate VOANS on its commitment to serving lower income seniors, including resident services where possible.”
“Understanding the strong connection between housing and health, UnitedHealth Group is honored to support the rehabilitation of these properties,” said Warren Murrell, chief executive officer UnitedHealthcare Medicare & Retirement in Florida, part of UnitedHealth Group. “We are especially pleased that these properties have been renovated to offer services that will help maintain seniors’ well-being, including service coordinators who will help connect residents with transportation, training, available benefits and more.”
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About Volunteers of America National Services
Volunteers of America National Services (VOANS), a subsidiary of Volunteers of America, provides affordable housing and healthcare services in over 40 states and in Puerto Rico. The organization employs over 2,000 dedicated staff who provide high quality services and care to our clients. As one of the largest non-profit affordable housing owners/operators in the nation, the VOANS portfolio includes over 240 properties and 15,000 affordable housing units. VOANS also operates senior healthcare programs, including independent living, assisted living, memory care, short-term rehabilitation, skilled nursing care, home health care, adult day care and Programs for all Inclusive Care for the Elderly (PACE). Learn more at www.voans.org.
About Volunteers of America
Volunteers of America is one of the nation’s largest, established comprehensive human services organizations with 16,000 mission-driven professionals, dedicated to helping those in need rebuild their lives and reach their full potential. Founded in 1896, the faith-based nonprofit has programs in 46 states, the District of Columbia, and Puerto Rico, serving more than 1.5 million people a year. Learn more at www.voa.org.
About Volunteers of America of Florida
Volunteers of America of Florida is a faith-based, human service organization that engages Floridians in need, including unhoused Veterans, individuals and families experiencing homelessness, those diagnosed with mental health and cognitive conditions, and vulnerable seniors. Volunteers of America of Florida creates positive life changes through housing and supportive services (i.e., behavioral health, case management, and more). Thousands of Floridians in-need are served each year across the state of Florida. For more information, visit Facebook, LinkedIn, Twitter, or Instagram.
About National Affordable Housing Trust
National Affordable Housing Trust (NAHT) is a nonprofit low-income housing tax credit (LIHTC) syndicator, specialized financial intermediary and development advisory firm. As a mission-first syndicator with a commitment to racial equity and inclusion, NAHT strategically partners with developers and investors to create and preserve affordable, quality rental homes that promote thriving and resilient communities. NAHT is a joint venture of LIIF (Low Income Investment Fund) and SAHF (Stewards of Affordable Housing for the Future).
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