Media advisory | South Bend groundbreaking: $20m, 72-unit affordable senior housing
                     Media advisory | South Bend 
groundbreaking: $20m, 72-unit 
affordable senior housing | Oct. 
10, 11 a.m.
 Media advisory
 South bend groundbreaking | AHEPA 100 Phase II Senior Apartments | Thurs., Oct. 10, 
11 a.m.
 Leading nationwide provider of affordable multifamily housing for older adults to break 
ground on second South Bend community
 What
• AHEPA 100 Phase II Senior Apartments groundbreaking
• Three-story, 72-unit affordable senior living community administered by the U.S. Department 
of Housing and Urban Development (HUD) Section 202 Housing for the Elderly Program.
 Who
• AHEPA Senior Living, the development and management company
• AHEPA 100-II, Inc., the property’s sponsoring entity and board of directors
 Where
• 53871 Generations Drive, South Bend
 Why
 “The need for affordable housing, especially for low-income seniors, is great. In South Bend, 
our Phase One community has a waitlist.
 We are excited and proud to help South Bend seniors who need safe and dignified housing 
with the addition of 72 units thanks to our financing partners and with the support we received 
from HUD and the Indiana Housing and Community Development Authority.” – AHEPA 
Senior Living President & CEO Steve Beck.
 Media availability
• ASL Chairman of the Board Ike Gulas, ASL President & CEO Steve Beck
• AHEPA 100-II, Inc., President Panos Niarchos, of Winona Lake
 Onsite POC
 ASL Director of Operations for Independent Living Sandra Dzankovic, 515.988.2285
 Project background
• AHEPA 100 Phase II will be a three-story, 72-unit affordable senior living community located 
on 3.86 acres.
• The project is financed at $20.457 million — comprised of a $7.3 million HUD Section 202 
capital advance, $10.161 million in equity generated from the low-income housing tax credit 
program, and a permanent mortgage loan.
• AHEPA Senior Living manages one other 50-unit HUD Section 202 community in South 
Bend, AHEPA 100 Apartments.
• Section 202 residents are aged 62 and older with household incomes less than 50% of the 
area median income (AMI).
 About AHEPA Senior Living
• Serving more than 5,000 older adults across the United States, Fishers, Indiana-based 
AHEPA Senior Living is a mission-driven, nationwide provider of affordable independent 
senior and assisted living communities.
• Since 1980, AHEPA Senior Living has developed and managed over 90 HUD Section 202 
communities in 21 states. In March 2022, HUD Secretary Marcia Fudge 
visited AHEPA 29 Apartments in Houston, a historic first for AHEPA Senior Living.
• The mission of AHEPA Senior Living is to provide older adults with safe, healthy, and 
enriching affordable residential communities and quality services that allow them to thrive and 
enjoy peace of mind.
• Visit www.ahepaseniorliving.org
Get in touch with us
AHEPA 100 Senior Apartments AHEPA 29 I & II Senior Apartments
53871 Generations Drive, 13830 Canyon Hill,
South Bend, IN 46635 Houston, TX 77083
(574) 243-1300 (281) 495-9977
[email protected] [email protected]
AHEPA 78 II Senior Apartments Penelope 60 Senior Apartments
2080 W. 79th Place, 810 S. Merrifield Avenue,
Merrillville, IN 46410 Mishawaka, IN 46544
(219) 791-0708 (574) 252-4466
[email protected] [email protected]