As we debate tax cuts for seniors with the good fortune of owning homes that just keep getting more valuable, it's important to remember there are many for whom increasing tax bills would be a welcome sign of progress. Thanks to some of those "greedy developers," a few of the truly less fortunate seniors are finding refuge.
Perched on a hillside above historic Ellicott City's Main Street, Howard County's new 25-unit Tiber-Hudson apartment building was designed as a welcome refuge for vulnerable older people.
The earth-tone block, brick and glass building is owned by the county's Housing Commission and is designed for those ages 62 and older with limited incomes and who are struggling with a variety of medical and housing problems. The three-story, $3 million building is intended to allow residents to stay, even as they become more frail.
…The apartments range from 480 to 645 square feet, and each has a bedroom, living room, small kitchen and a large bathroom, equipped with handrails and easy-entry showers. Rents range from $250 to $500 depending on income, including utilities, according to Timi Lash, the county's property manager.
…Leonard S. Vaughan, the former county housing director, crafted the deal for the building with developer Paul Revelle and builder Dale Thompson, who are selling upscale retirement homes starting at $550,000 at Scott's Glen, on Cedar Lane at Owen Brown Road in Columbia.
Revelle and Thompson were required to provide 14 moderate-income units in Scott's Glen, but condominium fees and taxes would have made it hard for limited-income buyers to afford them. So they agreed to build Tiber-Hudson instead, at cost. In addition, they contributed $1.2 million to the project, while giving the county nine more units.
"It wound up as pretty much a good deal for both parties," Revelle said.
I'd say so.