Green House Blog

Grand Opening Celebration Takes Place for Colorado’s First Green House Homes – A Story of Partnership and Vision

The beautiful Rocky Mountains provide a wonderful view for Elders that will live in The Green House Homes at Mirasol in Loveland, Colorado.  That view will only be matched by the person-directed living they will experience in this innovative model of skilled nursing care.  Built on the campus of the Mirasol Senior Living Community, there will be six homes with each including: ten private bedrooms and bath, open kitchen, a hearth area along with a variety of other open spaces that will embrace socializing and the ability to live life in a meaningful way.

Sam Betters, Executive Director of the Loveland Housing Authority, said,

From my own personal experience of trying to provide the best care for my parents, I discovered that aging in America presents many challenges.  I knew that there had to be a better option than the traditional institutional models for elder care.  There is.  It’s called The Green House Project.  As we began our vision-quest, we didn’t know how we were going to make this happen.  We just knew it had to be done.

Senior Director for The Green House Project, David Farrell, was on hand for the festivities on October 21st along with a number of other state and local leaders in Colorado.

David said, “These homes will help the Loveland Housing Authority meet a gap in its continuum of care-skilled nursing and allow Mirasol residents to remain a part of their existing community, deriving the benefits of receiving a higher level of care while still living independent and social lives.”

The Green House Project is part of Capital Impact Partners, a certified community development financial institution, which led the financing for this $17 million dollar project.

As a mission driven lender, this project fits well into our larger strategy to build strong, vibrant communities of opportunity for underserved populations. We are not only proud to help bring the Green House model to Colorado, but also the fact that a large percentage of the residents are Medicaid eligible,

said Terry Simonette, CEO of Capital Impact Partners. “It took a number of partners, and use of innovative tools like New Market Tax Credits to make this happen.”

Funding for the project included:  $2 million dollar grant from The Harry and Jeanette Weinberg Foundation, program related investments from the AARP Foundation and the Robert Wood Johnson Foundation, $2.5 million New Market Tax Credits, $3.4 million in tax credit equity from JPMorgan Chase plus a land donation by the Loveland Housing Authority.

We congratulate all who helped in the process of making these homes possible…and welcome everyone to the Green House family!

Click here to read more about this project and why leaders from The Harry and Jeanette Weinberg Foundation and the AARP Foundation were most pleased to make this development a reality!

First Green House Homes in Minnesota Officially Open!

Despite the long winter and flooding in Minnesota this year…the ribbon cutting ceremony at Water’s Edge on June 26th was a real success.  The first Green House homes located in Mankato, Minnesota will be welcoming Elders in mid-July.  Congratulations to all!

The three story project, with an assisted living Green House home on each floor, was developed and will be operated by Grace Senior Services.  Owners, Brad and Heather Bass along with their children and other city officials were all on hand for the grand opening event.

Water’s Edge is located on the Mankato hilltop and will offer wonderful scenic waterfront and woodland views.  Of course every Green House home also offers private bedroom and bathrooms for Elders, a central hearth area, full kitchen with home cooked meals, and a dining room area.  It can be chilly during those Minnesota winters, so Water’s Edge will also include heated bathroom floors and a “four-season sun porch” for each home.

The Director of Operations for Water’s Edge will be Brooke Olson.  The initial team to staff the first home is currently receiving their 128 hours of additional training to their current certification as a nurse, licensed practical nurse or nursing assistant.

The supplemental training is a hallmark of The Green House model of care.  The people who live and work in a Green House home collaborate to create a flexible daily routine that meets and Elder’s needs and preferences.  If they wish, Elders can help cook, and assist with housekeeping or laundry.  There is no predetermined routine, which facilitates independence and an Elder’s ability to pursue individual interests and schedules.  Deep relationships between the Elders and staff are one reason that the Green House model creates dramatic improvements in quality of life and care.

Capital Impact Partners was critical in the development and funding of Water’s Edge.  They provided $1.5 million in financing for the project:  One million from the Robert Wood Johnson Foundation’s program-related investment (PRI) and $500,000 from the AARP Foundation PRI funds.  Capital Impact Partners, a congressionally chartered, non-profit community development finance institution provides financial services and technical assistance nationwide to help make high-quality health care, healthy foods, housing and education more accessible and attainable, and eldercare more dignified and respectful.  Water’s Edge owner Brad Bass was most pleased to work with Capital Impact Partners, “You have a great program and excellent staff.  I could never have done this without all of your extensive resources!  Not to mention the funding that was really the igniter to get this development going”.

We wish the team at Water’s Edge only the best as they welcome their Elders into the Green House homes during the upcoming weeks!  Again, congratulations to all!

Financing and Collaboration Brings Green House homes to Colorado

It was a beautiful day in Loveland, Colorado for the historic groundbreaking ceremony of the first Green House homes in Colorado. The skies were clear and the beautiful Rocky Mountains provided a breathtaking view in the background. This Green House project is the result of a collaboration between Loveland Housing Authority and Vivage Quality Health Care Partners.  These innovative groups worked with NCB Capital Impact, AARP foundation, The Weinberg Foundation and many other sources of financing to bring this project to life for low income elders:

A $16 million project takes a significant numbers of financial partners, as well as time. Nearly four years in the works, financing for the project includes New Market Tax Credits, $584,000 in fee waivers from the city of Loveland, $2.6 million from the Colorado State Division of Housing and a $2 million grant from Maryland-based nonprofit The Harry and Jeanette Weinberg Foundation.

Local residents were an integral part of planning the groundbreaking ceremony.  The Reporter-Herald covered this collaborative event, “”The goal is to create rampant normalcy where people can feel at home,” said Nancy Fox, the chief life enhancement officer for Vivage Quality Heath Care Partners.
The program was kicked off by Sam Betters, Executive director of the Loveland Housing Authority. He shared the trials and successes of the long four year journey that led to securing financing for this important project, “It takes a lot of people to make this work, and we do this to meet the community’s needs,” Betters said Tuesday in remarks before a crowd Mirasol residents, local officials and a wide-range of partners.”  The determined spirit and “can do” attitude was palpable throughout the ceremony.

Next Sue Mendenhall, the Resident Ambassador of Mirasol Senior Living Community described The Green House Project as “breathtaking in its innovation.”  Major Cecil Gutierrez from the City of Loveland described Loveland as “one of the most innovative and creative cities demonstrated by art and projects the Loveland Housing Authority has come up with.”

“You are bringing something amazing to your state,” The Green House Project Chief Operating Operator Susan Frazier told the crowd. “You are becoming a part of something that is so much bigger than yourself.”

There are currently Green House projects in 25 states, with many more in development.

10 On 10: Ten Leaders In Aging Reflect On Ten Years Of Green House Homes

Over the past 10 years, we’ve worked to change the way elders live in long term care.  Currently, there are 153 open and operating Green House homes 25 states with many more in development. In fact there are 24 more homes scheduled to open in 2014, and we are gaining momentum.  Because of these innovations, over 1550 elders are able to live, grow and thrive in real home environments where they are able to give and receive the care that they need.

In honor of our 10th Anniversary, we reached out to 10 thought leaders in the field of aging, and asked them to share their perspective on the impact that The Green House model has made on aging and long term care.  Below you will see the support that they voiced for this model, and the work that has been done to move the field forward.

 

Thank you to everyone who contributed to this strong statement that Aging and Long-Term Care can be different.

Financing a Green House home

The Green House Project recognizes that financing is a crucial element of any new development. As a program within NCB Capital Impact, we can partner with lenders to create a streamlined process and many specialized financing options. NCB Capital Impact is a nonprofit, Community Development Financial Institution (CDFI) that works across the nation to improve access to high-quality health and elder care, healthy foods, housing, and education in low-income communities. To date, NCB Capital Impact and The Green House Project have assisted in the development of over 148 Green House homes and have financed $20 million in Green House homes across the country.

There is now an information page on The Green House website, that provides a high level overview of financing vehicles. NCB Capital Impact provides financing opportunities for Green House homes and manages specific Green House loan programs, including The Robert Wood Johnson Foundation and AARP Program Related Investments. There is also information about The Weinberg Foundation grant opportunities. This new webpage provides high level information about these opportunities, as well as specific steps for learning more about financing options.

Click here to view the Financing Page on The Green House website >>