Cydecton investments, LLC has begun a 44-unit new construction senior community for seniors’ age 55 and older in Lake Ozark, Miller County, Mo. The 44-units will be situated in a 3-story building with an elevator and is expected to be occupied in the third quarter of 2017.

Cydecton investments, LLC has begun a 44-unit new construction senior community for seniors’ age 55 and older in Lake Ozark, Miller County, Mo. The 44-units will be situated in a 3-story building with an elevator and is expected to be occupied in the third quarter of 2017.

The property is located on South Fish Haven Road intersecting with U.S. Business 54 and U.S. Business 54.

The project will feature spacious one and two-bedroom units with one full size bath, fully equipped kitchen with washer/dryer equipment in each unit.

The 44-units break down to one–bedroom units measuring approximately 738 sq. ft. with rents at $430 per month and 42 two-bedroom units measuring approximately 855 sq. ft. with rents between $416-$490 per month. Fish Haven Estates will set-aside 25% of the units for seniors whose incomes falls below fifty percent (50%) AMI.

Common areas will be provided on all floors and will include game room, computer stations, coffee bar, fitness equipment, full kitchen and resident lounge. Each apartment will be built to the highest quality standard at the lowest possible cost. Fish Haven Estates offers modernized kitchens with range/oven, garbage disposal, refrigerator, microwave, and dishwasher; a laundry area with washer and dryer equipment; living space finished with carpet and vinyl plank flooring, window coverings, and ceiling fans.

Three units will be fully ADA accessible. The remaining units will be universally designed to they can be adapted to other tenant use if necessary. Construction and equipment will comply with the Green Building Program and the “Bronze” certification level requirements of the National Association of Home Builders Green Certification Program.

Per the market study, Fish Haven Estates will attract senior tenants with incomes between $18,950 and $22,740. Approximately eighteen percent (18%) of the market renters are within this income range.

Cydecton Investments offers a rent structure that accommodates low-income senior residents. Eleven apartments will be set-aside for residents that earn fifty percent (50%) or less of the area medium income with a rental rate of $416 per month.

A development team consists of professionals with many years of experienced in all facets of affordable house. The team that Cydecton Investments, LLC has assembled is dedicated to meeting and potentially exceeding the goals of MBE and WBE participation. The following development team has been formed to support the success of this project.

(WBE) HRM Services, LLC Debra Giffin Sole Member, serves as the development consultant property manager. Ms. Giffin has over 20-years of experienced in affordable housing development, construction management, and property management. Currently HRM provides affordable housing services to over 3500 units in the Midwest. The firm has extensive experienced with the low-income housing tax credit, HUD and USDA Rural Development financing programs.

Simplex Maintenance, common principals with Cydecton Investments, LLC, will serve as the General Contractor.

Wallace Architects, LLC; Kurt Wallace, Managing Member, has provided pre-application architectural services and will continue to supervise the design and implementation throughout the construction phase. Wallace has an extensive working knowledge of MHDC and RD architectural requirements.

Midwest Land and Title and its principals offer knowledge and experience in real estate closings, escrow and construction disbursements, title searches and examinations.

Professional Environmental Engineers will provide the Phase 1 environmental site assessment and NAHB Green Building Design and Review services.

Pyramid Home Heath Services (PHHS) has committed to providing health services to each Fish Haven Estates resident. A member of PHHS case management staff will perform a home visit to assess each resident’s level of care. Once assessed, staff will develop a care plan that meets each individual need. PHHS will provide monthly services based on the need at no cost to the resident. PPHS Staff will determine the Medicare, Medicaid, and VA benefits eligibility and for any cost not reimbursed through these programs. PHHS will bill Fish Haven Estates, LP.