Housing in the City of Charlottesville can be expensive. So where can you live if you're over 55, work in a lower-paid service job, don't own a car and don't want to move again when you begin to need supportive services?
The answer is Timberlake Place. What was originally a 19 th century, two-story farmhouse, is today a new senior-friendly apartment community scheduled to open in December. The Jefferson Area Board for Aging (JABA), received multiple sources of financing to convert the property into four two-bedroom apartments and a community room. The development will also include 21 new one-bedroom and two two-bedroom apartments on a three-acre site in the historic Woolen Mills neighborhood of Charlottesville.
Timberlake Place is conveniently located near UVA Medical Center and the Downtown Mall, with a bus stop at the foot of the driveway. In addition, its EarthCraft certification will give residents healthy and energy efficient living, while Universal Design features will enable them to "age-in-place" as their physical needs change.
To make Timberlake Place affordable for older workers, VHDA provided a 2011 reservation of Low-Income Housing Tax Credits (LIHTC) and a below-market interest rate SPARC loan under the "Frail Elderly" category. In addition to federal and state historic tax credits, Timberlake Place also received Affordable Housing Program funds from the Federal Home Loan Bank of Atlanta, federal HOME funds from the DHCD, Community Development Block Grant and Community Housing Fund monies from the City of Charlottesville, and local foundation and JABA funds.
Based on VHDA's SPARC "Frail Elderly" program requirement to provide geriatric care management, JABA has pledged to make this service available so that residents who become more frail as they age-in-place may receive community-based supportive services under a care management plan created by the case manager.