Article submitted by Jim Allen, Sales and Leasing Agent at Saurage Rotenberg Commercial Real Estate
With an aging population, the HUD 202 Supporter Housing for The Elderly maybe an avenue worth pursuing.
Article written by Meg Jernigan, eHow Contributor
HUD 202 grants provide cash to entities constructing, rehabilitating or purchasing buildings intended for use as housing for very low-income elderly people.
The grants also provide rent subsidies for the projects to make the housing more affordable for the residents.
The intent is to expand the number of housing options for the elderly, including those in poor health, and to include services like cooking, transportation, and cleaning that allow for independent living by supporting them with their day-to-day needs.
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Jim Allen earned his bachelor’s degree from Baylor University in Waco, Texas and his masters from Louisiana State University. In addition to his multiple degrees he has taken numerous coursework in banking, marketing, accounting, and business law. As a complement to his sales experience, Jim also has 25 years experience in commercial real estate financing.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
