BATESVILLE – A ribbon cutting will be held Friday for the second phase of RomWeber Flats. The addition of RomWeber II offers another thirty, one and two bedroom apartments for seniors, bringing the total number of units to eighty-four.
RomWeber has also joined in partnership with Cincinnati-based Nursing Care Management to offer assisted living options on campus. It is the first assisted living facility of its kind in Indiana.
“The ability for Hoosiers to maintain their independence into their golden years is a valuable asset to any community,” said Jacob Sipe, Executive Director of the Indiana Housing and Community Development Authority. “The addition of assisted living options in the RomWeber Flats developments will enhance the lives of elderly citizens in Batesville, reducing isolation and limiting the cost of care.”
This innovative approach will allow residents to age in place and to live independently using a combination of affordable housing and Medicaid waivers to offset the cost of care. “This unique combination of programs will make assisted living available to Hoosiers who would traditionally reside in nursing homes due to the lack of availability of assisted living,” noted Mike Scharfenberger, owner of Nursing Care Management.
Charles Anderson, Senior Vice President of City Real Estate Advisor, the Tax Credit Syndicator commented: “RomWeber Flats is a perfect example of a successful public / private enterprise. The benefits to the residents, the property serves, are countless and the redevelopment that has occurred in the downtown Batesville market as a result of this development is truly remarkable. This property symbolizes what should come to all of our minds when we hear the words ‘affordable housing’.”
With the addition of RomWeber II, the total investment on the RomWeber Campus is now close to $17 million. This project has created 22 full time jobs and added three new businesses in downtown Batesville.
Romweber Flats is a 55 and over community with amenities including a movie room, beauty salon, library, tenant storage facility, community areas and the award winning Big Four Café.
