D’Iberville debuts affordable housing community for 55-and-older residents

December 11, 2013

Business, Real Estate

Riverside apartments in D'Iberville (Special to the MBJ)

Riverside apartments in D’Iberville (Special to the MBJ)

D’IBERVILLE – As many municipalities across the country struggle to provide affordable housing for the aging Baby Boomer population, the Mississippi Gulf Coast has found a solution with the recent opening of Riverside, an adult waterfront community located in D’Iberville.

Riverside was made possible through a unique private/public/non-profit partnership. Officials with Gulf Coast Renaissance Corp., a local nonprofit that serves as the majority partner, gathered today with Coast leaders and dignitaries, including Mississippi Development Authority representatives, at a ribbon cutting and grand opening celebration for the new $15M development on Lamey Bridge Road.

“Access to affordable housing on the Mississippi Coast has been a major focus of MDA’s Katrina recovery efforts, and the Renaissance Corporation has been a valuable partner through its creation and execution of many needed programs,” said MDA Executive Director Brent Christensen. “This development provides quality affordable housing for our seniors and demonstrates the state’s continued commitment to housing as we work towards a full recovery from the storm. MDA is proud to have provided assistance for this project.”

Riverside is a senior independent living community designed for qualified residents 55 years or older. During the application process, residents are income qualified and must be at or below 120 percent of the average median income. The one-bedroom apartments rent from $475 to $650, and the two-bedroom apartments rent from $700 to $900.

Riverside offers 117 apartment homes; over half of the units have a water view. The 87 one-bedroom apartments are 696 square feet and the 30 two-bedroom; two-bath apartments are 1002 square feet. Architectural features include nine-foot ceilings, walk-in closets and exterior balconies. Design appointments include granite countertops, two-inch blinds, ceramic tile in the bathrooms and energy-efficient appliances. Storage units and covered parking are also available.

Amenities at the development include a salt-water pool, outdoor grills, a walking path that leads to the river and a fishing dock. The five-level development also offers two elevators for easy accessibility and a large community room for numerous planned group activities.

“Renaissance Corp. was created six years ago with the mission to bridge the gap in affordable housing for South Mississippi, so the opportunity to partner with the Mississippi Development Authority and the city of D’Iberville to bring Riverside to fruition was truly an extension of our organization’s founding mission,” said Kimberly LaRosa, president and CEO of Gulf Coast Renaissance Corp. “And this community shows what affordable housing can be, particularly when you mix private and public funds: It’s a safe, extremely attractive development that offers incredible features and amenities to its residents.

And it is designed to be an asset to the Gulf Coast. It is definitely a viable investment for Mississippi that also happens to offer a sustainable solution for senior housing.”

Individuals interested in learning more about living at Riverside, can visit www.Riverside.ms, or call the on-site property manager at 229-396-2722.

Gulf Coast Renaissance Corp., founded in 2007 by several Mississippi business leaders in the wake of Hurricane Katrina’s devastation, is a nonprofit community development financial institution focused on developing communities which provide safe, quality housing solutions and economic opportunities. For more information about Renaissance, please go to www.msgcrc.com, like us on Facebook at facebook.com/gulfcoastrenaissancecorp or call 228-896-3386.

 

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