The Federal Home Loan Bank of Dallas issued the following statement.
Credit: WLBT |
Trustmark National Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) grant to help Gulf Coast Housing Partnership (GCHP) convert a historic Holiday Inn in southwest Jackson, Mississippi, into a 75-unit affordable development for low-income seniors.
The development, which will be known as the Pearl Senior Living Community, consists of three two-story buildings, and two three-story buildings surrounding a courtyard, which will be converted into 53 one-bedroom apartments and 23 two-bedroom units, along with a manager’s unit and a health care clinic.
This project is part of GCHP’s innovative Health + Housing initiative.
“The Pearl Senior Living Community project is part of our Health + Housing concept, through which we and Medicare Managed Care Organizations will provide quality, affordable housing and access to health care in the same development,” said GCHP President and CEO Kathy Laborde. “We are grateful for the continued partnership with Trustmark National Bank and FHLB Dallas. Their grant will help GCHP further its mission to increase the availability of quality affordable housing in our communities.”
The estimated construction start date is April 2021. The $14.5 million project is expected to be completed in June 2022.
Credit: WLBT |
“The Pearl Senior Living Center is an innovative approach to meeting two critical needs of senior citizens in Jackson,” said Trustmark’s Community Bank President Bernard Bridges. “We are pleased to join with the Federal Home Loan Bank of Dallas to support this Gulf Coast Housing Partnership project that will provide quality, low-cost rental housing for seniors and access to health care right on the property.”
AHP funds are intended to assist FHLB Dallas member financial institutions in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing, as well as housing for homeless individuals in their community. AHP funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.
Since the AHP's inception in 1990, FHLB Dallas has awarded more than $300 million in AHP and AHP set-aside program grants and has assisted more than 53,500 households.
“This $750,000 grant will help Gulf Coast Housing Partnership convert this historic hotel that has stood empty since 2005,” said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. “It’s a great use for this property, and we were pleased to join with Trustmark National Bank to help make it possible.”
For more information about the AHP, visit fhlb.com/ahp.
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44 comments:
This will be great if they can pull it off. Once build they better have 7-24 a day security to protect the seniors from the young thug wolfpacks roaming the streets of Jackson. Just saying.
Sorry, while I appreciate this offer, but what can be done with a $750,000 Affordable Housing Program (AHP) grant for a place of that size?
The biggest thing to happen on Highway 80 since the Metrocenter. It won't bring things back to the glory days but it will help. The city must be committed to security though.
now thats a good use of $. they actually get it right sometimes
FHLB Dallas DOES know where this property is located, correct?
The $750,000 is just for security.
10:24- assess the asbestos and lead paint? Perhaps dispose of hazardous materials? Bribe the city inspectors?
taxpayer dollars down a rathole
The article says its a $14.5 million project, not a $750k project. The $750k is a grant. I'll give credit to somebody, they will have a guaranteed income stream to service the debt. Things like this don't get done without a lot of connections and a lot of string pulling, but glad to see that eyesore fixed up.
As for crime, there won't be much of anything to steal. And the tenants will be there 24/7, its not like they leave for work all day and come home to break-ins.
Actually, this is great. Motels of that era, still had MASONRY WALLS, and CONCRETE BETWEEN FLOORS. This is huge, both to contain noise, and to stop the spread of fires. The buildings, for that reason, are worth rehabbing.
Let's see, 25 years ago, this place was already so bad that they had an incident during the NRA National Police Shooting Championships.
Despite that shooting competition being listed on the marquee, two thugs strolled up to a cop in the parking lot, as the police pistol champions gathered at close of business. 5 pm. Broad daylight.
Stick 'em up!
Cop shoot one stone cold dead, and the other rose about 3 feet off the ground, levitated momentarily, and then shot off like a Poseidon missile into the hood.
And THIS is a good place for an old folks home? This couldn't possibly be more taxpayer money down the drain, to the benefit of a 'non profit' bidnessman, eh?
I hope my kids don't read about this and try to put me in there some day for punishment.
10:59
These type places are the perfect place to store you boomers. The social ills we suffer today are because you boomers were the antifa of 1959 to 1975.
When the thugs run up to play knockout game, you should congratulate them and inform them that you proudly supported for their rights to never fear violent racist reprisals for antisocial behaviors!
So where are the homeless that reside at the location going to go?
10:59, don't worry about your kids putting you in a place like that. According to our distinguished Professors on this site, you and I, sorry not me as I've already been infected, will be long time dead from the only real problem on this rock, COVID.
" ...and the other rose about 3 feet off the ground, levitated momentarily, and then shot off like a Poseidon missile into the hood."
Now THAT is how you paint a picture with words!
Ok, this is embarrassing for one who considers himself an "expert' on all things Jackson, but for the life of me I CANNOT picture exactly where place is. I can "see" several motels in this general area, but don't remember this one specifically among them. Help?
Converting old hotels into Senior apartments has become a very lucrative business on the construction end
Those Federal dollars are guaranteed payment for the contractors
Now if the Hunt Club can make a comeback in the era of generic Cialis..
Hope there is enough in the budget to build machine gun fortified towers on the corners for security. Absolute necessity in that area!
Too bad that area is two or three generations down the shitter
Heck they can't do no worse than the welfare money Phil let his friends steal.
Even bad neighborhoods have old people that need housing and care, and kids who want to help them but can't afford St Catharines.
@11:24 - Are you paid in rubles, yuans or rials for your trolling?
"These type places are the perfect place to store you boomers. The social ills we suffer today are because you boomers were the antifa of 1959 to 1975.
When the thugs run up to play knockout game, you should congratulate them and inform them that you proudly supported for their rights to never fear violent racist reprisals for antisocial behaviors!"
October 16, 2020 at 11:24 AM
Are you being PAID to post this? Or are you the victim of the current disinformation campaign against "Boomers"? Who filled your head with this ridiculous drivel (assuming you actually believe it)?
For starters, the Holiday Inn project, being in Hinds County, and in Southwest Jackson, will be populated ENTIRELY by African Americans. Specifically, the population will consist of the poorer subset of Jackson's African Americans - people without fat pensions from teaching or coaching - people who've struggled for their entire lives - people who did NOT attend college, and did NOT have time or inclination for political activism. These will NOT be the retired doctors and professors who've lived, for decades, in estate homes on Hanging Moss Road. These will NOT be the retired African American professionals, whose children are doctors and lawyers living in Bridgewater and Reunion (since you're an obvious out-of-state poster, I should explain that those are gated/guarded enclaves in Madison County).
The repurposed Holiday Inn's residents will NOT be from among the crowd of future community leaders who attended cookouts at the Rubinsteins' (http://kingfish1935.blogspot.com/2016/03/remembering-good-times.html) A FEW of those youngsters MAY have been activists. But mostly, they were just wearing the fashions of the day, hanging-out at a party, hoping to fit-in, and hopefully get laid.
I'm from Generation X, but the "Boomers" I know, absolutely detested the Pop Culture that Big Media attempted to shove down their throats. They HATED media's attempts to characterize them as radical druggie freaks. They WERE (and are) REBELS - but NOT in the ways Big Media said/says.
First, they rebelled against the words Media tried to put in their mouths. "We don't say, 'Groovy'. Do you?" (someone described his 13-year-old cousin, getting off a plane from South Carolina, on a Greenville, Mississippi runway). And upon hearing on TV, "The young people say 'Never trust anybody over 30", young Americans generally responded with, "Actually, I don't trust anybody UNDER 30!"
"Boomers" rebelled against smoking. They rebelled against booze. They're currently rebelling against sugar/carbs/The Food Pyramid. They're currently rebelling against Big Pharma/Big Medicine/Big Media (all this, may explain why powerful interests want to disenfranchise/marginalize/discredit/dispossess/destroy them) They've rebelled - en-masse - against Big Religion. And they've rebelled against the Left Wing AND the Right Wing - against establishment Democrats AND Republicans.
We owe "Boomers" more than you seem to know.
By the way, they've only recently come into power, as individuals. The biggest destroyers of personal accountability, Lyndon Johnson and the Kennedys, were NOT "Boomers". Pelosi and Biden are NOT "Boomers". Allen Ginsberg, and his druggie/hustler buddy, Jack Kerouac, were NOT "Boomers". John Lennon was NOT a "Boomer".
The best summation of the REAL "Boomer" mindset, comes from a late "Boomer", of the 'Generation Jones' generational subset: "I didn't want any of that stupid Hippie Volkswagen shit! I just wanted a fine, brick, two-storey Mansard-roofed house on Bayou Road, with a pair of cast-iron winged griffons flanking the front walk - and his & hers Fleetwood Broughams in the garage - one in Chocolate Brown, and one in Charcoal Grey."
The article says its a "historic Holiday Inn" What makes it historic? Did I miss something?
10:46 - batting 100. Hit all the softballs and spitballs thrown by the commentators that either (1) can't read, or (2) only want to (anonymously) bitch about something that they know little of..
@ 12:39, that former hotel is on the south side of Hwy 80 as you head east bound toward the Ellis Avenue intersection. It's in between the old Sonny's BBQ restaurant and Ellis Ave. It sits up on a hill and backs up to I-20.
Louis LeFleur,
South side of Hwy 80 just west of Ellis Ave.
https://www.google.com/maps/@32.2926838,-90.2306012,3a,75y,194.58h,87.29t/data=!3m6!1e1!3m4!1sclGnaxXyAnaPaXsOEdtGiw!2e0!7i13312!8i6656?hl=en
Who remembers the vibrating beds in some of the old Holiday Inns and other midrange hotels going back to the sixties.
...that former hotel is on the south side of Hwy 80 as you head east bound toward the Ellis Avenue intersection.
They had a great Thanksgiving and Christmas buffet.....but, alas, that was a few year back as the old folks would say.
This is great. Seniors need more affordable housing. The health clinic is certainly a bonus.
I'll believe this pipe dream when I see Mister Mayor cut the ribbon at the grand reopening.
It's all smoke and mirrors. That $750,000 will vaporize as "overhead" or "consulting."
Only a fool would invest that kind of money in Jackson.
How much does a double row of 20 foot high electrified chain link fence topped with concertina go for a running foot these days? As others have said, this is probably a much-needed facility but if a noticeable percentage of the budget will be needed to make it safe (while making it look like county holding facility), is this the best location to spend the money on such a project? If this comes to pass, hopefully it will be able to fulfill its mission and idea.
@2:47,
This 67 year old boomer would love to meet you for a cold beer or cocktail of your choice. I was about to compose a response to the poster that dislikes us boomers, but you did it for me. Great composition!
Thank You!
Hey 2:47
Your response reminds me of the saying, “you can’t teach a pig to sing. All it does is waste your time and aggravate the pig.”
You aren’t going to change his mind. You put way too much effort into that response.
Lighten up Francis.
This will be a great development for the senior citizen due to there is a lack housing for them. Also it will add life to an eyesore.
My wife and I spent the first night of our honeymoon there in 1970. Continued on to Panama City Beach for a week. Service station at the bottom of the hill charged me ten whole dollars to clean my car, vacuum the garlic powder out of the carpet, and get as many of the 100 crickets, my friends put in it, as they could!!!
Will the grant fund the gun towers and M-60s?
Great News. I hope it brings back Sonny's BBQ and Catfish Cabin. I'm a bit nostalgic.
Oh COURSE that's where it was. I can see it now. Had a mental block. Was tryingt to put it closer to Metrocenter. Thanks for jogging my memory.
House of Wong FOREVER
House of Wong FOREVER
Absolutely !
I loved that place.
Even the ruins of the motel in question, still had a half way decent happy hour in the mid 80's.
Bear Bryant and his Bama teams stayed there a few times when playing Ole Miss or MSU in Jackson.
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