2008 MFE Awards
Merit: Senior

Submitted by: Riverstone Residential Group Homeless elderly were taken directly off the street and given a home at Prosperity Creek Senior Apartments, a 168-unit senior project in Charlotte, N.C., built by Wood Partners and managed by Riverstone Residential Group.

The 100 percent tax credit-funded project provides a home for seniors earning at or below 30 percent of area median income, many of whom were on affordable housing wait lists and paying more than 80 percent of their income towards rent for units in market-rate housing.

Prosperity Creek features outdoor social gathering spaces, private offices to confer with financial planners and health care providers, a 24-hour fitness room, a library and games room, and a state-of-the-art technology and computer center.