ASL Closes $25.18M Deal to Revitalize Three Alabama Communities

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ASL Closes $25.18M Deal to Revitalize Three Alabama Communities

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AHEPA Senior Living (ASL) is pleased to announce the closing of a $25.18 million RAD for PRAC conversion to rehabilitate and preserve three properties in Mobile, Alabama.

It is ASL’s first closing under HUD’s new RAD for PRAC conversion, a process that allows a nonprofit to rehabilitate an affordable senior housing community for the long term. The deal closed on Aug. 3, 2023. read more

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