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ASL Closes on $23.5 Million Deal to Build Fifth Iowa Community



Washington, D.C. office

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AHEPA Senior Living (ASL), a nationwide nonprofit provider of affordable multifamily housing for older adults, is pleased to announce the closing of a $23.5 million agreement on Nov. 30, 2023, to build AHEPA 192 IV Apartments in Des Moines, Iowa, ASL President and CEO Steve Beck announced.

AHEPA 192 IV will be a three-story, 90-unit affordable senior housing community located on 4.4 acres of the old Southridge Mall site. It will be the fifth Des Moines-area affordable senior housing community managed by ASL and administered by the U.S. Department of Housing and Urban Development Section 202 program.

Pictured above: Ceremonial first shovel dig. Photo credit: Joe Crimmings Creative Media

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