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FOR IMMEDIATE RELEASE
July 6, 2006

PARK VIEW AT SOUTH PANTOPS OPENS LEASING OFFICE

90-Unit Affordable Senior Housing Community in Charlottesville Now Leasing

Baltimore, MD—The Shelter Group officially announced that on Tuesday, June 27, 2006 the on-site leasing office will open for the 90 apartments in Park View at South Pantops, located at 210 South Pantops Drive in Charlottesville, Virginia. The community is expected to be ready to receive its first residents September 1, 2006. Park View at South Pantops is located on approximately 4.5 acres and is the result of a collaboration between Shelter Development, LLC and the Jefferson Area Board of Aging (JABA).

According to Susan Coiner Rooke, Property Manager for the community, to be eligible for an apartment, one must be 62 years of age or older with an annual income from all sources that does not exceed $28,020 for a single person and $32,040 for a couple. “There has been tremendous interest in this community, and we urge anyone who is interested in reserving an apartment to call as soon as possible to ensure that they can choose their favorite floor plan and location within the building,” said Rooke. Those who are interested in an apartment can call 434-923-0200 to request an application.

Park View at South Pantops is a four-story building with elevator, containing 54 one-bedroom and 36 two-bedroom. The units feature fully-equipped kitchens, 24-hour centrally monitored emergency pull cords, wiring for cable television and telephone, a tenant controlled lobby entrance system, and individually controlled and metered utilities. Interior amenities include a large community room with warming kitchen, TV lounge, exercise room, beauty/barber salon, activity room, library/computer area, and laundry room. The community has its own van for transportation to nearby shops and professional offices.

Park View at South Pantops is designed specifically for and restricted to individuals 62 and older. The community’s features, amenities and the social and recreational programming are all designed to meet the lifestyle needs of seniors. Resident services will be provided by the Jefferson Area Board of Aging.

Park View at South Pantops is the result of a collaboration between Shelter Development, LLC and JABA. The community will provide seniors aged 62 and older with an affordable quality housing option thanks to the lower financing costs resulting from the award and subsequent sale of low income housing tax credits by the Virginia Housing Development Authority, an enthusiastic advocate of this project.

Shelter is a national leader in the development of affordable housing. Shelter has developed and manages 27 other Park View communities, all of which provide affordable housing for income-qualified seniors as well as activities and programs that enhance independence and a full life. For more information on Shelter, visit www.sheltergrp.com.

JABA is a leader within the Commonwealth of Virginia in providing innovative services, programs, and housing solutions to seniors. Founded in 1975, JABA is a not for profit Area Agency on Aging providing the care, planning and services essential for persons to remain home and stay active and productive. JABA’s mission is to add dignity, security, independence and fulfillment to the lives of older adults and their families. For more information on JABA, visit www.jabacares.org.

For more information about Park View at South Pantops, call 434-923-0200.


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