RomWeber II apartments offer assisted living options
Saturday, April 15, 2017
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Following the success of Batesville’s two-year-old RomWeber Flats development, Bruce and Mary Ellen Rippe, Batesville, and his father and brother, Joe and Mark, have opened RomWeber II, which offers 30 one- and two-bedroom apartments for seniors, bringing the total number of units to 84. Its address is 123 S. Depot St., Batesville.
Amenities will be shared with RomWeber I and will include an interior courtyard and assisted living options.
To better serve the needs of Indiana’s aging population, RomWeber leaders have joined in partnership with Cincinnati-based Nursing Care Management to offer assisted living options on the RomWeber campus. Assisted Living at RomWeber Flats is the first facility of its kind in the state of Indiana.
“The ability for Hoosiers to maintain their independence into their golden years is a valuable asset to any community,” said Jacob Sipe, Indiana Housing and Community Development Authority executive director. “The addition of assisted living options in the RomWeber Flats development will enhance the lives of elderly citizens in Batesville, reducing isolation and limiting the cost of care.”
“RomWeber II also reduces the cost to the state for assistance by almost $10,000 per resident per month for those who choose this service. The project has the potential to save Indiana in excess of $1 million a year,” according to a news release.
This innovative approach will allow residents to age in place and live independently, using a combination of affordable housing and Medicaid waivers to offset the cost of care. “This unique combination of programs will make assisted living available to Hoosiers who would traditionally reside in nursing homes due to the lack of availability of assisted living,” noted Mike Scharfenberger, Nursing Care Management owner.
Charles Anderson, senior vice president of City Real Estate Advisors, the Tax Credit Syndicator, commented, “RomWeber Flats is a perfect example of a successful public/private enterprise. The benefits to the residents ... are countless and the redevelopment that has occurred in the downtown Batesville market as a result of this development is truly remarkable. This property symbolizes what should come to all of our minds when we hear the words ‘affordable housing.’”
Funding for this project was arranged by Fifth Third Bank Community Development Corp., Salin Bank and Trust, FCN Bank, Indiana Housing and Community Development Authority, City Real Estate Advisors and Indiana Economic Development Commission.
With the addition of RomWeber II, the total investment on the RomWeber campus is now close to $17 million. This project has created 22 full-time jobs and added three new businesses in downtown Batesville, a highly desirable community for senior living due to its proximity to Margaret Mary Health. Batesville also has the distinction of being one of the most walkable communities in the United States with a low crime rate and low cost of living, the news release stated.
Romweber Flats is a 55 and over community with outstanding amenities, including a movie room, beauty salon, library, tenant storage facility, community areas and Big Four Café. Located in the former manufacturing headquarters of RomWeber Furniture Co., which dates from 1876, the RomWeber buildings are in downtown Batesville’s historic district. Bruce Rippe received a Rosemary Prentice Award recognizing high-quality restoration in 2013 from Indiana Landmarks.
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