Sponsor Type
Foundation
Country
United States
Grant Type
Equipment/Facility/Organization
 Contact Info
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Last modified on 2023-12-23 20:03:03
Description
Mission To promote an enhanced quality of life for senior adults residing in Northern California, by supporting nonprofit organizations engaged in promoting the health, independence and social interaction of seniors. About the Foundation The Bethlehem Foundation was created on September 16, 2013, to be funded with proceeds from the sale of 801 Tupper Street, a 159-unit apartment building located in Santa Rosa, California. The building was known as the Bethlehem Towers, a high-rise apartment community serving low- to very low-income seniors. Bethlehem Towers opened its doors in 1972 and was managed by a volunteer Board of Directors for 40 years. When the 40-year HUD loan that financed the community was paid off, the Board was approached by Reiner Communities, a firm that acquires and manages multifamily affordable housing properties, which agreed to complete an extensive renovation and extend the affordability of the project for an additional 55 years. The Board of Directors of Bethlehem Towers, Inc. saw this as a win-win situation. The housing for low-income seniors could remain in place, and proceeds from the sale could fund this new foundation dedicated to promoting an enhanced quality of life for senior adults residing in Northern California.
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**Mission** To promote an enhanced quality of life for senior adults residing in Northern...
Added on 2016-09-19T05:04:12Z
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