ALCO Management, Inc. has worked within the Mid-South affordable housing community for decades to bring funding, renovations, and better resources to low-income communities. Their work has gone beyond their own portfolio and helped other companies get the funding and resources needed to make a difference as well.
Wesley Living has offered exceptional senior housing and assisted living services across the Mid-South for more than fifty years. Currently, Wesley Living serves over 2,200 residents in two assisted living communities and 28 senior housing communities in West Tennessee, Western Kentucky and Arkansas.
This year ALCO Management and Wesley Living partnered to bring new funding to two Mid-South senior living facilities. By working as a consultant for Wesley Living, the team at ALCO was able to secure renovation funding through the Tennessee Housing Development Agency to completely renovate St. Mary’s Manor in Jackson, TN and Wesley Pine Ridge in Paris, TN.
The highly competitive Low-Income Housing Tax Credit Program requires expertise to navigate the application process, and success has made a higher standard of living possible for hundreds of Tennessee seniors. COO and Vice President of Wesley Living, Ron Budynas, said ALCO’s specific experience in finance and development consulting for low-income housing made them the perfect partner for Wesley Living.
“We have had a great partnership with ALCO, having completed four projects with them so far. They have been nothing but stellar for us and our mission and we will continue to work with this outstanding team in the future.”
ALCO and Wesley have also recently partnered to leverage Wesley Living’s expertise in senior services. Service coordinators from Wesley Living now provide assistance to seniors at all of ALCO’s elderly housing developments . The service coordinators ensure all residents have the resources needed for everyday living. One of the popular services provided is transportation services to doctor’s appointments, pharmacy pick-ups, essential errands such as shopping for food and clothes, and other much needed help.