Laserfiche WebLink
235 <br /> <br />Windham. Stonehaus Development CorpCration has an option to purchase the building <br />with or without the adult care residents, but they have committed to operate it as an <br />assisted living facility for at least 10 years' on the condition that the mix of residents can <br />be changed to include more private pay residents. The capacity is proposed to be reduced <br />to 115, but residents from Albemarle County and Charlottesville would not be affected by <br />this reduction. A subsidy of $148,000 is being requested from the City to be available <br />during the three-year transition period to more private pay residents. If the facility is <br />forced to close after three years, it will be converted to rental property for low and <br />moderate income persons, or into condominiums, and any remaining subsidy would be <br />returned to the City and County. Ms. Peacock said that further details remain to be <br />worked out. <br /> <br /> Mr. Gordon Walker, Executive Director of JABA, said he appreciates the work by <br />City and County staffs to try to f'md a solution to prevent Windham from closing. <br /> <br /> Ms. Richards said she thinks the success of the project depends on the ability to <br />market to more private pay residents, and asked if the plan is to continue the mix of <br />residents. <br /> <br /> Mr. Walker said that the plan is to continue the mix, but said the mix must be <br />compatible. <br /> <br /> Mr. Lynch asked if discussions have been held with other localities in the <br />Planning District about their involvement. <br /> <br /> Mr. Walker said that while he philosophically agrees with Mr. Lynch, no <br />discussions have been held, though he is willing to pursue it. <br /> <br />Ms. Richards asked how long the facility will operate without restructuring. <br /> <br /> Mr. Frank Stoner of Stonehaus Development Corporation, said that is a difficult <br />question as the owner is in bankruptcy, but he expects it would only be a matter of <br />months. <br /> <br /> Ms. Richards asked why facilities with state auxiliary grant residents are failing, <br />and Mr. Walker said that while they receive subsidies, the subsidies are pot adequate to <br />cover the cost of the care. <br /> <br /> Mr. Toscano asked if he is correct that the plan is to phase out the auxiliary clients <br />who are not from Albemarle County and Charlottesville, and substitute private pay <br />residents, and Mr. Walker said that is correct. <br /> <br /> Mr. Toscano asked what "other" refers to on the subsidy page provided, and Ms. <br />Peacock said that is the private subsidy that JABA will have to raise. <br /> <br /> Mr. Toscano said that the data shows the deficit running until month 39, and <br />asked why it will take that long to transition to more private pay clients, and Mr. Walker <br />said there is nothing in the law that requires that it take that long, but they have chosen to <br />provide a conservative estimate of one person per month. <br /> <br /> Mr. Toscano asked why the data shows a deficit again after month 70, and Mr. <br />Leonard Loman from JABA, said that it is at that point that cost of living and operating <br />costs increase, but noted that when they get to the break even point, they will have to <br />reduce auxiliary clients, increase the amount paid by private pay clients, or a <br />combination. <br /> <br /> Mr. Walker said that the City and County subsidies will be put aside and will only <br />be drawn down as needed. <br /> <br /> Mr. Lynch asked about plans to upfit the building, and Mr. Walker said that they <br />are working with Piedmont Housing Alliance to get a $100,000 interest free loan, <br />$50,000 of which will be put immediately into the building, and the rest set aside. Mr. <br /> <br /> <br />