NEW YORK: The twenty-sixth entry for the seniors housing Global Awards 2016 has been received.
The “Summit Club” project will feature 584 one- and two-bedroom multigenerational apartment units, 117 of which will be allocated as workforce housing for tenants who make 50 percent or less of the median income in Reno. The median household income in the area is $44,426 according to the Center for regional Studies at the University of Nevada, Reno. Per capita or individual income is at $25,663. Housing distribution for the Summit Club uses what’s known as an 80/20 concept seen in many large metro areas where 20 percent of a property is set aside as affordable housing while the rest is reserved for regular tenants.
