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Regions Affordable Housing celebrates the grand opening of The Pearl Apartments in Jackson, Mississippi, an innovative approach to affordable senior housing. The project, a collaboration between Pearl Street Community Development and Gulf Coast Housing Partnership (GCHP), transformed the former Jackson Southwest Hotel into 76 one- and two-bedroom apartments for income-restricted individuals primarily ages 55 and over.

The Pearl is a GCHP Health + Housing Community, offering residents access to an onsite community health center and a community health worker. The Regions Foundation provided $500,000 for GCHP Health + Housing projects across the Gulf Coast, while Regions Affordable Housing supported the redevelopment project. The development addresses multiple challenges, including blight reduction, affordable housing creation, and providing health services for seniors.

Regions Affordable Housing festeggia l'apertura ufficiale di The Pearl Apartments a Jackson, Mississippi, un approccio innovativo all'abitazione sostenibile per anziani. Il progetto, frutto di una collaborazione tra Pearl Street Community Development e Gulf Coast Housing Partnership (GCHP), ha trasformato il precedente Jackson Southwest Hotel in 76 appartamenti con una e due camere da letto per persone con reddito limitato, principalmente di età pari o superiore ai 55 anni.

The Pearl è una GCHP Health + Housing Community, che offre ai residenti l'accesso a un centro sanitario comunitario in loco e a un operatore sanitario comunitario. La Regions Foundation ha fornito 500.000 dollari per i progetti GCHP Health + Housing in tutto il Gulf Coast, mentre Regions Affordable Housing ha sostenuto il progetto di riqualificazione. Lo sviluppo affronta diverse sfide, tra cui la riduzione del degrado, la creazione di alloggi a prezzo accessibile e la fornitura di servizi sanitari per gli anziani.

Regions Affordable Housing celebra la gran apertura de The Pearl Apartments en Jackson, Mississippi, un enfoque innovador para la vivienda asequible para personas mayores. El proyecto, una colaboración entre Pearl Street Community Development y Gulf Coast Housing Partnership (GCHP), transformó el antiguo Jackson Southwest Hotel en 76 apartamentos de una y dos habitaciones para individuos con ingresos restringidos, principalmente de 55 años o más.

The Pearl es una GCHP Health + Housing Community, que ofrece a los residentes acceso a un centro de salud comunitario en el lugar y a un trabajador de salud comunitario. La Regions Foundation proporcionó 500,000 dólares para los proyectos GCHP Health + Housing a lo largo del Gulf Coast, mientras que Regions Affordable Housing apoyó el proyecto de reurbanización. El desarrollo aborda múltiples desafíos, incluida la reducción del deterioro, la creación de vivienda asequible y la provisión de servicios de salud para personas mayores.

Regions Affordable Housing는 미시시피주 잭슨에 위치한 The Pearl Apartments의 개관을 축하합니다. 이는 노인을 위한 저렴한 주택에 대한 혁신적인 접근 방식입니다. Pearl Street Community Development와 Gulf Coast Housing Partnership (GCHP) 간의 협력으로, 이전 잭슨 사우스웨스트 호텔이 76개의 1베드룸 및 2베드룸 아파트로 탈바꿈했습니다. 이 아파트는 주로 55세 이상 소득 제한이 있는 사람들을 위한 것입니다.

The Pearl은 GCHP Health + Housing Community로, 거주자들에게 현장 커뮤니티 건강 센터와 커뮤니티 건강 관리사에 대한 접근을 제공합니다. Regions Foundation은 Gulf Coast 전역의 GCHP Health + Housing 프로젝트에 500,000달러를 지원했으며, Regions Affordable Housing는 재개발 프로젝트를 지원했습니다. 이 개발은 낙후 지역 개선, 저렴한 주택 창출, 노인을 위한 건강 서비스 제공 등 여러 가지 문제를 해결합니다.

Regions Affordable Housing célèbre l'inauguration de The Pearl Apartments à Jackson, Mississippi, une approche innovante du logement abordable pour les seniors. Le projet, fruit d'une collaboration entre Pearl Street Community Development et Gulf Coast Housing Partnership (GCHP), a transformé l'ancien Jackson Southwest Hotel en 76 appartements d'une et deux chambres pour des personnes à revenu limité, principalement âgées de 55 ans et plus.

The Pearl est une GCHP Health + Housing Community, offrant aux résidents un accès à un centre de santé communautaire sur place et à un travailleur de santé communautaire. La Regions Foundation a accordé 500 000 dollars pour les projets GCHP Health + Housing à travers le Gulf Coast, tandis que Regions Affordable Housing a soutenu le projet de réaménagement. Ce développement répond à plusieurs défis, y compris la réduction de la dégradation, la création de logements abordables et la fourniture de services de santé pour les personnes âgées.

Regions Affordable Housing feiert die feierliche Eröffnung von The Pearl Apartments in Jackson, Mississippi, einem innovativen Ansatz für erschwinglichen senioren Wohnraum. Das Projekt, eine Zusammenarbeit zwischen Pearl Street Community Development und Gulf Coast Housing Partnership (GCHP), hat das ehemalige Jackson Southwest Hotel in 76 Ein- und Zweizimmerwohnungen für einkommensbeschränkte Personen, hauptsächlich ab 55 Jahren, umgewandelt.

The Pearl ist eine GCHP Health + Housing Community, die den Bewohnern den Zugang zu einem vor Ort befindlichen Gesundheitszentrum und einem Gesundheitsarbeiter bietet. Die Regions Foundation stellte 500.000 Dollar für GCHP Health + Housing Projekte entlang des Golfküste zur Verfügung, während Regions Affordable Housing das Entwicklungsprojekt unterstützte. Die Entwicklung geht mehrere Herausforderungen an, darunter die Reduzierung von Brachflächen, die Schaffung von bezahlbarem Wohnraum und die Bereitstellung von Gesundheitsdiensten für Senioren.

Positive
  • Redevelopment of abandoned building into 76 affordable housing units for seniors
  • Onsite community health center and health worker services for residents
  • $500,000 investment from Regions Foundation for GCHP Health + Housing projects
  • Regions Affordable Housing provided syndication and sponsorship services for the project
Negative
  • None.

Regions Affordable Housing celebrates the grand opening of innovative approach to affordable senior housing in Jackson, Mississippi.

NORTHAMPTON, MA / ACCESSWIRE / October 8, 2024 / Regions Bank
By Dana Obrist

Safe and affordable housing is imperative, especially in a city where approximately one-quarter of the population lives below the poverty line.

In Jackson, Mississippi, Pearl Street Community Development Corporation (Pearl Street CDC) and Gulf Coast Housing Partnership, Inc. (GCHP) are working together to meet the health, wellness and housing needs of the low-income senior population who may be especially vulnerable.

In 2022 Pearl Street CDC and GCHP began the 21-month historic rehabilitation and complete redevelopment of the former Jackson Southwest Hotel into The Pearl Apartments.

With 76 one- and two-bedroom apartments for income-restricted individuals primarily ages 55 and over, The Pearl is conveniently situated just minutes from Interstate 20, offering easy access to grocery stores, public transportation and modern onsite amenities such as a fitness center and a computer room for residents.

The Pearl is a GCHP Health + Housing Community, which aims to improve residents' overall health through building design and convenient access to healthcare services. Residents of The Pearl have access to an onsite community health center operated by Jackson-Hinds Comprehensive Health Center. They also have free access to a community health worker who can assist with coordinating medical service, provide appointment and medication reminders, and help connect residents to other health and social services.

"GCHP's mission to create affordable housing and stronger communities throughout the Gulf Coast is only possible through our partnerships," said Kathy Laborde, GCHP president and CEO. "We are thankful for Regions Bank's investment in The Pearl, which will have a lasting and positive impact on the residents of Jackson."

The Regions Foundation provided $500,000 for GCHP Health + Housing projects across the Gulf Coast, while Regions Affordable Housing provided syndication and sponsorship services in support of The Pearl Apartments redevelopment project.

"The Pearl addresses multiple challenges at once," said Marta Self, executive director of the Regions Foundation. "GCHP is tackling blight by revitalizing an abandoned building, and creating safe and affordable housing by leveraging public and private funding sources. And the focus on seniors and onsite health services is a great example of how we can foster inclusive and sustainable community prosperity."

"Regions Bank is honored to be part of a project that reaches beyond just brick and mortar to truly invest in the well-being of the seniors within the Pearl community," said Rachel Thomas-Phillips, Regions Affordable Housing relationship manager in Jackson. "The development of this project is a celebration of what can be achieved when financial resources are combined with the deep commitment of a community."

An official ribbon-cutting event was held at The Pearl in August 2024.

"Regions Bank is proud to be part of the reimagining of this highly visible property in Jackson," said John Howie, Regions Jackson Market Executive and Middle Market Banking leader shared during the event.

About Regions Foundation

Regions Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.

View additional multimedia and more ESG storytelling from Regions Bank on 3blmedia.com.

Contact Info:
Spokesperson: Regions Bank
Website: https://www.3blmedia.com/profiles/regions-bank
Email: info@3blmedia.com

SOURCE: Regions Bank



View the original press release on accesswire.com

FAQ

What is The Pearl Apartments project in Jackson, Mississippi?

The Pearl Apartments is an affordable senior housing project in Jackson, Mississippi, developed by Pearl Street CDC and Gulf Coast Housing Partnership. It transformed the former Jackson Southwest Hotel into 76 one- and two-bedroom apartments for income-restricted individuals primarily ages 55 and over.

How is Regions Bank (RF) involved in The Pearl Apartments project?

Regions Bank, through its Regions Foundation, provided $500,000 for GCHP Health + Housing projects. Additionally, Regions Affordable Housing offered syndication and sponsorship services for The Pearl Apartments redevelopment project.

What healthcare services are available at The Pearl Apartments?

The Pearl Apartments offers residents access to an onsite community health center operated by Jackson-Hinds Comprehensive Health Center and a free community health worker who assists with coordinating medical services, provides appointment and medication reminders, and connects residents to health and social services.

When was the ribbon-cutting event for The Pearl Apartments held?

The official ribbon-cutting event for The Pearl Apartments was held in August 2024.

Regions Financial Corp.

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