LSSI Sells Downtown Rockford Affordable Senior Housing Complex; Missouri-Based House of David Preservation to Own, Manage Luther Center
Lutheran Social Services of Illinois (LSSI) today announced the sale of Luther Center, its 200-unit affordable senior housing apartment building located in downtown Rockford, to House of David Preservation, a Missouri-based affordable housing nonprofit. The building's sale will be finalized April 27. No residents will be displaced by the sale of the building and current employees will be retained.
House of David Preservation, based in Kansas City, Missouri, is a nonprofit organization dedicated to high-quality and safe housing for low-income seniors, families, and persons with disabilities. The organization owns 49 properties throughout the United States, including six in Illinois.
After thorough examination of future needs and available capital for those projects, LSSI decided it was in the best interest of the residents to sell the building to an organization who could take on that commitment of long-term maintenance and upgrades to the 30-year-old building.
"House of David Preservation is strongly positioned to provide the resources and expertise that is needed for Luther Center to maintain high-quality in the property and services. Most importantly, the residents will be well-served by the organization," said Mark A. Stutrud, LSSI President and CEO. "They have a reputation for well-managed and well-maintained housing, as well as a demonstrated commitment to their tenants. This is reflective of LSSI’s own mission of bringing healing, justice, and wholeness to people and communities."
"House of David Preservation looks forward to continuing the affordability and preservation of Luther Center for the comfort of its residents, and has plans for major upgrades to the building within the 12 months following our purchase of the building," said Israel Wilhelm, President of House of David Preservation. "We are renewing the Housing Assistance Payments Contract with the U.S. Department of Housing and Urban Development, which will secure the affordability of Luther Center for its residents. Also, working closely with LSSI, we are pleased to announce that the Illinois Department on Aging has agreed to continue to fund the assisted living program at Luther Center and remains committed to this important housing option at Luther Center."
LSSI continues to provide other services in Rockford, including a regional office that provides foster care services in the region, the RSVP (Retired Senior Volunteer Program) in Winnebago and Boone Counties, and Spring Ridge, an affordable senior apartment building on Rockford's east side. In addition to Spring Ridge, LSSI offers low-income apartment style housing for older adults and people over the age of 18 with disabilities at 19 other developments throughout Illinois.
About Lutheran Social Services of Illinois
Serving Illinois since 1867, Lutheran Social Services of Illinois (LSSI) is a nonprofit social service organization of the three Illinois synods of the Evangelical Lutheran Church in America (ELCA). LSSI is the largest statewide social service provider, serving nearly 70,000 people across Illinois last year. The organization provides critical programs for Illinois residents including foster care, early childhood education, mental health services, alcohol and drug treatment, affordable senior housing, residential programs for people with developmental disabilities, and programs that help formerly incarcerated individuals integrate back into society.
About House of David Preservation, Inc.
House of David Preservation, Inc. is a nonprofit organization dedicated to enhancing the quality of life for low-income elderly, families and the disabled by providing high quality and safe housing. House of David works to improve the economic well-being of its residents, transforming neighborhoods and enhancing lives. The organization works to improve and enhance neighborhoods and communities to allow for seniors and vulnerable populations to live and thrive. Believing that housing is the most central of all basic needs and the bedrock of all human development, House of David goes to great lengths to ensure that its residents have a safe, dignified, and enriching place to call home.