The Shelter Group

Moderate Income Housing for Seniors. A loan for Park View at Cheltenham helped to build a new 74-unit apartment building for seniors with moderate income in Elkins Park, Montgomery County, PA. The property is owned and managed by The Shelter Group, a national real estate development and property management company specializing in multi-family and senior living rental communities. The Park View communities were begun in 1989 to serve seniors whose income is too high to permit government assistance but too low to support entry into many conventional retirement centers. Typically, Park View communities comprise 100 units in a three-story mid-rise building and serve people whose income is less than 60 percent of median income within the region.