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VCC Success Story: Riverside PACE Center at MacTavish

3/20/2013

Historic Building Houses Day Services for Seniors

“Our heart and passion is keeping people in their homes and in the community.” 
                                                                            Emily Osl, PACE Site Director

 

PACE Elder CareThe mission of Riverside PACE (Program of All-Inclusive Care for the Elderly) is to enhance life for frail older adults by providing compassionate, quality care and services. The organization, part of the Riverside Health System, strives to achieve this mission by empowering participants to live in their homes and in the community as they age.

Like many of its clients, the Riverside PACE facility in Richmond, Virginia, has a long, rich history. Constructed in 1940, the structure was named the Cavalier Arena and was a popular community and special events venue located in the part of town known as Scott’s Addition. The 1947 United States National Roller Skating Championships were held here.

The PACE interdisciplinary team provides comprehensive services to area senior citizens while encouraging a self-directed approach for participants and their families. Riverside PACE clients enjoy a range of services including daily therapeutic and spiritual programming, nutritional support, and social opportunities for peer engagement. Physical therapy and medical assistance is provided in addition to 24-hour clinical support. Transportation services ease access to and from the center, outings, and medical appointments daily.

 

VCC participation and funding details:

  • VCC provided permanent project funding.
  • Federal and State Historic Tax Credits along with New Markets Tax Credits were used to support completion.
  • The project is in a designated Enterprise Zone and a Richmond Historic District.

 

To download a printable PDF of this success story, click here.

 

 

About Virginia Community Capital:
With offices in Christiansburg and Richmond, Virginia Community Capital (VCC) is dedicated to the prospect of building wealth for all through our lending, savings, and advisory services. As a community development financial institution (CDFI), our mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs, and encourage sustainable communities. In partnership with our for-profit bank, Community Capital Bank of Virginia (CCB), the non-profit VCC offers loan capital broader and more flexible than bank lending in low- to moderate-income communities in underserved geographies and markets. Learn more at  vacommunitycapital.org.