After a little more than 13 years, an affordable assisted living center in Knoxville’s Fourth and Gill neighborhood is closing its doors to its 45 senior residents.
Renaissance Terrace, operated by Senior Citizens Home Assistance Service, will shut down April 15. The center is closing because of what management says “funding decisions by the TENNCare CHOICES program.”
The assisted living facility has offered care for seniors at an affordable rate since 2008.
Tim Howell, CEO of Senior Citizens Home Assistance Service, said the facility is losing $30,000 a month.
“The board and I are saddened to take this step, but the current financial situation is unsustainable. We are going to do everything in our power to help the residents find care at other facilities,” Howell wrote in a press release.
“It is sad because Renaissance Terrace is a high quality facility and a very affordable option for community’s seniors,” he said.
The release said the money it receives from the state does not cover the costs of serving its residents. Increasing labor costs have wors
The tower has 24 furnished rooms on two floors, each with a private bath. Two rooms are slightly larger to accommodate couples.
Since 1970, Senior Citizens Home Assistance Service has provided in-home caregiving on an income-based sliding price scale to residents of Knox and surrounding counties. The nonprofit also operates Cedar Point Living, a HUD Section 811 subsidized housing complex located in Tazewell, Tennessee.