Piedmont Affordable Senior Housing Foundation acquisition of The Berkeley
Burke County
Summary
A nonprofit foundation is buying The Berkeley assisted living facility using tax-exempt bonds, with a county TEFRA resolution of support. The county forgoes roughly $45,000 in property tax, but 40% of beds must be Medicaid-designated, expanding affordable senior care access.
At a glance
- Total mentions
- 2
- Last 30 days
- 2
Discussed at 2 meetings in the last 60 days; most recently Oct 19, 2026.
Impact analysis
Roughly $45,000 in potential forgone property tax revenue if the nonprofit qualifies for exemption.
Seniors needing affordable assisted living, including Medicaid-eligible residents.
The county tax base loses the parcel's property tax revenue if exemption is granted.
Mentions & discussions (2)
Board of Commissioners (Regular) - Oct 19, 2026
A nonprofit foundation is buying The Berkeley assisted living facility using tax-exempt bonds, with a county TEFRA resolution of support. The county forgoes roughly $45,000 in property tax, but 40% of beds must be Medicaid-designated, expanding affordable senior care access.
Board of Commissioners Pre-Agenda Meeting - Oct 5, 2026
A nonprofit wants to buy The Berkeley assisted living facility using tax-exempt bonds to lower costs for low-income seniors on Medicaid. The county has to hold a public hearing and decide whether the deal serves a public benefit — and it could lose about $45,000 a year in property taxes if the nonprofit wins a tax exemption.
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