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We expect these to be especially desirable since they afford the most active individuals greater independence. Our spacious apartment layouts offer kitchen and kitchenette alternatives. Residents may also choose from a variety of other options and amenities.\"</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">Jack Ritchie, vice president, housing and development of Bethel, adds, \"We've recognized the need for a major improvement of the Inn and now, after careful planning and thanks to a comprehensive financing package, we are able to do it. Although this is, indeed, a major renovation, I want our residents to know that despite our new look, we are not going to lose the involved level of service and affordable pricing for which the Inn is known.\"</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">To finance the venture, Bethel secured U.S. Department of Housing and Urban Development (HUD) insurance for a $10.525 million Westchester County Industrial Development Agency bond. The financing was used to fund the renovation but also to refinance the debt on the facility, Ritchie notes.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">The rents range from $2,234 per month for a studio (approximately 265 sf) to $3,721 per month for a one bedroom Garden unit of 580 sf. Services offered at The Springvale Inn include: three meals daily, weekly housekeeping, linen service, regular health and wellness assessments, scheduled transportation, utilities, concierge and staffing 24 hours a day.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">The three story Inn also includes two dining rooms, lounge with a fireplace, library with computer station, game and activity rooms, indoor swimming pool, and on-site shops that include: a bank, post office, beauty/barber shop, physician and dentist, laundry facilities, dry cleaners and deli.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">Construction on the renovations began recently and should be concluded by April 2002, Bethel officials note. 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