The demolition of Valley Homes was recommended as part of the original 2003 Asset Management Plan and was demolished in accordance with that plan in October 2005. The Asset Management Plan also recommended that the vacant land be redeveloped to include mixed-income, single-family homes. According to the recommended Plan, the number of homes would be driven by design (townhouse, duplex, condo or single-family) and available funding sources. Based on the demolition and redevelopment of Lincoln Homes, and the CHP desire to develop a senior living community serving elderly persons 55 years of age and above, at the 60% to 120% AMI, the best future use of the Valley Homes site will be reevaluated over the next two to five years based on community need.