Bradford Perkins, founder of Perkins Eastman, wrote “10 top design trends in senior living facilities” for Building Design and Construction last week and discusses design trends that affect the senior housing market not only here in the United States but internationally. While the US population’s aging is discussed frequently, many of the concepts for retirement [...]
According to the 2007 Service Annual Survey: Health Care and Social Assistance provided by the U.S. Census Bureau, Medicaid continued to be the largest source of funding for nursing and residential care facilities in 2007 at $59 billion. The report focuses on health care and social assistance providers for individuals, and gives estimates and sources [...]
The RFID Journal recently ran a feature story outlining a research project conducted by the University of South Florida to study the movements of residents but utilizing this data to look for clues at whether those being tracked are exhibiting signs of early stages of dementia. While RFID(radio frequency identification) tags are routinely used to [...]
Elderly Housing Development and Operations Corporation’s (EHDOC) recently announced that Palermo Lake in Miami is opening at the end of January 2008 and will celebrate its grand opening on February 18, 2009. In the fall of 2008, over 1000 seniors waited in line to receive an application for the 109 unit apartment building. “We are [...]
California P.E.O. Home recently announced it plans to transform its existing campus into a brand new community called Redstone. The planned community will be constructed on the organization’s existing senior living community, Marguerite Gardens in Alhambra, California. The development of Redstone will be a progressive senior living community that includes 184 one- and two- bedroom [...]
Last week, the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced that it will award more than $43 million to fund 85 affordable housing projects in ten states for its 2008 funding program. The awards include specific funding for senior housing projects in Alabama, Georgia and Texas. Local community developers, in partnership with FHLBank [...]
Senate Majority Leader Harry Reid and Congresswoman Shelley Berkley recently announced that Nevada H.A.N.D. has been awarded a $7.5 million grant from the Department of Housing and Urban Development (HUD). Nevada H.A.N.D is local 501(c)(3) nonprofit organization that develops affordable housing to improve the lives of low-income individuals in the metropolitan Las Vegas area. The [...]
Last week The American Institute of Architects (AIA) semi-annual Consensus Construction Forecast projected an 11 percent decline in design and construction activity in 2009. The AIA notes that commercial projects that have been put on hold include office buildings and retail establishments but says that prices for construction commodities have fallen in recent months as [...]
Capmark Finance, Inc. recently announced that it has refinanced $24,700,000 in debt for two Florida seniors housing properties owned by subsidiaries of Hallmark Housing LLC. The two properties, Heritage Oaks and Allegro at East Lake, were refinanced with variable rate debt priced over Freddie Mac’s One-Month Reference Bill Rate totaling $17,000,000 and $7,700,000 respectively. Heritage [...]
