In an interesting twist on zoning and senior housing, the Lake Oswego Review ran an article that discusses the trouble that a city council is having over a ruling for a proposed location for a senior housing complex. The project has been stalled since it was approved in late 2007 and has been further mired [...]
Have you seen the I-go and Zipcar zooming around your town lately? Some retirement communities such as CCRCs and assisted living facilities are examining whether the car-share concept is portable to retirement communities? Many facilities are recognizing that seniors have these assets and their cars are idle for much of the time they are at [...]
High Acres at Seneca Lake recently received approval for its Offering Plan from New York State to develop a new senior living retirement community in Geneva, New York. Construction of High Acres,sponsored by FLH Senior Communities, Inc., a member of Finger Lakes Health, is scheduled to begin early next year. High Acres plans to offer [...]
As more seniors are looking for cash, alternative funding programs are being marketed as more mainstream options for facilitating their lifestyle transitions. Reverse Mortgages and life settlement vendors have been spending enormous amounts of money promoting their services through various advertising channels that focus on providing educational materials on their services. These services, once thought [...]
CovenantCare at Home, the home care subsidiary of Covenant Retirement Communities, recently began offering its private home care services at Covenant Village of Colorado, in Westminster. CovenantCare at Home will provide Covenant Village of Colorado residents with nursing, transportation, and other supportive services in their residential apartments. The startup is part of CovenantCare at Home’s [...]
Sunrise Senior Living, filed an SEC 8-K stating that on March, 5, 2009, Sunrise and some of its subsidiaries entered into a binding letter agreement to sell its outstanding stock, membership interests and partnership interests of Greystone Communities, Inc., Greystone Development Company, LLC and Greystone Development Company II LP and the seed capital partnerships for [...]
The AARP Public Policy Institute released a new state-by-state report last week entitled, Across the States 2009, Profiles of Long-Term Care and Independent Living, that shows nursing home residents, beds, and occupancy rates have remained nearly constant in the last five years, even though the older population has increased. The population age 85 or older—the [...]
Members of the the Fayetteville Public Housing Authority recently voted to apply for a $262,000 grant from a federal Affordable Housing Pogram (AHP) for the installation of solar power technology for the proposed $1.6 million, 24-unit assisted-living center according to the Northwest Arkansas Times. The project would be the region’s first solar-powered, senior housing project [...]
One area of the senior living market that continues to deteriorate is the recreational-vehicle business. Fleetwood Enterprises earlier this week said that it would file for Chapter 11 bankruptcty protection for its U.S. operations and will close its travel trailer business. That division accounted for losses of $65.3 million in 2007 and $16.8 million in [...]
