Dozens of Kendall County seniors living on a limited budget will have new affordable housing opportunities in spring 2012. Construction is set to start on the 60-unit Diamond Senior Apartments of Oswego as a result of the investment of the Illinois Housing Development Authority (IHDA), the state’s housing finance agency. IHDA financed $1.6 million in [...]
A revised proposed rule from the U.S. Centers for Medicare and Medicaid that will guide implementation of Medicaid Home and Community-based Service (HCBS) waivers could have a devastating effect on the opportunity for seniors to participate in the program according to the Assisted Living Federation of America (ALFA). “A recurring theme in our comments is that [...]
Texas-based Prevarian Senior Living is growing through both expansion and construction in response to what it calls an ongoing need for high-quality senior living facilities in the Texas area considering high senior-citizen populations. Prevarian, a national real estate development and investment firm which designs and builds senior living facilities, is pairing with Sears Methodist Retirement System to [...]
Affiliates of BRIDGE announced the grand opening of Armstrong Place, an affordable housing development is San Francisco, CA last week. Over $41 million was invested in the project, which includes 116 units for seniors as well as 7,600 square feet of commercial space, community services and retail shops. Twenty-three of the apartments are set aside for [...]
HHS Centers for Medicare & Medicaid Services (CMS) released guidance last week to state Medicaid agencies clarifying that they are able to offer same-sex couples many of the same financial and asset protections available to opposite-sex couples when a partner is entering a nursing home or care facility. The letter advises state agencies of their ability [...]
AARP’s Inside E Street looks at the shifting needs of senior housing as the first group of Boomers reaches the retirement age this year. AARP’s Lark McCarthy talks to Mary Jo Peterson, interior design consultant, and Andrew Carle, founding director of the program in Senior Housing Administration at George Mason University, about cutting-edge housing trends [...]
WellAWARE Systems Partners with Eden Alternative to Empower a New Standard of Care WellAWARE Systems has announced a new partnership with international not-for-profit organization, The Eden Alternative. Founded by board certified geriatrician and international Elder care expert, Dr. Bill Thomas, The Eden Alternative is driven by a person-directed care philosophy to improve the well-being of [...]
Oxford Finance announced it has provided $4 million in senior debt to Platinum Health Care, a company that provides back office services to senior housing communities. The deal includes a $3.5 million senior secured term loan and a $500 thousand revolving line of credit. The proceeds from the loan are being used to refinance existing debt, [...]
The Oaks, an assisted living facility for low-income seniors, has recently been completed in Mena, Arkansas, about a decade after the project’s inception. A $100,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB) and member institution Bank of the Ozarks was enough to complete funding and finish construction for the [...]
