MetLife’s Foundation Awards announced four winners for its 2011 Excellence in Affordable Housing contest on Friday. The companies will each receive $50,000 in unrestricted grant funds to expand work in affordable senior housing and will be recognized at various events around the country culminating with a final event at the LeadingAge conference in Washington, D.C. this [...]
As Congress gets ready to examine ways to reduce the federal deficit, the American Health Care Association (AHCA) and the Alliance for Quality Nursing Home Care (AQHNC) are launching a nationwide television campaign to prevent more medicare and medicaid cuts. The groups say that previous cuts have already impacted the ability of providers to stay [...]
Two companies that focus on senior housing were named to Inc. Magazine’s annual Inc. 5000 list of of the nation’s fastest growing private companies. Based in Columbus, Ohio, Lancaster Pollard, a mortgage and investment banking provider to senior housing and healthcare organizations was named to the list and ranked #2,361 overall and #110 in financial [...]
Oak Grove Capital announced it provided $18.3 million in fixed-rate financing through Fannie Mae for three properties on behalf of Capital Senior Living Corporation. The loans were used to acquire Green Tree of Kokomo in Kokomo, Ind., a 78-unit assisted living and memory care facility and Wynnfield Crossing, a 50-unit independent and assisted living facility located in [...]
The Congressional Budget Office released a report on August 25 that projects the national deficit will reach $1.3 trillion in 2011, making it the third-largest shortfall in 65 years, exceeded in that time frame only by the deficits of the past two years. In addition, CBO cites that the number of people age 65 or [...]
Seniors are creating a brave old world for themselves through cohousing, where residents like those of ElderSpirit help take care of each other, reports the New York Times in a series of articles on creative senior living options. “The curses of aging are loneliness, helplessness, and uselessness,” said Dene Peterson, ElderSpirit’s founder, in a video [...]
Private investment (PI) nursing homes spent more money between 2003 and 2008 compared to other for-profit and nonprofit homes, but the money was spent to target higher-paying Medicare or private pay residents, says a report from the Government Accountability Office (GAO). After private investment (PI) firms acquired several large nursing home chains, concerns cropped up regarding the [...]
The Department of Housing and Urban Development published new guidance for assisted multifamily housing last week on addressing bed bugs. “As bed bug infestations have become a serious problem in housing throughout the country, HUD multifamily sites are not immune,” said the agency. The guidance provides information and references to best practices regarding the prevention and [...]
National Refinance Program Can Provide Cash Stimulus to Seniors & Baby Boomers
There has been an increase in the coverage about the Obama Administration’s desire to stimulate the housing market during the last few weeks. Housing stimulus and the reform of the housing finance agencies have taken a back seat during the summer months with the debt limit drama, but there seems to be renewed interest. Many [...]