Representatives from the Illinois Housing Development Authority (IHDA) and local dignitaries recently celebrated the grand opening of Thomas Place Fox Lake new development of 100 rental homes for low-income seniors.  The project features 67 two-bedroom, and 33 one-bedroom units for residents who are at least 55 years old with monthly rents ranging from $598 to [...]

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Boulder Housing Partners (BHP) recently announced that it has begun installation of solar panels at Canyon Pointe affordable, senior apartments.  Canyon Pointe consists of 81 one-bedroom apartments that are part of the Section 8 Project Based program for residents age 62 years and older.  The project is being funded by the American Recovery and Reinvestment [...]

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Holy Family Senior Apartments in Buffalo, New York recently celebrated its groundbreaking marking the start of its conversion from a former Catholic elementary school.  The three-story building will be rehabilitated and transformed into 35 affordable, energy-efficient apartments and is being sponsored by the Diocese of Buffalo and developed by Delta Development of WNY, Inc. and [...]

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The California Housing Finance Agency (CalHFA) recently closed its first bond issuance under the New Issue Bond Program (NIBP).  The NIBP, made possible through a special partnership with the U.S. Department of the Treasury, will provide $380 million financing for affordable, multifamily housing developments in California.  CalHFA’s first NIBP issuance will help create a 185-unit [...]

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The Illinois Housing Development Authority (IHDA) last week celebrated the grand opening of 90 new affordable homes for seniors in south suburban Blue Island for the Senior Suites of Fay’s Point.  IHDA provided a $2.2 million low-interest federal HOME loan and $1.6 million in federal Low-Income Housing Tax Credits to build the development and the [...]

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Last week, the House Financial Services Committee approved H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010, that will help to provide support to stem the loss of affordable rental housing units across the country and prevent the displacement of low-income tenants, many of who are elderly or disabled.  The bill’s key provisions [...]

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The U.S. Department of Housing and Urban Development (HUD) announced on Monday more than $550 million in housing assistance low income seniors and persons with disabilities.  The funding and grants will provide interest-free capital advances to non-profit developers so they can produce accessible housing, offer rental assistance, and provide supportive services for the elderly and [...]

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Collage, The Art & Science of Healthy Aging, has announced the final selection of 20 sites nationwide to participate in an affordable housing demonstration laboratory beginning October 2010.  The selected sites will use the COLLAGE new Web-based comprehensive assessment tools to advance healthy aging for housing residents and improve community outcomes.  The systems collects assessment [...]

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MassHousing announced $2.4 million in loan commitments last month for the development of Barstow Village in Hanover, which will provide 66 affordable apartments for senior citizens.  Barstow Village is being developed by EA. Fish Associates and the Archdiocese of Boston’s Planning Office for Urban Affairs on a 6.6-acre site. The 66 apartments, which include 64 [...]

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Affordable – “that can be afforded; believed to be within one’s financial means”.  The concept of affordable housing is gaining more attention across the country as a slow economic recovery sets in not only for seniors but for all demographics in the United States.  While affordability is typically defined on a local and regional level, [...]

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New York City Housing officials, SKA Marin and Local Development of Crown Heights recently celebrated the grand opening of Crown Heights Apartments, an eight-story affordable housing development in Crown Heights, Brooklyn.  The complex offers 143 affordable rental units for low-income seniors and was constructed through HDC’s Low Income Affordable Market Place Program (“LAMP”).  Crown Heights [...]

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Shepherd’s Garden, Lynnwood, Washington’s new affordable housing community for seniors, celebrated its grand opening earlier this month and features 39 apartments on 2.24 acres.  The $9.8 million project was built by ABHOW of Pleasanton, Calif., and co-developed by the Seattle-based Beacon Development Group and is open to low and very low-income seniors over 62 years [...]

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