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 [...]
Entries Tagged as 'Affordable Housing'
Thomas Place Senior Homes Celebrates Opening in Fox Lake, Illinois
August 31st, 2010 · No Comments
Tags: Affordable Housing · Low Income Senior Housing · Senior Housing Finance
Boulder Housing Partners To Renovate and Install Solar Panels at Canyon Pointe Senior Apartments
August 25th, 2010 · No Comments
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 [...]
Tags: Affordable Housing · Environmentally Friendly Development · Senior Apartments
Holy Family Senior Apartments Conversion Breaks Ground in Buffalo, New York
August 24th, 2010 · No Comments
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 [...]
Tags: Affordable Housing · Low Income Senior Housing · Senior housing
CalHFA Announces New Issue Bond Program to Help Provide Affordable Housing for Californians
August 24th, 2010 · No Comments
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 [...]
Tags: Affordable Housing · Senior Housing California · Senior Housing Finance
New Illinois Affordable Housing Project for Seniors Opens in Blue Island
August 16th, 2010 · Comments Off
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 [...]
Tags: Affordable Housing · Low Income Senior Housing · Senior Housing Finance · Tax Credits
Financial Services Committee Advances Measure to Preserve Affordable Housing
August 4th, 2010 · Comments Off
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 [...]
Tags: Affordable Housing · Low Income Senior Housing · Senior housing
HUD Announces $550 Million For Low Income Senior Housing
July 13th, 2010 · Comments Off
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 [...]
Tags: Affordable Housing · Government Programs · Low Income Senior Housing · Senior housing
Collage Announces Nationwide Sites To Participate in Affordable Housing Collaboration
July 13th, 2010 · Comments Off
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 [...]
Tags: Affordable Housing · Low Income Senior Housing · Senior Living Technology
MassHousing Announces $2.4 Million Funding for the Development of Affordable Senior Apartments in Hanover
June 29th, 2010 · Comments Off
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 [...]
Tags: Affordable Housing · Senior Housing Developers · Senior Housing Finance · Senior housing
What’s the Difference Between Low-Income and Affordable Senior Housing?
June 23rd, 2010 · 1 Comment
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, [...]
Tags: Affordable Housing · Commentary & Editorials · Low Income Housing · Low Income Senior Housing · Senior housing
NYC Housing Leaders Open New $40 Million Affordable Senior Housing Complex in Brooklyn
June 21st, 2010 · Comments Off
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 [...]
Tags: Affordable Housing · Low Income Senior Housing · Senior Housing Developers · Senior Housing Finance · Senior housing · Tax Credits
Shepherd’s Garden Affordable Senior Housing Celebrates Grand Opening in Lynnwood, Washington
June 17th, 2010 · Comments Off
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 [...]
Tags: Affordable Housing · Low Income Senior Housing · Senior Housing Developers · Senior housing






