Terraces on Tulane, a newly constructed senior housing community in New Orleans, Louisiana, is celebrating its re-opening after the former facility was badly damaged by Hurricane Katrina.  The Terraces on Tulane replaces Forest Towers, badly damaged by Katrina, and is a 200-unit community for low-income seniors  and is operated by Volunteers of America (VOA).  The [...]

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Rosemann & Associates, P.C. recently began construction on a $3.8 million independent senior living development in Wentzville, Mo. called Villas at Peruque Hills.  Developed by GHL Development, an affiliate of Gundaker Commercial Group who serves as the General Contractor, the Villas will be mixed affordable and market rate senior housing with funding provided by the [...]

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The Washington, D.C.-based Affordable Housing Tax Credit Coalition recently honored The Meadows, a Rhode Island affordable housing development designed to meet the needs of low-income seniors, with the Charles L. Edson Tax Credit Excellence Award for senior housing.
The $20 million, 80-unit project involves the new construction of a two-story building offering one- and two-bedroom [...]

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Will manufacturers of senior housing products begin to invest in real estate as the demand for their products wanes with the economic downturn?  That appears to be the case with a Florida-based manufactured housing maker.  Nobility Homes, a manufacturer of manufactured homes, has announced its first quarter results that show a .03 loss per share [...]

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As money from the Department of Housing and Urban Development begins being distributed to housing agencies across the country, many local agencies and politicians are eager to demonstrate that stimulus money is being put to work quickly for important project for low and moderate income constituents.  Last week, leaders of the Tacoma Housing Authority held [...]

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The National Low Income Housing Coalition (NLIHC) released its report, Out of Reach 2009, that provides a frightening view of affordable rental housing in the United States.  The NLIHC annual Out of Reach report provides data for every state, metropolitan area and county in the country showing how much a household must earn to afford [...]

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New York Governor David A. Paterson announced early this week $253 million in affordable housing grants coming to New York through the American Recovery and Reinvestment Act (ARRA).  The New York project are the first  housing projects in the U.S. to be awarded funding through the ARRA, and will allow for the preservation of existing [...]

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Earlier this month, architectural and interior design firm Rosemann & Associates, PC announced that construction of the 42 unit, independent senior living community in Kansas City, Mo. known as D.A. Holmes II Senior Apartments has been completed and 100 percent occupied.  The owner, D.A. Holmes Senior Housing II, L.P. developed the $4.9 million, affordable senior [...]

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Dominium Development and Acquisition, LLC recently announced the completion of a major renovation of an aging apartment community designed specifically to serve seniors and disabled persons in need of affordable housing.   Messenger Towers Senior Apartments was built in 1973 under the Section 8 project-based housing program.  This federal housing program subsidizes rent for low-income residents [...]

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For those of you who want to read the 700 pages of the House version of ‘American Recovery and Reinvestment Act of 2009 or those who want to review the amendments being debated in the Senate or try to follow all the press coverage, good luck.  If you just want the down and dirty from [...]

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The Federal Home Loan Bank of New York recently announced that the Bank has awarded $19.1 million in subsidies to fund 51 affordable housing initiatives throughout New Jersey, New York, Delaware and Pennsylvania.  These awards, which are funded through the Bank’s Affordable Housing Program (AHP), will result in the creation or rehabilitation of 2,213 affordable [...]

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The Las Vegas City Council recently approved nearly $6 million in federal and state funds for the development of 108 affordable housing units at four different projects.  The city of Las Vegas Neighborhood Services Department will oversee the city’s allocation of funding for these affordable housing projects.

Westcliff Pines Senior Apartments – $1.5 million – Phase [...]

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