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Entries Tagged as 'Low Income Housing'

Rhode Island Housing Project For Low-Income Seniors Honored

June 14th, 2009 · No Comments

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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Tags: Low Income Housing · Low Income Senior Housing · Senior housing · Tax Credits

Nobility Homes Announces Results And Investment in Florida Retirement Parks

April 22nd, 2009 · 1 Comment

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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Tags: Low Income Housing · Low Income Senior Housing · Senior Housing Finance · Senior Housing Sales

Housing Authorities and Agencies Begin Announcing Use Of Stimulus Funds For Senior Housing

April 22nd, 2009 · No Comments

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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Tags: Low Income Housing · Low Income Senior Housing · Senior Housing Finance · Subsidized Housing · Tax Credits

Study Shows Affordable Rental Housing Lacking For Seniors And Other Americans

April 15th, 2009 · No Comments

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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Tags: Affordable Housing · Low Income Housing · Low Income Senior Housing · Senior housing

New York Announces $253 Million In Affordable Housing Grants

April 8th, 2009 · 1 Comment

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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Tags: Affordable Housing · Low Income Housing · Low Income Senior Housing · Senior Housing Finance · Senior Housing Legislation · Tax Credits

Rosemann Completes New Senior Living Community in Kansas City

February 24th, 2009 · No Comments

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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Tags: Low Income Housing · Low Income Senior Housing · Senior Housing Architecture · Senior Housing Communities · Senior Housing Developers · Senior Housing Finance · Senior Living · Tax Credits

Dominium Development And Acquisition, LLC Completes Renovation Of Affordable Senior Apartment Complex

February 9th, 2009 · 1 Comment

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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Tags: Low Income Housing · Low Income Senior Housing · Senior Housing Developers · Senior housing

Congressional Stimulus Bills & Senior Housing: A Few Highlights

February 8th, 2009 · 1 Comment

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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Tags: Affordable Housing · Low Income Housing · Low Income Senior Housing · Medicare & Medicaid · Senior Housing Developers · Senior Housing Finance · Senior Housing Legislation · Senior housing · Tax Credits

FHLB New York Awards $19 Million For Affordable Housing

February 5th, 2009 · No Comments

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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Tags: Affordable Housing · Low Income Housing · Low Income Senior Housing · Senior Housing Developers · Senior Housing Finance · Senior housing · Subsidized Housing

Las Vegas City Council Allocates $6 Million In Funds For Affordable Senior Housing

February 2nd, 2009 · No Comments

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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Tags: Affordable Housing · Low Income Housing · Low Income Senior Housing · Senior housing

New Affordable Senior Housing Ready for Occupancy in Miami

January 21st, 2009 · No Comments

Elderly Housing Development and Operations Corporation’s (EHDOC) recently announced that Palermo Lake in Miami is opening at the end of January 2008 and will celebrate its grand opening on February 18, 2009.  In the fall of 2008, over 1000 seniors waited in line to receive an application for the 109 unit apartment building.
“We are delighted […]

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Tags: Affordable Housing · Low Income Housing · Low Income Senior Housing · Senior Housing Developers

New York Affordable Housing Plans Hits The Skids Due To Financing Woes

January 7th, 2009 · No Comments

Earlier this week, the New York Times ran an article about Mayor Michael Bloomberg’s comments during his weekly radio address that New York City’s housing plans would be delayed due to the current economic conditions and the reduction in prices of federal low-income housing tax credits that help investors finance the building of housing for […]

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Tags: Low Income Housing · Low Income Senior Housing · Senior Housing Finance · Senior housing · Tax Credits