The Federal Home Loan Bank of Seattle announced its Affordable Housing Program (AHP) awards for the 2008 last week.  The Seattle Bank received 51 applications requesting $19.0 million in AHP subsidy for the 2008 AHP funding round and approved 13 applications for a total of $4.38 million of AHP subsidy. The bank approved four additional […]

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The U.S. Environmental Protection Agency recently recognized Mercy Housing California and the San Francisco Housing Authority for innovative approaches to development that expand economic opportunity and protect public health and the environment.  Mercy Housing California and the San Francisco Housing Authority received the 2008 National Award for Smart Growth Achievement for the category of Equitable […]

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Chicago Housing Commissioner Ellen Sahli recently joined Ald. Ray Suarez (31st) other City officials and members of Senior Lifestyle Corporation to officially break ground for Senior Suites of Kelvyn Park, a new $20.1 million affordable rental complex for seniors.  The ceremony marked the start of construction for a proposed 85-unit development, which will be built […]

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The Federal Reserve recently released its comprehensive report on banks’ 2007 lending practices  that showed that overall mortgage lending dropped sharply.  Total originations dropped 25% from 2006 and that nearly one in three applicants were denied.  The reports findings are based upon information collected from mortgage lending institutions under the Home Mortgage Disclosure Act […]

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Catholic Health Initiatives announced today a $6 million gift to Mercy Housing for its affordable homes for low-income families, seniors and people with special needs in Omaha and Lincoln, Neb., and Council Bluffs, Iowa. Catholic Health Initiatives, the second largest Catholic health system in the country, is also one of the largest health care providers […]

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Last week, the King County Housing Authority completed the Nia Apartments, its first new public housing for seniors and disabled residents in 26 years. One week later, it is fully leased.
The new 82-unit, four-story apartment complex, which is located in the Greenbridge community in White Center, offers residents spacious, light-filled apartments with well-appointed kitchens. […]

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Nationwide Senior Care Company Provides FREE Assistance for Families Seeking Elder Care Guidance for Aging Loved Ones
A Place for Mom, the nation’s largest senior care referral service, is available to seniors seeking relocation options in areas hit by Hurricane Ike. The path of Hurricane Ike ripped through twelve states leaving hundreds of thousands without power, […]

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With the recent government take over of Fannie Mae and Freddie Mac, many people are proclaiming that this may be the first step towards setting the housing market back on the right course.  Whether you agree with this or not, its important to realize that this will provide some additional support for the senior housing […]

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A national task force from the American Association of Homes and Services for the Aging (AAHSA) recently released a report that the current survey and certification processes used to evaluate long-term care facilities nationwide is broken and beyond repair. The task force concluded in its final report, “Broken and Beyond Repair: Recommendations to Reform the […]

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Last week the federal government released information on some of the most troubled nursing homes and this initiative could pave the way for further information to be provided to the public domain if Congress passes a bill that was introduced earlier this year.  While many private operators publish data on quality of care, their offerings […]

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Broome County, in New York state, received $4 million dollars as part of the state budget for 2008-2009 that will allow the demolition and rehabilitation of an area to construct a $70 million dollar nursing home.  The new facility will replace an existing nursing home that was constructed in the 1960s and expanded over the […]

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Last week, the Social Security Administration presented its report on Social Security and Medicare in the United States.  The annual report painted a similar picture of demise and didn’t show any major improvements or worsening in the entitlement realities over the next 30 years from last year’s report.  2008 is an important year for the […]

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