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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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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State and federal officials recently celebrated the grand opening of Eklutna Estates, the newest senior housing development of the Cook Inlet Housing Authority (CIHA).  Eklutna Estate, located in CIHA’s existing senior community, Centennial Village, consists of 59 apartments – 46 one-bedroom/one-bath units and 13 two-bedroom/two-bath units and is open to Alaskans aged 55 and older.  [...]

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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, local dignitaries and area residents from the District of Columbia joined Treasurer of the United States Rosie Rios to celebrate the ground breaking of Vida Senior Residences.  Vida Senior Residences will be available to individuals ages 55 and older who earn 50 percent or less than the area media income (AMI).  The 36 [...]

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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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HomeTowne on Wayside, a 161,000 square foot affordable senior living apartment community in the Settegast neighborhood of Houston, Texas, celebrated its grand opening last month with project team members, financial partners and the City of Houston representatives.  The $14.9 million community, developed by Integrated Real Estate Group, is the first of its kind in the [...]

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Oakland area citizens, religious leaders and politicians celebrated the June 25th ground breaking of a new 73-unit affordable housing development for senior citizens in downtown Oakland, California.  The project, expected to open in Fall 2011, will convert a former gas station site and an adjacent building that was once a medical marijuana dispensary into a [...]

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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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