The UCLA Center for Health Policy Research and the Insight Center for Community Economic Development released new data last week that showed that a senior living along in Los Angeles would need twice the media income (based upon $17,029) to survive.  In all 58 California counties, long-term health care is far out of reach for […]

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Devries Place Senior Apartments was recognized by the Urban Land Institute (ULI) as a 2009 Awards For Excellence:  The Americas winner for its efforts on land planning use, design and sustainability.  The 103 unit rental apartment homes located in Milpitas, California, near the southern end of San Francisco Bay, provides housing and amenities for low […]

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The concept of aging in place has long been held by many as the most cost effective solution for senior housing and one that provides a high degree of satisfaction.  Is that perspective a reality or a commonly held misconception?  Professor Stephen Golant from the University of Florida submitted this paper to Senior Housing News […]

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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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The Federal Home Loan Bank of San Francisco awarded $30.3 million in Affordable Housing Program (AHP) grants in the first round of the 2009 competition earlier this month. The AHP grants, awarded to 42 projects that address the unique needs of individual communities, will produce 2,558 affordable housing units in Arizona, California, Illinois, Nevada, […]

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New York state’s Division of Housing and Community Renewal (DHCR) announced the results of a Statewide Affordable Housing Needs Study. The report was the result of an outreach to gather first-hand information from local leaders and housing professionals who best understand the housing and community development needs of their own communities.  The study started in […]

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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 Federal Home Loan Banks of Pittsburgh and San Francisco (FHLBanks) announced this week the awarding of $9.87 million in affordable housing grants for the construction and rehabilitation of 861 units of affordable housing at 18 project sites.  With the recently announced grants, the FHLB Pittsburgh has contributed a total of more than $42 million […]

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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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The County of Hawaii is seeking partners for a government-private partnership that will provide the state with a 160 unit affordable, rental senior housing project that will be known as Mohouli Heights Senior Neighborhood project.  The state is allowing a developer to obtain a 75 year land lease through the Hawaii Island Community Development […]

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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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