Category: Low Income Senior Housing

WaPo: U.S. Approaching a Caregiver Cliff

The United States is getting closer to a caregiver cliff as demand for long-term care services grows while the supply of those who can provide that care diminishes, writes the Washington Post. President Obama during his January State of the Union address called the nation’s millions of family caregivers “humble heroes.” AARP valued unpaid family… Read More »

Housing Recovery to Drive Regional Independent Living Upswing

The senior living sector is experiencing a boom on the heels of the housing downturn and recovery, with assisted living and memory care leading the charge. While independent living isn’t expected to meet the pace of its counterparts, it’s still expected to gain ground. Last year’s sales of portions  of the Holiday Retirement portfolio and the… Read More »

Top 10 Trends in Senior Housing for 2014

Top 10 Trends in Senior Housing for 2014

Two trains are driving toward one another. The first train, Money, leaves Town A at 5 am traveling at 60 miles per hour. The second train, Health, leaves Town B at 7 am traveling at 70 miles per hour. The distance between Town A and Town B is 455 miles. What is the EXACT time… Read More »

CMS Includes Assisted Living Option in Medicaid HCBS Programs

The Centers for Medicare & Medicaid Services (CMS) issued a final rule on Friday strengthening community living options included in Medicaid’s home- and community-based services programs for seniors and those with disabilities. The rule, stemming from the Affordable Care Act and supporting the Department of Health and Human Services’ Community Living Initiative, ensures HCBS programs… Read More »

HUD Makes $15 Million Senior Housing Commitment

The Department of Housing and Urban Development announced on Tuesday a nearly $14.8 million commitment to preserving affordable rental assistance for senior residents of subsidized properties.  The funding is provided through HUD’s Senior Preservation Rental Assistance Contracts (SPRACs) and is targeted for properties in the department’s Section 202 Supportive Housing for the Elderly program. Without… Read More »

Funding Crisis Puts Squeeze on Community-Based Senior Services

Seniors who are able to remain in their private homes with the help of federally-funded services are at risk of losing their independence, warns a recent report by the National Association of Area Agencies on Aging (n4a). Local Area Agencies on Aging in nine states indicated in a November 2013 n4a survey that a range of community-based… Read More »

LeadingAge-Ziegler Rank Largest Affordable Senior Housing Providers

Following the release of the LeadingAge-Ziegler 100, the two companies have teamed up again to rank the largest nonprofit affordable senior housing providers in the country. The 2013 LeadingAge-Ziegler 100 finds that Ohio-based National Church Residences is the largest not-for-profit affordable housing provider with more than 16,000 residents being served across 228 communities. The list… Read More »

Stanley Healthcare Makes New Investment in Senior Care Tech Development

Stanley Healthcare and digital health solutions provider BAM Labs have partnered to form a joint integration and distribution agreement for technology aimed at reducing pressure ulcers and falls among senior living residents. The new Stanley Healthcare Patient Safety Monitoring solution leverages BAM Labs’ non-invasive sensor pad that is placed under mattresses and can provide caregivers… Read More »

Affordable Senior Housing Turns to Healthcare Services

Recognizing an industrywide trend, one nonprofit developer of affordable senior housing has expanded its supportive services to include both residential and medical care under one roof, The Columbus Dispatch reports.  National Church Residences (NCR), a Columbus, Ohio-based provider, offers health care at dozens of its Ohio locations, which include assisted living, home health care and… Read More »

The Dirt: AMCAL’s $40 Million Affordable Senior Housing Conversion

At a Glance Developer: Amcal Multi-Housing Inc.What: A two-phase, approximately $40 million project to convert the abandoned Linda Vista Community Hospital and an adjacent former nurses’  residence building into affordable senior housing unitsNumber of units planned: 120Where: The Boyle Heights neighborhood of Los Angeles, Calif. Major capital sources: A combination of federal grants, which for the… Read More »

HUD Reinstates Developer Fee for Section 202 Refinancings

HUD Reinstates Developer Fee for Section 202 Refinancings

The Department of Housing and Urban Development (HUD) announced in late June it would revise a notice that eliminated developer fees for refinances of Section 202 Supportive Housing for the Elderly properties. A May 30 Notice on Updated Requirements for Prepayment and Refinance of Section 202 Direct Loans said that no developer fee is allowed from the… Read More »