The McGregor Foundation announced recently that it has distributed $520,902 to a wide range of organizations during its semi-annual grantmaking cycle.  The foundation granted $45,000 to the City of Cleveland towards implementation of Economic Security Centers, a competitive matching-grant program sponsored by the National Council on Aging. The Centers will provide financial counseling to 500 [...]

[Read more →]

Elderly Communal Housing at Dallas (ECHAD), managed by The Legacy Senior Communities, Inc. since 1981, has been awarded  positive marks by the Southwest Housing Compliance Corporation. Following a recent visit to the campus, the Southwest Housing Compliance Corporation, administrator for the Department of Housing and Urban Development in Texas, awarded the apartment community superior scores [...]

[Read more →]

The Texas Department of Housing and Community Affairs (TDHCA) announced a funding award of $500,000 in funds to developers constructing the 92-unit Abilene Senior Village Apartments which will help finance five units designed for low income senior citizens with disabilities. The award was made through the Department’s HOME Investment Partnerships (HOME) Program, funded through the [...]

[Read more →]

Construction is underway on the $20.4 million, 89,000 project for Senior Living at Cambridge Heights facility in St. Louis, Missouri. Cambridge Heights will feature 117 one- and two-bedroom apartments designed for older adults and be comprised of apartments ranging in size from 504-618 square feet for a one-bedroom apartment and 837 square feet for a [...]

[Read more →]

Foster Pointe Senior Homes, a 61-unit three story affordable senior development located in the Brooklyn Centre neighborhood on Cleveland’s west side, announced that it will be ready for occupancy mid-summer 2010.  Brooklyn Centre is a walkable neighborhood with a number of parks including the renowned Cleveland Metroparks Zoo and the Ohio and Erie Canal Towpath [...]

[Read more →]

What kind of income is necessary to afford a modest rental home?  According to a recent report by the National Low Income Housing Coalition, that number is $18.44 per hour or $38,360 per year.  The report highlights that rents are continuing to rise while wages stay the same or decrease across the country.  The national [...]

[Read more →]

Jack Satter House, a supportive housing community for 300 low-income seniors in Revere, Massachusetts announced that it has received a $4 million grant from the U.S. Department of Housing and Urban Development (HUD) as part of its new Green Retrofit Program for Multifamily Housing.  The grant, which is the first of its kind in New [...]

[Read more →]

State Farm Insurance Cos. announced this month that it is expanding its commitment by $25 million with the National Equity Fund (NEF).The increased capitalization of the fund will help revitalize low-income communities by financing affordable housing for disadvantaged families and seniors. State Farm has joined forces with NEF, a nonprofit syndicator of low-income housing tax [...]

[Read more →]

Mayor Adrian M. Fenty last week announced the District selected a development team led by Urban Matters, Mission First, Mt. Lebanon CDC and the Washington Interfaith Network (WIN) to redevelop the former MM Washington Career High School. The Urban Matters/WIN proposal calls for redeveloping the 80 to 90 units of affordable senior rental housing and [...]

[Read more →]

The Federal Home Loan Bank of Dallas (FHLB Dallas) recently announced the opening of two affordable housing projects for very low-income, elderly residents in Jonesboro, Arkansas.  Benedictine Manor I and II are part of a senior campus located in downtown Jonesboro consisting of two adjacent, two-story buildings with 20 one-bedroom apartments for very low-income seniors.  [...]

[Read more →]

The Illinois Department of Healthcare and Family Services (HFS) recently announced the approval of 18 new Supportive Living Facilities (SLFs) in Illinois. The state’s Supportive Living Program offers an alternative to nursing home care for low income seniors, and people with physical disabilities and the state’s Medicaid program pays for a portion or all of [...]

[Read more →]

Terraces on Tulane, a newly constructed senior housing community in New Orleans, Louisiana, is celebrating its re-opening after the former facility was badly damaged by Hurricane Katrina.  The Terraces on Tulane replaces Forest Towers, badly damaged by Katrina, and is a 200-unit community for low-income seniors  and is operated by Volunteers of America (VOA).  The [...]

[Read more →]