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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As the economy in California struggles and the state government working with limited funds, Governor Schwarzenegger is facing some challenges to make ends meet and one area that is on the chopping block is the state’s senior housing programs.  The governor’s cuts include proposals to shut down the state’s adult day care centers that […]

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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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Horizons at Indio, an affordable housing community developed by Urban Housing Communities (UHC) and Heritage Community Housing (HCH), celebrated its achievement of honorable mention in the senior housing category of the 15th Annual Charles L. Edson Tax Credit Excellence Awards program.  The Charles L. Edson Tax Credit Excellence Award is a national awards program presented […]

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Front Porch, California’s largest non-profit provider of senior living communities, was honored with nine awards (four Gold and five Silver) by the 2009 National Association of Home Builders (NAHB), 50+ Housing Council. The annual awards program recognized excellence and innovation in the design, development and marketing of housing for the mature market.
Two Front Porch communities, […]

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Home prices in the United States continued their downward spiral in March according to the S&P Case-Shiller home-price indexes.  The S&P/Case-Shiller U.S. National Home Price Index posted a 19.1% drop from a year earlier, the biggest quarterly decline for the reading’s 21-year history.  With this move down, home prices are now at price levels that […]

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SEASONS at Compton, an 84-unit affordable rental community that blends limited-income seniors, adults with developmental disabilities, and seniors who care for dependents with developmentally disabilities, was recently awarded a $350,000 grant from the Weingart Foundation and a Gold Award from the National Association of Home Builders (NAHB) 50+ Housing Council.  LINC Housing Corporation, a Long […]

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Nationwide Health Properties, Inc.(NHP) reported results last week that showed an increase in revenues of 14% and an increase in diluted funds from operations (FFO) compared to first quarter of 2008.  During the quarter NHP sold three buildings in the first quarter for approximately $35.0 million in gross proceeds and invested $8.0 million in revenue […]

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The National Association of Home Builders’ (NAHB) 50+ Housing Council recently awarded Varenna the prestigious 2009 Best of 50+ Housing Gold Award in the category of Best CCRC, defined as those having up to 200 units.  The Santa Rosa, California facility was opened in 2008 and was developed by Oakmont Senior Living and is professionally […]

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Are seniors still worried about selling their homes and moving into senior housing because of declining home values?  You betcha with numbers like these…  According to the latest figures released by Zillow, the statistics show that 21.9 percent of all American homeowners have negative equity at the end of the 1st quarter.  This is […]

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The Jack London Gateway Senior Housing project is preparing to open in the next few weeks and the project received some good press about the opening in the Contra Costa Times.  The project is part of a mixed-use development to infill an underutilized neighborhood shopping center parking lot.  The senior housing will bring 61 units […]

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