Cambridge Realty Capital recently announced a series of financing transactions for California assisted living and skilled nursing properties totaling over $26 million dollars.  Cambridge has been actively financing skilled nursing homes and assisted living facilities in California for over 15 years and has recently increased its focus in Southern California with the addition of Hymie [...]

[Read more →]

The California Housing Finance Agency (CalHFA) recently closed its first bond issuance under the New Issue Bond Program (NIBP).  The NIBP, made possible through a special partnership with the U.S. Department of the Treasury, will provide $380 million financing for affordable, multifamily housing developments in California.  CalHFA’s first NIBP issuance will help create a 185-unit [...]

[Read more →]

HomeAid Northern California recently celebrated the dedication of Phase 1 of the Village at Walpert Center in Hayward, California for developmentally disabled seniors.  The Alameda county development, which will be fully completed in late summer 2010, will include 5 identical, 3,410 square foot homes with six bedrooms each. The homes, designed by KTGY Group, were [...]

[Read more →]

Heritage Commons, a 60-unit senior housing community in Dixon, California, announced that it has received a grant of $1,000,000 through the Affordable Housing Program of the Federal Home Loan Bank (FHLB) of San Francisco. Heritage Commons will provide affordable housing to very low-income seniors and the apartment complex will be located within a new subdivision [...]

[Read more →]

Skilled Healthcare Group, Inc. (NYSE: SKH) reported that a jury in Humboldt County, California, returned a verdict against the company for a complaint filed more than four years ago.  The case, previously disclosed in SKH’s regulatory filings, is expected to be finalized in the coming weeks as the jury awarded the plaintiffs $613 million in [...]

[Read more →]

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 [...]

[Read more →]

The city of Los Angeles and Housing Authority of the City of Los Angeles (HACLA) recently celebrated the opening of the Manchester, a senior public housing community in South Los Angeles.  HACLA acquired the property with the intent to renovate the interior and exterior and transformed the apartment building into 27 one-bedroom senior apartments.  The [...]

[Read more →]

Vintage Burbank, Vintage Senior Living’s 22nd location, recently celebrated the grand opening of the 8-story residence designed for independent and assisted living programs.  Vintage Burbank teamed up with architects Tim Wilkes and Doug Pancake, along with interior design firm—Design Tec, Inc., to give the residence a contemporary California resort-style elegance with state-of-the-art technology. The 102-unit [...]

[Read more →]

What does one of the hottest technology companies in the world have to do with affordable senior housing?  According to an article in Novogradac’s Journal of Tax Credits entitled “Google’s Investment in Affordable Housing Gets Results”, Google Inc.’s first low-income housing tax credit (LIHTC) investment will benefit over 200 of California’s seniors looking for affordable [...]

[Read more →]

St. Joseph’s Senior Apartments, a development by BRIDGE Housing Corporation, celebrated its groundbreaking in Oakland, California earlier this month and when construction is complete in June 2011, St. Joseph’s Senior Apartments will include 84 rental apartments for very-low-income seniors within the existing Main Building of the Oakland historic landmark. St. Joseph’s Home for the Aged [...]

[Read more →]

Morningside, a continuing care retirement community in Fullerton, California, has announced plans to expand its Lakeview Hall and Wellness and Fitness Center as well as renovate the community’s lake and surrounding courtyard features.  Construction on the $2 million expansion and renovation project began earlier this month and is expected to take nine months to complete.

[Read more →]

Thinking about retiring in Mexico?   How about developing senior housing and living product south of the border?  The opportunities exist but major challenges remain to make retiring south of the US border a slam dunk.  A group of business executives known as AMAR held a conference in San Antonio this past weekend to promote development [...]

[Read more →]