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Entries Tagged as 'Subsidized Housing'

Over 20% of Americans Underwater On Their Mortgages

May 14th, 2009 · No Comments

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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Tags: Senior Housing California · Senior housing · Subsidized Housing

Housing Authorities and Agencies Begin Announcing Use Of Stimulus Funds For Senior Housing

April 22nd, 2009 · No Comments

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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Tags: Low Income Housing · Low Income Senior Housing · Senior Housing Finance · Subsidized Housing · Tax Credits

Hawaii Senior Housing Project Proposed

April 14th, 2009 · No Comments

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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Tags: Affordable Housing · Low Income Senior Housing · Senior Housing Communities · Senior Housing Developers · Senior Housing Finance · Subsidized Housing · Tax Credits

M&A Report Shows Senior Living Prices Drop From 2007 to 2008

March 29th, 2009 · No Comments

Last Month, Irving Levin Associates, a research and publishing firm that tracks mergers and acquisitions in the seniors housing and health care markets, released the fourteenth edition of the The Senior Care Acquisition Report that showed the average price paid per bed for skilled nursing facilities dropped significantly in 2008 from 2007.  The average sales […]

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Tags: Assisted Living Facilities · Nursing Homes · Senior Housing Finance · Senior housing · Subsidized Housing

San Francisco Affordable Senior Housing Project Gets Underway

March 24th, 2009 · 2 Comments

Last month, the Community Housing Partnership (CHP) and Tenderloin Neighborhood Development Corporation celebrated the groundbreaking of Zygmunt Arendt House, CHP’s first housing development to exclusively serve senior citizens. When opened in early 2010, the $16 million Zygmunt Arendt House will serve as a home for 47 formerly homeless seniors in San Francisco’s NoPa neighborhood.  According […]

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Tags: Affordable Housing · Low Income Senior Housing · Senior Housing California · Senior Housing Developers · Senior Housing Finance · Subsidized Housing

Ohio Housing Finance Agency Approves Plan That Includes Senior Apartments

March 19th, 2009 · No Comments

The Ohio Housing Finance Agency (OHFA) Board approved its Annual Plan last week, which addresses the state’s affordable housing needs in Ohio. The plan is a strategic guide that highlights current affordable housing issues covering homeownership, multifamily development, and management.  The OHFA Board also approved over $6 million to fund affordable housing. Approximately $2.15 million […]

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Tags: Low Income Senior Housing · Senior Housing Developers · Senior Housing Finance · Subsidized Housing

Arkansas Low Income Senior Housing Project Looks At Solar Power For Funding Help

March 12th, 2009 · No Comments

Members of the the Fayetteville Public Housing Authority recently voted to apply for a $262,000 grant from a federal Affordable Housing Pogram (AHP) for the installation of solar power technology for the proposed $1.6 million, 24-unit assisted-living center according to the Northwest Arkansas Times.  The project would be the region’s first solar-powered, senior housing project […]

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Tags: Environmentally Friendly Development · Senior Housing Developers · Subsidized Housing

Intercommunity Mercy Housing Receives Funding For Low-Income Senior Housing In Tacoma

February 25th, 2009 · No Comments

Intercommunity Mercy Housing announced that it received a $8.2 million grant from HUD and that the funding will go toward IMH’s first affordable housing property for low-income seniors in Tacoma.  Representatives from Intercommunity Mercy Housing, the city of Tacoma and the Washington State Housing Trust Fund celebrated the groundbreaking of the property this week called, […]

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Tags: Management & Operators · Senior Housing Communities · Senior Housing Developers · Senior Housing Finance · Subsidized Housing · Tax Credits · independent living

Citi Community Development Grant Funds Senior Housing in Miami Beach

February 10th, 2009 · No Comments

The Citi Foundation last month announced it is providing funding to local community development organizations in 20 urban communities across the country to support innovative, physical development and rehabilitation projects - known as “place-based initiatives” - that champion the long-term or large scale revitalization of low- and moderate-income communities. The Citi Foundation is offering the […]

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Tags: Senior Housing Developers · Senior Housing Finance · Senior housing · Subsidized Housing

FHLB New York Awards $19 Million For Affordable Housing

February 5th, 2009 · No Comments

The Federal Home Loan Bank of New York recently announced that the Bank has awarded $19.1 million in subsidies to fund 51 affordable housing initiatives throughout New Jersey, New York, Delaware and Pennsylvania.  These awards, which are funded through the Bank’s Affordable Housing Program (AHP), will result in the creation or rehabilitation of 2,213 affordable […]

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Tags: Affordable Housing · Low Income Housing · Low Income Senior Housing · Senior Housing Developers · Senior Housing Finance · Senior housing · Subsidized Housing

FHLB Seattle Awards Funds For Its 2008 Affordable Housing Projects

December 18th, 2008 · No Comments

The Federal Home Loan Bank of Seattle announced its Affordable Housing Program (AHP) awards for the 2008 last week.  The Seattle Bank received 51 applications requesting $19.0 million in AHP subsidy for the 2008 AHP funding round and approved 13 applications for a total of $4.38 million of AHP subsidy. The bank approved four additional […]

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Tags: Assisted Living · Low Income Housing · Low Income Senior Housing · Senior housing · Subsidized Housing

Obama to Nominate Shaun Donovan to head the US Department of Housing and Urban Development

December 14th, 2008 · No Comments

President-elect Obama has picked New York City housing commissioner Shaun Donovan to be secretary of housing and urban development.  Obama has spoken that this position will be a key post that will play a large role in the administration’s efforts to stop the number of foreclosures and expand homeownership.  Donavan served on the National Housing […]

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Tags: Affordable Housing · Low Income Senior Housing · Senior housing · Subsidized Housing