Presbyterian Senior Living (PSL) and Springwood Real Estate Services recently held a ground breaking ceremony for Westminster Place at Stewartstown.  Westminster Place at Stewartstown is a $16.2 million dollar, 96-apartment affordable housing community that will offer 71 one bedroom and 25 two bedroom apartments to seniors 55 and over.  The project was designed by Murphy [...]

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The New Jersey Housing and Mortgage Finance Agency (HMFA) recently celebrated the groundbreaking of John O. Parker, Jr. Hall, a 77-unit affordable housing apartment building located in the Centerville Retirement Community in Camden, New Jersey. Parker Hall will be a four-story, mid-rise building of one-bedroom and two-bedroom apartments for seniors and will feature wood floors [...]

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Austin Mayor Lee Leffingwell celebrated with East Austin residents and members of the Chestnut Neighborhood Revitalization Corporation(CNRC) at a groundbreaking ceremony at the end of September to mark the upcoming construction of the Franklin Gardens Senior Housing, a rental housing facility for low-income elderly persons. The 1.02 acre location will will consist of 21 one-bedroom [...]

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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 a [...]

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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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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 Corporation [...]

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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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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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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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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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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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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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