4 Ways a Biden Administration Could Affect Senior Housing Businesses

Senior housing investors and operators can anticipate several changes that will affect the industry as a result of the 2020 U.S. elections. Democratic President-Elect Joe Biden has floated proposals including a major investment in home care, changes to real estate programs and policies, and pledges related to the caregiver workforce. The incoming administration also may […]

HHS to Include Independent Living, CCRCs in Walgreens/CVS Vaccine Effort

Operators of standalone independent living communities, blended independent living/assisted living communities and continuing care retirement communities (CCRCs) are eligible to receive Covid-19 vaccines under the new distribution initiative between the U.S. government and major retailers Walgreens (Nasdaq: WBA) and CVS Health (NYSE: CVS). Under the government’s plan — which is called the Pharmacy Partnership for […]

Assisted Living Providers Confused, Concerned About Retaining Federal Relief Funds

Assisted living providers are concerned about their ability to retain federal relief funds due to changes in reporting requirements, and industry associations are urging the Department of Health and Human Services (HHS) to address the situation. Argentum and the American Seniors Housing Association on Monday sent a joint letter to HHS Secretary Alex Azar regarding […]

HHS Working to Resolve Delays in Relief Fund Distribution to Assisted Living

The Department of Health and Human Services (HHS) is working through issues that are delaying the distribution of government relief funds to some assisted living providers, according to the American Seniors Housing Association (ASHA). In September, HHS announced that private-pay assisted living providers would be able to tap into Provider Relief Funds, receiving up to […]

Covid-19 Bulletin: Rent Concessions, Agency Staffing Become More Common; Updated Heroes Act Does Not Fund ‘Hero Pay’

Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be periodically updating this bulletin to keep you apprised of developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and your […]

23 Muni Bond Payment Defaults Sets Record for Retirement Community Sector

Twenty-three retirement communities have reported first-time payment defaults on municipal bonds in 2020. Since 2009, the retirement sector has never before posted more than 22 defaults in a given calendar year, according to a recently released report from Municipal Market Analytics (MMA). That previous high of 22 was recorded in 2016. So far in 2020, […]

ASHA: Federal Financial Support Coming Soon for Private-Pay Assisted Living Providers

Long-awaited federal financial support for assisted living providers is on the way, according to the American Seniors Housing Association (ASHA). Private-pay assisted living providers will have access “very soon” to the Department of Health and Human Services (HHS) Provider Relief Fund, an HHS official told ASHA leadership on a call Wednesday. The overall dollar amount […]

Perceptions of Senior Living Slide, But Most Consumers Unshaken by Covid-19

Prospective residents and their loved ones largely have not soured on the idea of moving into a senior living community despite Covid-19, although the pandemic has taken a toll on consumer sentiment. That’s according to a new survey conducted for the American Seniors Housing Association (ASHA) by ProMatura Group, an Oxford, Mississippi-based senior living market […]