Movers & Shakers: Lifespace Communities’ New Senior VP of Business Development

Lifespace Communities Appoints Senior VP of Business Development Lifespace Communities, one of the nation’s largest not-for-profit senior living providers, hired Joe Anderson as senior vice president of business development. In the role, Anderson will drive the Des Moines, Iowa-based company’s growth through mergers and acquisitions. He comes to the role with almost 30 years of […]

HUD Launches Program to Streamline Low-Income Housing Projects

The Federal Housing Administration unveiled a new pilot program on Friday, Feb. 10, that will accelerate the approval process for the purchase or refinancing of multi-family rental properties assisted through the Low-Income Housing Tax Credit (LIHTC). The pilot program will be launched in Chicago, Detroit, Boston, and Los Angeles, and the FHA believes it will […]

Financing Senior Care Renovation: Less Risky Alternative to New Construction?

New construction starts remain significantly below peak 2007 levels, according to data from the National Investment Center for the Seniors Housing & Care Industry, and with financing largely unavailable for ground-up construction, is renovation or rehabilitation of senior care facilities a less-risky alternative for lenders? With nursing homes across the nation an average of nearly four […]

Cain Brothers: FHA the “Best Vehicle” to Affordable Capital for Senior Care Projects

Taxable Federal Housing Administration (FHA) insurance financing is the “best financing vehicle” for borrowers with “BBB” or unrated credit profiles from a cost standpoint, says the Cain Brother’s Strategies in Capital Finance report for Fall 2011 in reference to the agency’s Section 242 program, mortgage insurance for hospitals. Since the Department of Housing and Urban Development’s […]