Dupage county in northern Illinois is using $1.3 million in federal housing grants to help finance the $19 million dollar Alden Gardens facility in Bloomingdale, Illinios. The Illinois Housing Development Authority (IHDA) is issuing $8.2 million in bonds to assist the project. The project is the second in cook county to set aside medicaid eligible facilities for assisted living. The project is expected to begin the initial construction phase in the fall of 2008
Transactions & Financings: LCS Assumes Operations of Rose Senior Living; United Church Homes’ New Development Venture
Occupancy concerns are falling as attention to middle market senior housing rises, and M&A activity continues across the sector. Those are just some of the insights coming from leaders in the world of senior housing on the dawn of this new decade.
This report reveals the depth of senior housing’s interest in active adult, the execution of the product and how these factors are re-writing the care continuum.
After a decade of whispers, trials, pilots and promise, virtual reality now seems on the precipice of a boom in senior housing and senior care settings.